PayPal Holdings, Inc. (PYPL) Stock Rating Reaffirmed by KeyCorp
PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “overweight” rating reissued by KeyCorp in a report issued on Wednesday. They currently have a $75.00 target price on the credit services provider’s stock, up from their prior target price of $70.00. KeyCorp’s target price would indicate a potential upside of 11.52% from the company’s previous close.
A number of other equities analysts also recently commented on PYPL. Mizuho reaffirmed a “hold” rating and set a $50.00 target price on shares of PayPal Holdings in a research note on Sunday, October 15th. Craig Hallum reaffirmed a “buy” rating and set a $83.00 target price (up from $67.00) on shares of PayPal Holdings in a research note on Tuesday. Stifel Nicolaus set a $70.00 price target on shares of PayPal Holdings and gave the company a “hold” rating in a research note on Monday. Vetr raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price target on the stock in a research note on Thursday, August 10th. Finally, Piper Jaffray Companies reissued a “neutral” rating and issued a $68.00 price target (up from $57.00) on shares of PayPal Holdings in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $68.64.
Shares of PayPal Holdings (NASDAQ PYPL) traded up 4.80% during trading on Wednesday, reaching $70.48. 18,154,288 shares of the company traded hands. The firm has a 50 day moving average of $64.75 and a 200 day moving average of $64.75. The stock has a market capitalization of $84.74 billion, a PE ratio of 56.84 and a beta of 0.98. PayPal Holdings has a 52 week low of $38.06 and a 52 week high of $71.73.
PayPal Holdings (NASDAQ:PYPL) last issued its earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the previous year, the firm earned $0.35 earnings per share. PayPal Holdings’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, equities analysts predict that PayPal Holdings will post $1.84 EPS for the current year.
In related news, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the sale, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total transaction of $79,709.00. Following the sale, the executive vice president now owns 37,492 shares in the company, valued at $2,212,028. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 261,351 shares of company stock worth $15,302,809. Company insiders own 6.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of PYPL. BlackRock Inc. raised its stake in shares of PayPal Holdings by 2,792.8% during 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 in the last quarter. FMR LLC raised its position 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 worth $4,415,371,000 after acquiring an additional 21,814,940 shares in the last quarter. Capital World Investors raised its position 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 worth $330,127,000 after acquiring an additional 4,663,337 shares in the last quarter. Janus Henderson Group PLC raised its position 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 worth $260,921,000 after acquiring an additional 4,444,097 shares in the last quarter. Finally, American Century Companies Inc. raised its position 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 worth $433,688,000 after acquiring an additional 4,054,993 shares in the last quarter. Institutional investors and hedge funds 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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