Paypal (PYPL) Price Target Raised to $82.00 at Nomura
Paypal (NASDAQ:PYPL) had its price target boosted by analysts at Nomura from $79.00 to $82.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the credit services provider’s stock. Nomura’s target price would indicate a potential upside of 9.79% from the stock’s current price.
A number of other analysts have also commented on PYPL. BMO Capital Markets lifted their target price on Paypal from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday. Vetr lowered Paypal from a “strong-buy” rating to a “buy” rating and set a $80.71 target price for the company. in a report on Wednesday, December 6th. Credit Suisse Group reissued a “buy” rating and issued a $85.00 target price on shares of Paypal in a report on Tuesday, December 5th. KeyCorp reissued a “buy” rating and issued a $90.00 target price on shares of Paypal in a report on Friday, December 1st. Finally, Bank of America reissued a “buy” rating and issued a $88.00 target price (up previously from $80.00) on shares of Paypal in a report on Friday, December 1st. Ten analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company. Paypal presently has an average rating of “Buy” and a consensus price target of $73.53.
Shares of Paypal (PYPL) traded up $1.07 during trading hours on Wednesday, reaching $74.69. The company’s stock had a trading volume of 1,793,336 shares, compared to its average volume of 7,886,361. The stock has a market capitalization of $88,480.00 and a PE ratio of 52.35. Paypal has a 1-year low of $39.02 and a 1-year high of $79.39.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The firm’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. equities analysts predict that Paypal will post 1.37 EPS for the current fiscal year.
In related news, Director Rodney C. Adkins purchased 6,750 shares of the business’s stock in a transaction on Friday, December 8th. The stock was acquired at an average price of $74.04 per share, with a total value of $499,770.00. Following the completion of the acquisition, the director now owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in PYPL. FMR LLC grew its holdings in Paypal by 36.1% during 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 period. Jennison Associates LLC bought a new stake in Paypal during the third quarter valued at about $481,937,000. Harding Loevner LP grew its holdings in Paypal by 86.1% during the third quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock valued at $381,030,000 after purchasing an additional 5,253,746 shares during the period. Capital World Investors grew its holdings in Paypal by 313.5% during 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 period. Finally, Janus Henderson Group PLC lifted its position in shares of Paypal 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 acquiring an additional 4,444,097 shares in the last quarter. 80.81% of the stock is owned by institutional investors and hedge funds.
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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