PayPal Holdings, Inc. (NASDAQ:PYPL) Receives Average Analyst Rating of “Moderate Buy”
PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) received an average recommendation of “moderate buy” from the forty-nine brokerages that cover the company, reports Marketbeat Ratings. One equity research analyst rated the stock with a sell recommendation, eleven gave the company a hold recommendation and twenty-one gave the company a buy recommendation. The 12-month average price target among brokers who have quoted the stock over the past year is $132.95.
Several stock analysts have weighed in on the company. Wells Fargo & Company raised its price target on PayPal from $97.00 to $123.00 and gave the company an “overweight” rating in a Wednesday, Aug. 3 report. BMO Capital Markets raised its price target on PayPal from $114.00 to $124.00 and gave the stock an “outperform” rating in a Thursday, Aug. 4 research report. Keefe, Bruyette & Woods reduced their price target on PayPal from $108.00 to $98.00 in a Monday, July 11 research report. Mizuho cut its PayPal price target from $120.00 to $118.00 and set a “buy” rating on the stock in a Monday, August 8 research report. Finally, Credit Suisse Group raised its target price on PayPal from $95.00 to $110.00 and gave the company an “outperforming” rating in a Wednesday, Aug. 3 research report.
Insider buying and selling
In a similar vein, Executive Vice President Peggy Alford sold 21,791 shares of the company in a trade dated Thursday, August 4. The stock was sold at an average price of $97.82, for a total value of $2,131,595.62. Following the sale, the executive vice president now directly owns 18,100 shares of the company, valued at $1,770,542. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. 0.13% of the shares are held by insiders.
PayPal Institutional Commerce
Several large investors have recently bought and sold shares of PYPL. Lee Financial Co increased its position in PayPal by 60.4% during the 2nd quarter. Lee Financial Co now owns 361 shares of the credit service provider valued at $25,000 after acquiring 136 more shares last quarter. Oliver Lagore Vanvalin Investment Group bought a new position in PayPal shares during the first quarter worth about $28,000. New Millennium Group LLC bought a new stock position in PayPal during the second quarter valued at around $30,000. Financial Management Professionals Inc. increased its holdings of PayPal stock by 272.5% in the second quarter. Financial Management Professionals Inc. now owns 447 shares of the credit service provider valued at $31,000 after buying 327 additional shares in the last quarter. Finally, Addison Advisors LLC increased its equity stake in PayPal by 100.7% during the first quarter. Addison Advisors LLC now owns 279 shares of the credit service provider valued at $32,000 after buying an additional 140 shares in the last quarter. 70.67% of the shares are held by institutional investors.
PayPal down 1.7%
The NASDAQ PYPL opened at $91.13 on Friday. The company has a market capitalization of $105.39 billion, a P/E ratio of 52.37, a P/E/G ratio of 2.07 and a beta of 1.49. The company has a debt ratio of 0.52, a current ratio of 1.23 and a quick ratio of 1.23. The stock’s 50-day moving average is $85.10 and its 200-day moving average is $91.94. PayPal has a one-year minimum of $67.58 and a one-year maximum of $296.70.
PayPal (NASDAQ:PYPL – Get Rating) last released its quarterly results on Tuesday, August 2. The credit services provider reported earnings per share of $0.65 for the quarter, beating consensus analyst estimates of $0.54 by $0.11. The company posted revenue of $6.81 billion in the quarter, versus a consensus estimate of $6.76 billion. PayPal had a return on equity of 16.79% and a net margin of 7.79%. Sell-side analysts expect PayPal to post earnings per share of 2.86 for the current fiscal year.
PayPal Company Profile
(Get a rating)
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the names PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey and Paidy. The company’s payment platform enables consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and store balances in their PayPal accounts in 25 currencies.
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