Paypal (NASDAQ:PYPL) had its price objective increased by investment analysts at BMO Capital Markets from $85.00 to $89.00 in a research note issued to investors on Thursday, February 1st. The brokerage presently has a “buy” rating on the credit services provider’s stock. BMO Capital Markets’ target price suggests a potential upside of 19.06% from the company’s current price.
PYPL has been the subject of several other reports. Zacks Investment Research cut shares of Paypal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 25th. BidaskClub cut shares of Paypal from a “strong-buy” rating to a “buy” rating in a report on Monday, December 25th. Morgan Stanley raised their target price on shares of Paypal from $76.00 to $77.00 and gave the stock an “overweight” rating in a report on Friday, October 20th. Goldman Sachs Group reiterated a “buy” rating and issued a $90.00 target price (up from $80.00) on shares of Paypal in a report on Thursday, December 21st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $80.00 target price (up from $65.00) on shares of Paypal in a report on Friday, October 20th. Nine equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $77.04.
Paypal (PYPL) traded up $2.43 during trading hours on Thursday, hitting $74.75. 13,466,714 shares of the stock traded hands, compared to its average volume of 11,110,000. Paypal has a one year low of $40.56 and a one year high of $86.32. The company has a market cap of $89,840.00 and a price-to-earnings ratio of 50.85.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Paypal had a net margin of 13.71% and a return on equity of 11.59%. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the firm posted $0.42 EPS. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. equities analysts forecast that Paypal will post 1.75 earnings per share for the current year.
In other news, CFO John D. Rainey sold 50,977 shares of Paypal stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $77.68, for a total value of $3,959,893.36. Following the transaction, the chief financial officer now owns 114,020 shares of the company’s stock, valued at $8,857,073.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO William J. Ready sold 60,000 shares of Paypal stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $77.68, for a total transaction of $4,660,800.00. Following the completion of the transaction, the chief operating officer now directly owns 95,944 shares in the company, valued at approximately $7,452,929.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,344 shares of company stock worth $9,818,481. Insiders own 6.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in PYPL. 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 worth $100,000 after acquiring an additional 1,217 shares during the last quarter. Arcadia Investment Management Corp MI grew its stake in shares of Paypal by 230.4% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock worth $106,000 after acquiring an additional 1,000 shares during the last quarter. Front Row Advisors LLC acquired a new stake in shares of Paypal in the fourth quarter worth $111,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Paypal in the third quarter worth $113,000. Finally, D Orazio & Associates Inc. grew its stake in shares of Paypal by 142.9% in the fourth quarter. D Orazio & Associates Inc. now owns 1,700 shares of the credit services provider’s stock worth $125,000 after acquiring an additional 1,000 shares during the last quarter. 82.46% of the stock is currently owned by institutional investors.
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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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