PayPal Holdings, Inc. (PYPL) Stock Rating Reaffirmed by Deutsche Bank AG
Deutsche Bank AG restated their buy rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a research note issued to investors on Tuesday. They currently have a $77.00 price objective on the credit services provider’s stock, up from their prior price objective of $64.00.
A number of other research firms also recently issued reports on PYPL. Sanford C. Bernstein upgraded PayPal Holdings from a market perform rating to an outperform rating and raised their price target for the stock from $46.00 to $61.00 in a research note on Monday, July 10th. Stephens restated an overweight rating and set a $59.00 price target (up previously from $51.00) on shares of PayPal Holdings in a research note on Monday, June 19th. Loop Capital restated a hold rating and set a $49.00 price target on shares of PayPal Holdings in a research note on Wednesday, July 12th. Citigroup Inc. raised their price target on PayPal Holdings to $77.00 and gave the stock a buy rating in a research note on Tuesday. Finally, Barclays PLC raised their price target on PayPal Holdings from $63.00 to $66.00 and gave the stock an overweight rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. PayPal Holdings currently has an average rating of Buy and an average target price of $62.83.
Shares of PayPal Holdings (NASDAQ:PYPL) traded up 0.35% during trading on Tuesday, reaching $66.05. 6,122,368 shares of the company’s stock were exchanged. PayPal Holdings has a 12-month low of $38.06 and a 12-month high of $66.41. The stock has a 50-day moving average price of $63.63 and a 200 day moving average price of $63.63. The company has a market capitalization of $79.42 billion, a P/E ratio of 53.27 and a beta of 0.98.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. Equities analysts expect that PayPal Holdings will post $1.84 EPS for the current fiscal year.
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In related news, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the transaction, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO William J. Ready sold 90,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $59.25, for a total value of $5,332,500.00. Following the completion of the transaction, the chief operating officer now owns 29,252 shares of the company’s stock, valued at $1,733,181. The disclosure for this sale can be found here. Over the last three months, insiders sold 261,351 shares of company stock valued at $15,302,809. Insiders own 6.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in PYPL. BlackRock Inc. increased its stake in PayPal Holdings by 2,792.8% in the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after purchasing an additional 58,026,239 shares during the last quarter. FMR LLC increased its stake in PayPal Holdings by 36.1% in the second quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after purchasing an additional 21,814,940 shares during the last quarter. Capital World Investors increased its stake in PayPal Holdings by 313.5% in the second quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock valued at $330,127,000 after purchasing an additional 4,663,337 shares during the last quarter. Janus Henderson Group PLC increased its stake in PayPal Holdings by 1,064.7% in the second quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock valued at $260,921,000 after purchasing an additional 4,444,097 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in PayPal Holdings by 100.7% in the second quarter. American Century Companies Inc. now owns 8,080,639 shares of the credit services provider’s stock valued at $433,688,000 after purchasing an additional 4,054,993 shares during the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.
About PayPal Holdings
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
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