PayPal Holdings, Inc. (PYPL) Stock Rating Reaffirmed by Credit Suisse Group

PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “outperform” rating reissued by analysts at Credit Suisse Group in a research report issued to clients and investors on Tuesday. They presently have a $70.00 price target on the credit services provider’s stock, up from their prior price target of $63.00. Credit Suisse Group’s price objective points to a potential upside of 5.69% from the stock’s previous close.

PYPL has been the subject of several other reports. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 target price for the company in a research note on Tuesday, July 4th. Oppenheimer Holdings, Inc. upped their target price on shares of PayPal Holdings from $50.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Cowen and Company reiterated a “market perform” rating and set a $52.00 target price (up from $48.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $52.00 target price on shares of PayPal Holdings in a research note on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $70.00 target price on shares of PayPal Holdings in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $63.00.

Shares of PayPal Holdings (NASDAQ:PYPL) opened at 66.23 on Tuesday. The stock has a 50 day moving average of $63.75 and a 200 day moving average of $63.75. The company has a market cap of $79.63 billion, a P/E ratio of 53.41 and a beta of 0.98. PayPal Holdings has a 52-week low of $38.06 and a 52-week high of $66.55.

PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.14 billion during 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%. PayPal Holdings’s quarterly 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 EPS. On average, equities analysts anticipate that PayPal Holdings will post $1.84 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “PayPal Holdings, Inc. (PYPL) Stock Rating Reaffirmed by Credit Suisse Group” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/10/paypal-holdings-inc-pypl-stock-rating-reaffirmed-by-credit-suisse-group.html.

In other news, Director John J. Donahoe sold 170,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the transaction, the director now owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total transaction of $79,709.00. Following the completion of the transaction, the executive vice president now directly owns 37,492 shares in the company, valued at approximately $2,212,028. The disclosure for this sale can be found here. Insiders sold a total of 261,351 shares of company stock worth $15,302,809 in the last ninety days. Insiders own 6.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of PYPL. Schnieders Capital Management LLC boosted its stake in shares of PayPal Holdings by 3.6% in the 1st quarter. Schnieders Capital Management LLC now owns 7,945 shares of the credit services provider’s stock valued at $342,000 after purchasing an additional 275 shares during the last quarter. Pioneer Investment Management Inc. boosted its stake in shares of PayPal Holdings by 1.4% in the 1st quarter. Pioneer Investment Management Inc. now owns 261,325 shares of the credit services provider’s stock valued at $11,243,000 after purchasing an additional 3,628 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in shares of PayPal Holdings by 3.9% in the 1st quarter. State of Wisconsin Investment Board now owns 947,967 shares of the credit services provider’s stock valued at $40,782,000 after purchasing an additional 35,512 shares during the last quarter. Thompson Davis & CO. Inc. boosted its stake in shares of PayPal Holdings by 36.7% in the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after purchas

PYPL has been the subject of several other reports. Vetr upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 target price for the company in a research note on Tuesday, July 4th. Oppenheimer Holdings, Inc. upped their target price on shares of PayPal Holdings from $50.00 to $65.00 and gave the company an “outperform” rating in a research note on Thursday, July 27th. Cowen and Company reiterated a “market perform” rating and set a $52.00 target price (up from $48.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $52.00 target price on shares of PayPal Holdings in a research note on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $70.00 target price on shares of PayPal Holdings in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $63.00.

Shares of PayPal Holdings (NASDAQ:PYPL) opened at 66.23 on Tuesday. The stock has a 50 day moving average of $63.75 and a 200 day moving average of $63.75. The company has a market cap of $79.63 billion, a P/E ratio of 53.41 and a beta of 0.98. PayPal Holdings has a 52-week low of $38.06 and a 52-week high of $66.55.

PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.14 billion during 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%. PayPal Holdings’s quarterly 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 EPS. On average, equities analysts anticipate that PayPal Holdings will post $1.84 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “PayPal Holdings, Inc. (PYPL) Stock Rating Reaffirmed by Credit Suisse Group” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://ledgergazette.com/2017/10/10/paypal-holdings-inc-pypl-stock-rating-reaffirmed-by-credit-suisse-group.html.

In other news, Director John J. Donahoe sold 170,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the transaction, the director now owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total transaction of $79,709.00. Following the completion of the transaction, the executive vice president now directly owns 37,492 shares in the company, valued at approximately $2,212,028. The disclosure for this sale can be found here. Insiders sold a total of 261,351 shares of company stock worth $15,302,809 in the last ninety days. Insiders own 6.00% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of PYPL. Schnieders Capital Management LLC boosted its stake in shares of PayPal Holdings by 3.6% in the 1st quarter. Schnieders Capital Management LLC now owns 7,945 shares of the credit services provider’s stock valued at $342,000 after purchasing an additional 275 shares during the last quarter. Pioneer Investment Management Inc. boosted its stake in shares of PayPal Holdings by 1.4% in the 1st quarter. Pioneer Investment Management Inc. now owns 261,325 shares of the credit services provider’s stock valued at $11,243,000 after purchasing an additional 3,628 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in shares of PayPal Holdings by 3.9% in the 1st quarter. State of Wisconsin Investment Board now owns 947,967 shares of the credit services provider’s stock valued at $40,782,000 after purchasing an additional 35,512 shares during the last quarter. Thompson Davis & CO. Inc. boosted its stake in shares of PayPal Holdings by 36.7% in the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock valued at $104,000 after purchasing an additional 649 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of PayPal Holdings by 2.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 137,356 shares of the credit services provider’s stock valued at $5,909,000 after purchasing an additional 2,983 shares during the last quarter. 82.47% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for PayPal Holdings (NASDAQ:PYPL)

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