Paypal (NASDAQ:PYPL) had its price target upped by Jefferies Financial Group from $125.00 to $140.00 in a research note released on Thursday, BenzingaRatingsTable reports. The firm currently has a buy rating on the credit services provider’s stock. Jefferies Financial Group also issued estimates for Paypal’s Q2 2019 earnings at $0.65 EPS and FY2019 earnings at $2.38 EPS.
Other analysts have also recently issued research reports about the company. Robert W. Baird increased their price objective on Facebook from $195.00 to $215.00 and gave the stock an outperform rating in a report on Thursday, April 25th. SunTrust Banks reissued a hold rating and set a $44.00 price objective on shares of Shutterstock in a report on Thursday, April 25th. Nomura increased their price objective on Visa from $175.00 to $178.00 and gave the stock a buy rating in a report on Thursday, April 25th. Barclays set a $24.00 price objective on Tenet Healthcare and gave the stock a hold rating in a report on Wednesday, April 17th. Finally, Royal Bank of Canada reissued a sell rating and set a $7.50 price objective on shares of Deutsche Bank in a report on Thursday, April 25th. Ten investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $113.83.
PYPL stock opened at $118.63 on Thursday. The company has a market cap of $139.38 billion, a P/E ratio of 66.27, a price-to-earnings-growth ratio of 2.91 and a beta of 0.98. Paypal has a fifty-two week low of $74.66 and a fifty-two week high of $121.48. The business’s fifty day moving average price is $115.76.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.11. The company had revenue of $4.13 billion during the quarter, compared to the consensus estimate of $4.13 billion. Paypal had a return on equity of 15.50% and a net margin of 13.92%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 EPS. On average, sell-side analysts predict that Paypal will post 2.28 EPS for the current fiscal year.
In other Paypal news, COO William J. Ready sold 46,038 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $108.77, for a total value of $5,007,553.26. Following the sale, the chief operating officer now 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 this hyperlink. Also, EVP Jonathan Auerbach sold 8,730 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $113.80, for a total value of $993,474.00. Following the completion of the sale, the executive vice president now directly owns 120,470 shares in the company, valued at approximately $13,709,486. The disclosure for this sale can be found here. In the last ninety days, insiders sold 180,714 shares of company stock worth $19,911,348. Insiders own 0.15% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in PYPL. Sound View Wealth Advisors LLC acquired a new stake in shares of Paypal in the fourth quarter worth $202,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Paypal by 9.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 52,575 shares of the credit services provider’s stock worth $4,421,000 after buying an additional 4,375 shares during the last quarter. Korea Investment CORP lifted its stake in shares of Paypal by 4.7% in the fourth quarter. Korea Investment CORP now owns 1,119,700 shares of the credit services provider’s stock worth $94,156,000 after buying an additional 50,100 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in shares of Paypal by 9.0% in the fourth quarter. Commonwealth Bank of Australia now owns 2,112 shares of the credit services provider’s stock worth $175,000 after buying an additional 174 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Paypal by 0.7% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 371,145 shares of the credit services provider’s stock valued at $31,210,000 after purchasing an additional 2,636 shares during the last quarter. 80.88% of the stock is currently owned by institutional investors.
Paypal Company Profile
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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