SunTrust Banks, Inc. Reaffirms Hold Rating for PayPal Holdings, Inc. (PYPL)

PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “hold” rating reiterated by equities research analysts at SunTrust Banks, Inc. in a note issued to investors on Friday. They currently have a $75.00 price objective on the credit services provider’s stock. SunTrust Banks, Inc.’s price objective suggests a potential upside of 11.52% from the company’s previous close.

A number of other brokerages have also commented on PYPL. TheStreet upgraded PayPal Holdings from a “c” rating to a “b-” rating in a report on Monday, July 3rd. BTIG Research upped their price target on PayPal Holdings from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, June 26th. Royal Bank Of Canada reiterated a “buy” rating and set a $52.00 price target on shares of PayPal Holdings in a report on Wednesday, July 5th. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price target for the company in a report on Tuesday, July 4th. Finally, Craig Hallum set a $65.00 price target on PayPal Holdings and gave the stock a “buy” rating in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $66.95.

Shares of PayPal Holdings (NASDAQ PYPL) opened at 67.25 on Friday. The firm has a 50-day moving average of $64.75 and a 200 day moving average of $64.75. PayPal Holdings has a 12 month low of $38.06 and a 12 month high of $69.61. The firm has a market cap of $80.86 billion, a P/E ratio of 54.23 and a beta of 0.98.

PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period in the previous year, the company earned $0.35 EPS. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. On average, equities research analysts anticipate that PayPal Holdings will post $1.84 EPS for the current fiscal year.

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In related news, Director John J. Donahoe sold 170,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the completion of the transaction, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO William J. Ready sold 90,000 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $59.25, for a total value of $5,332,500.00. Following the transaction, the chief operating officer now owns 29,252 shares of the company’s stock, valued at $1,733,181. The disclosure for this sale can be found here. Insiders sold 261,351 shares of company stock worth $15,302,809 in the last three months. Insiders own 6.00% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Guardian Life Insurance Co. of America grew its stake in PayPal Holdings by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 38 shares in the last quarter. Apriem Advisors grew its stake in PayPal Holdings by 0.6% in the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 52 shares in the last quarter. Westside Investment Management Inc. grew its stake in PayPal Holdings by 0.4% in the second quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock valued at $761,000 after purchasing an additional 60 shares in the last quarter. Sigma Planning Corp grew its stake in PayPal Holdings by 0.4% in the second quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 74 shares in the last quarter. Finally, Train Babcock Advisors LLC grew its stake in PayPal Holding

A number of other brokerages have also commented on PYPL. TheStreet upgraded PayPal Holdings from a “c” rating to a “b-” rating in a report on Monday, July 3rd. BTIG Research upped their price target on PayPal Holdings from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, June 26th. Royal Bank Of Canada reiterated a “buy” rating and set a $52.00 price target on shares of PayPal Holdings in a report on Wednesday, July 5th. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $55.01 price target for the company in a report on Tuesday, July 4th. Finally, Craig Hallum set a $65.00 price target on PayPal Holdings and gave the stock a “buy” rating in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-two have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $66.95.

Shares of PayPal Holdings (NASDAQ PYPL) opened at 67.25 on Friday. The firm has a 50-day moving average of $64.75 and a 200 day moving average of $64.75. PayPal Holdings has a 12 month low of $38.06 and a 12 month high of $69.61. The firm has a market cap of $80.86 billion, a P/E ratio of 54.23 and a beta of 0.98.

PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period in the previous year, the company earned $0.35 EPS. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. On average, equities research analysts anticipate that PayPal Holdings will post $1.84 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “SunTrust Banks, Inc. Reaffirms Hold Rating for PayPal Holdings, Inc. (PYPL)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/20/suntrust-banks-inc-reaffirms-hold-rating-for-paypal-holdings-inc-pypl.html.

In related news, Director John J. Donahoe sold 170,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the completion of the transaction, the director now directly owns 124,516 shares in the company, valued at $7,244,340.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO William J. Ready sold 90,000 shares of the stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $59.25, for a total value of $5,332,500.00. Following the transaction, the chief operating officer now owns 29,252 shares of the company’s stock, valued at $1,733,181. The disclosure for this sale can be found here. Insiders sold 261,351 shares of company stock worth $15,302,809 in the last three months. Insiders own 6.00% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Guardian Life Insurance Co. of America grew its stake in PayPal Holdings by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 38 shares in the last quarter. Apriem Advisors grew its stake in PayPal Holdings by 0.6% in the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 52 shares in the last quarter. Westside Investment Management Inc. grew its stake in PayPal Holdings by 0.4% in the second quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock valued at $761,000 after purchasing an additional 60 shares in the last quarter. Sigma Planning Corp grew its stake in PayPal Holdings by 0.4% in the second quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after purchasing an additional 74 shares in the last quarter. Finally, Train Babcock Advisors LLC grew its stake in PayPal Holdings by 1.6% in the second quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock valued at $292,000 after purchasing an additional 86 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

PayPal Holdings Company Profile

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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