PayPal Holdings’ (PYPL) Hold Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity restated their hold rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a report published on Thursday morning. The firm currently has a $66.00 price objective on the credit services provider’s stock.

Several other equities analysts have also commented on PYPL. Vetr upgraded shares of PayPal Holdings from a hold rating to a buy rating and set a $60.76 price target for the company in a research report on Thursday, August 10th. Robert W. Baird restated an outperform rating and set a $65.00 price target (up previously from $59.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Goldman Sachs Group, Inc. (The) restated a conviction-buy rating and set a $72.00 price target (up previously from $60.00) on shares of PayPal Holdings in a research report on Thursday, July 27th. Susquehanna Bancshares Inc restated a positive rating and set a $75.00 price target (up previously from $67.00) on shares of PayPal Holdings in a research report on Friday, September 29th. Finally, Sanford C. Bernstein restated an outperform rating and set a $66.00 price target on shares of PayPal Holdings in a research report on Wednesday, September 27th. Eleven analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $72.43.

PayPal Holdings (PYPL) traded down $1.32 during trading on Thursday, hitting $76.38. 11,878,047 shares of the stock traded hands, compared to its average volume of 7,638,537. The company has a market capitalization of $93,390.00 and a price-to-earnings ratio of 53.21. PayPal Holdings has a fifty-two week low of $38.06 and a fifty-two week high of $78.01.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The company’s quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. equities analysts predict that PayPal Holdings will post 1.37 earnings per share for the current year.

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A number of large investors have recently added to or reduced their stakes in PYPL. Cleararc Capital Inc. increased its holdings in PayPal Holdings by 0.8% in the first quarter. Cleararc Capital Inc. now owns 27,474 shares of the credit services provider’s stock worth $1,182,000 after buying an additional 224 shares during the last quarter. Edgewood Management LLC increased its holdings in PayPal Holdings by 3.7% in the first quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock worth $798,817,000 after buying an additional 663,087 shares during the last quarter. Apertura Capital LLC increased its holdings in PayPal Holdings by 16.7% in the first quarter. Apertura Capital LLC now owns 175,000 shares of the credit services provider’s stock worth $7,529,000 after buying an additional 25,000 shares during the last quarter. Balentine LLC increased its holdings in PayPal Holdings by 28.7% in the first quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after buying an additional 780 shares during the last quarter. Finally, Primecap Management Co. CA increased its holdings in PayPal Holdings by 3.0% in the first quarter. Primecap Management Co. CA now owns 4,957,900 shares of the credit services provider’s stock worth $213,289,000 after buying an additional 144,200 shares during the last quarter. Hedge funds and other institutional investors own 83.08% 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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