Shares of Paypal Holdings Inc (NASDAQ:PYPL) have been assigned an average rating of “Buy” from the thirty-seven analysts that are covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $112.09.
PYPL has been the subject of several recent analyst reports. Wedbush restated an “outperform” rating on shares of Alphabet in a report on Thursday, April 25th. SunTrust Banks reiterated a “hold” rating and set a $44.00 price objective on shares of Shutterstock in a report on Thursday, April 25th. Bank of America set a $10.00 price objective on HEXO and gave the stock a “buy” rating in a report on Thursday, June 13th. Cantor Fitzgerald reiterated a “buy” rating and set a $60.00 price objective on shares of Benefitfocus in a report on Wednesday, May 1st. Finally, Deutsche Bank increased their price objective on Facebook from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday.
Paypal stock traded down $0.90 on Friday, reaching $118.81. The company’s stock had a trading volume of 4,599,044 shares, compared to its average volume of 6,609,648. Paypal has a twelve month low of $74.66 and a twelve month high of $121.48. The stock has a market capitalization of $140.85 billion, a P/E ratio of 66.37, a price-to-earnings-growth ratio of 2.91 and a beta of 0.98. The company’s fifty day moving average is $115.26.
Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.11. Paypal had a return on equity of 15.50% and a net margin of 13.92%. The firm had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, equities research analysts anticipate that Paypal will post 2.32 earnings per share for the current year.
In related news, COO William J. Ready sold 46,038 shares of Paypal stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $108.77, for a total transaction of $5,007,553.26. Following the completion of the sale, the chief operating officer now directly owns 88,098 shares of the company’s stock, valued at approximately $9,582,419.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Jonathan Auerbach sold 8,730 shares of Paypal stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $113.80, for a total value of $993,474.00. Following the sale, the executive vice president now directly owns 120,470 shares of the company’s stock, valued at $13,709,486. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 180,714 shares of company stock valued at $19,911,348. Insiders own 0.15% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Paypal by 3.8% during the 1st quarter. FMR LLC now owns 82,843,184 shares of the credit services provider’s stock worth $8,602,436,000 after buying an additional 3,002,568 shares during the period. Fundsmith LLP lifted its holdings in Paypal by 0.9% during the 1st quarter. Fundsmith LLP now owns 15,338,423 shares of the credit services provider’s stock worth $1,592,742,000 after buying an additional 136,213 shares during the period. Geode Capital Management LLC lifted its holdings in Paypal by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 14,422,120 shares of the credit services provider’s stock worth $1,210,539,000 after buying an additional 851,398 shares during the period. Northern Trust Corp lifted its holdings in Paypal by 2.6% during the 4th quarter. Northern Trust Corp now owns 13,371,403 shares of the credit services provider’s stock worth $1,124,402,000 after buying an additional 338,772 shares during the period. Finally, Norges Bank acquired a new position in Paypal during the 4th quarter worth about $906,735,000. 80.88% of the stock is owned by institutional investors and hedge funds.
PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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