Cantor Fitzgerald restated their overweight rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a report issued on Friday, July 28th, MarketBeat.com reports. Cantor Fitzgerald currently has a $70.00 price objective on the credit services provider’s stock.
Other equities research analysts also recently issued reports about the stock. TheStreet raised shares of PayPal Holdings from a c rating to a b- rating in a report on Monday, July 3rd. Stifel Nicolaus restated a buy rating and issued a $49.00 price objective on shares of PayPal Holdings in a research report on Sunday, April 23rd. Jefferies Group LLC reaffirmed a buy rating and issued a $52.00 target price on shares of PayPal Holdings in a research note on Wednesday, April 19th. Monness Crespi & Hardt increased their price objective on PayPal Holdings from $50.00 to $54.00 and gave the company a buy rating in a research note on Thursday, April 27th. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $48.00 price target on shares of PayPal Holdings in a research note on Tuesday, April 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the company’s stock. PayPal Holdings currently has a consensus rating of Buy and an average target price of $59.49.
PayPal Holdings (NASDAQ:PYPL) traded up 1.29% during trading on Friday, reaching $59.62. 5,888,220 shares of the company were exchanged. The stock has a market capitalization of $71.69 billion, a price-to-earnings ratio of 48.08 and a beta of 0.99. PayPal Holdings has a one year low of $36.28 and a one year high of $61.30. The firm’s 50 day moving average price is $55.57 and its 200-day moving average price is $47.60.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 earnings per share. On average, equities research analysts predict that PayPal Holdings will post $1.84 earnings per share for the current year.
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PayPal Holdings announced that its board has initiated a stock repurchase program on Wednesday, April 26th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the credit services provider to buy up to 9.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other news, EVP Gary J. Marino sold 1,350 shares of PayPal Holdings stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $52.48, for a total value of $70,848.00. Following the completion of the sale, the executive vice president now directly owns 37,491 shares of the company’s stock, valued at $1,967,527.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total value of $79,709.00. Following the completion of the transaction, the executive vice president now owns 37,492 shares of the company’s stock, valued at $2,212,028. The disclosure for this sale can be found here. In the last three months, insiders have sold 95,852 shares of company stock valued at $5,653,198. 6.00% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in PYPL. Thompson Davis & CO. Inc. increased its stake in shares of PayPal Holdings by 36.7% in the first quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after buying an additional 649 shares during the period. Crestwood Advisors Group LLC acquired a new stake in shares of PayPal Holdings during the first quarter worth about $106,000. Carroll Financial Associates Inc. increased its stake in shares of PayPal Holdings by 41.7% in the first quarter. Carroll Financial Associates Inc. now owns 2,516 shares of the credit services provider’s stock worth $108,000 after buying an additional 740 shares during the period. Stelac Advisory Services LLC acquired a new stake in shares of PayPal Holdings during the first quarter worth about $119,000. Finally, West Oak Capital LLC increased its stake in shares of PayPal Holdings by 23.9% in the first quarter. West Oak Capital LLC now owns 2,850 shares of the credit services provider’s stock worth $123,000 after buying an additional 550 shares during the period. 81.31% of the stock is owned by institutional investors.
PayPal Holdings Company Profile
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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