BMO Capital Markets began coverage on shares of Paypal (NASDAQ:PYPL) in a report released on Wednesday, The Fly reports. The brokerage issued an outperform rating and a $112.00 price target on the credit services provider’s stock.
PYPL has been the topic of several other research reports. Wedbush raised their price objective on Paypal from $90.00 to $100.00 and gave the stock an outperform rating in a research note on Friday, June 8th. Royal Bank of Canada reaffirmed a buy rating and issued a $87.00 price objective on shares of Paypal in a research note on Monday, June 18th. Loop Capital raised their price objective on Paypal to $80.00 and gave the stock a hold rating in a research note on Wednesday, June 20th. Atlantic Securities raised Paypal from a neutral rating to an overweight rating and set a $43.00 price objective on the stock in a research note on Thursday, June 21st. Finally, Bank of America reiterated a buy rating and set a $98.00 target price (up previously from $88.00) on shares of Paypal in a research report on Tuesday, June 26th. Seven investment analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $90.65.
Paypal stock opened at $89.85 on Wednesday. Paypal has a one year low of $63.11 and a one year high of $93.70. The firm has a market cap of $106.58 billion, a P/E ratio of 64.64, a price-to-earnings-growth ratio of 2.94 and a beta of 1.30.
Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 25th. The credit services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.41 by $0.17. Paypal had a return on equity of 12.91% and a net margin of 14.02%. The company had revenue of $3.86 billion for the quarter, compared to analysts’ expectations of $3.81 billion. During the same period last year, the firm posted $0.46 earnings per share. Paypal’s revenue was up 23.0% compared to the same quarter last year. research analysts predict that Paypal will post 1.73 EPS for the current fiscal year.
In other news, COO William J. Ready sold 38,878 shares of Paypal stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $88.22, for a total value of $3,429,817.16. Following the completion of the transaction, the chief operating officer now owns 119,215 shares in the company, valued at approximately $10,517,147.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel H. Schulman sold 26,000 shares of Paypal stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $82.46, for a total value of $2,143,960.00. Following the completion of the transaction, the insider now owns 338,506 shares of the company’s stock, valued at approximately $27,913,204.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,732 shares of company stock valued at $13,044,257. Company insiders own 0.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Archford Capital Strategies LLC raised its position in Paypal by 92.6% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 625 shares in the last quarter. Well Done LLC bought a new position in shares of Paypal in the 1st quarter worth $128,000. Landaas & Co. WI ADV bought a new position in shares of Paypal in the 2nd quarter worth $135,000. Adviser Investments LLC raised its position in shares of Paypal by 165.3% in the 2nd quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock worth $138,000 after acquiring an additional 1,030 shares in the last quarter. Finally, Itau Unibanco Holding S.A. raised its position in shares of Paypal by 50.8% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock worth $142,000 after acquiring an additional 580 shares in the last quarter. Hedge funds and other institutional investors own 79.59% of the company’s stock.
Paypal Company Profile
PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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