PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “outperform” rating restated by equities researchers at Credit Suisse Group in a research report issued to clients and investors on Friday.
A number of other equities research analysts also recently weighed in on PYPL. Vetr downgraded PayPal Holdings from a “hold” rating to a “sell” rating and set a $56.88 price objective on the stock. in a report on Monday, July 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $68.00 price objective (up from $61.00) on shares of PayPal Holdings in a report on Monday, July 24th. BTIG Research reissued a “buy” rating and issued a $63.00 target price on shares of PayPal Holdings in a report on Monday, July 24th. Deutsche Bank AG boosted their target price on PayPal Holdings from $61.00 to $64.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Nomura boosted their target price on PayPal Holdings from $57.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Eleven research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the stock. PayPal Holdings presently has a consensus rating of “Buy” and a consensus price target of $72.18.
PayPal Holdings (NASDAQ:PYPL) traded down $1.82 during midday trading on Friday, reaching $75.88. The company’s stock had a trading volume of 5,380,000 shares, compared to its average volume of 9,420,000. The firm has a market capitalization of $91,200.00 and a P/E ratio of 52.45. PayPal Holdings has a 12 month low of $38.06 and a 12 month high of $78.01.
PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 earnings per share. equities analysts predict that PayPal Holdings will post 1.37 earnings per share for the current fiscal year.
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Several institutional investors have recently bought and sold shares of PYPL. Rhumbline Advisers raised its holdings in shares of PayPal Holdings by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock valued at $99,318,000 after purchasing an additional 17,139 shares during the period. Fundsmith LLP raised its holdings in shares of PayPal Holdings by 6.8% in the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock valued at $754,131,000 after purchasing an additional 889,976 shares during the period. Shikiar Asset Management Inc. raised its holdings in shares of PayPal Holdings by 2,671.9% in the 2nd quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock valued at $7,587,000 after purchasing an additional 136,265 shares during the period. Smith Asset Management Group LP bought a new stake in shares of PayPal Holdings in the 2nd quarter valued at about $50,648,000. Finally, Mn Services Vermogensbeheer B.V. raised its holdings in shares of PayPal Holdings by 0.7% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 188,272 shares of the credit services provider’s stock valued at $12,055,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 83.08% 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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