Paypal (NASDAQ:PYPL) had its target price raised by BMO Capital Markets from $80.00 to $85.00 in a research note published on Wednesday morning. The brokerage currently has an outperform rating on the credit services provider’s stock.
Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus increased their price objective on shares of Paypal from $61.00 to $70.00 and gave the stock a hold rating in a report on Sunday, October 22nd. Zacks Investment Research raised shares of Paypal from a hold rating to a buy rating and set a $80.00 price objective on the stock in a report on Thursday, October 26th. BTIG Research reissued a buy rating and set a $70.00 price objective (up previously from $63.00) on shares of Paypal in a report on Wednesday, September 6th. Mizuho reaffirmed a hold rating and issued a $50.00 target price on shares of Paypal in a research note on Sunday, October 15th. Finally, Stephens raised their target price on shares of Paypal from $65.00 to $73.00 and gave the company an overweight rating in a research note on Tuesday, October 17th. Ten analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $73.53.
Shares of Paypal (NASDAQ PYPL) traded up $1.39 during trading hours on Wednesday, reaching $75.65. 10,935,788 shares of the company’s stock were exchanged, compared to its average volume of 10,401,730. Paypal has a 12-month low of $39.02 and a 12-month high of $79.39. The company has a market cap of $90,924.49, a price-to-earnings ratio of 54.04, a P/E/G ratio of 3.10 and a beta of 1.03.
Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The company’s revenue was up 21.4% on a year-over-year basis. analysts predict that Paypal will post 1.37 earnings per share for the current fiscal year.
In other Paypal news, Director Rodney C. Adkins acquired 6,750 shares of the stock in a transaction dated Friday, December 8th. The shares were bought at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the completion of the acquisition, the director now directly owns 10,149 shares of the company’s stock, valued at $751,431.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.00% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. San Francisco Sentry Investment Group CA grew its stake in shares of Paypal by 352.8% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after buying an additional 1,217 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Paypal in the third quarter valued at $113,000. Kistler Tiffany Companies LLC grew its stake in shares of Paypal by 511.9% in the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after buying an additional 1,684 shares in the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Paypal by 171.4% in the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after buying an additional 1,808 shares in the last quarter. Finally, Thompson Davis & CO. Inc. grew its stake in shares of Paypal by 294.3% in the third quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock valued at $155,000 after buying an additional 1,807 shares in the last quarter. Institutional investors own 80.81% of the company’s stock.
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Paypal 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.
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