PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “market perform” rating reissued by analysts at Sanford C. Bernstein in a report issued on Sunday. They currently have a $44.00 price target on the stock. Sanford C. Bernstein’s price objective indicates a potential upside of 9.26% from the company’s previous close.
Several other brokerages have also issued reports on PYPL. Jefferies Group LLC reiterated a “buy” rating on shares of PayPal Holdings in a research note on Friday. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $45.72 price target on the stock in a research note on Tuesday, October 25th. Evercore ISI initiated coverage on PayPal Holdings in a research report on Tuesday, October 18th. They set a “buy” rating and a $46.00 price objective on the stock. Cantor Fitzgerald restated a “positive” rating and set a $48.00 price objective on shares of PayPal Holdings in a research report on Monday, January 23rd. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $45.00 price objective on shares of PayPal Holdings in a research report on Wednesday, October 12th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $46.06.
PayPal Holdings (NASDAQ:PYPL) traded down 2.96% during trading on Friday, reaching $40.27. The company’s stock had a trading volume of 22,749,197 shares. The stock has a market cap of $47.52 billion, a price-to-earnings ratio of 35.02 and a beta of 0.91. PayPal Holdings has a 52-week low of $31.64 and a 52-week high of $44.52. The firm has a 50 day moving average price of $40.53 and a 200-day moving average price of $39.68.
PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, January 26th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. PayPal Holdings had a return on equity of 10.85% and a net margin of 12.92%. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the company posted $0.36 EPS. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, analysts expect that PayPal Holdings will post $1.72 earnings per share for the current year.
In related news, EVP Gary J. Marino sold 1,729 shares of the stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $39.29, for a total value of $67,932.41. Following the sale, the executive vice president now owns 44,802 shares in the company, valued at $1,760,270.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO William J. Ready sold 50,000 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $41.72, for a total value of $2,086,000.00. Following the completion of the sale, the chief operating officer now owns 59,999 shares in the company, valued at approximately $2,503,158.28. The disclosure for this sale can be found here. Insiders sold 83,141 shares of company stock worth $3,468,052 in the last quarter. 7.00% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. American Century Companies Inc. increased its stake in shares of PayPal Holdings by 5.7% in the second quarter. American Century Companies Inc. now owns 514,502 shares of the company’s stock worth $18,784,000 after buying an additional 27,712 shares during the period. First Midwest Bank Trust Division acquired a new stake in shares of PayPal Holdings during the second quarter worth about $227,000. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of PayPal Holdings during the second quarter worth about $132,000. ING Groep NV increased its stake in shares of PayPal Holdings by 373.5% in the second quarter. ING Groep NV now owns 165,308 shares of the company’s stock worth $6,037,000 after buying an additional 130,393 shares during the period. Finally, First National Trust Co. increased its stake in shares of PayPal Holdings by 57.6% in the second quarter. First National Trust Co. now owns 15,364 shares of the company’s stock worth $561,000 after buying an additional 5,615 shares during the period. Institutional investors own 80.73% of the company’s stock.
PayPal Holdings Company Profile
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.