PayPal Holdings, Inc. (PYPL) - Barclays Maintains Rating And Raises Price Target

Paypal earnings

Recent session action on shares of PayPal Holdings, Inc.

PayPal's popular social payments app, Venmo, now locked in a battle with United States banks for market share, reported $9.4 billion of payment volume, an increase of 93% year over year, as well as its largest quarter of customer acquisition. The firm purchased 24,440 shares of the credit services provider's stock, valued at approximately $1,312,000. The most recent shifts in number of shares owned by institutions came on June 30, 2017 when Geode Capital Management, Llc sold 28 shares from its total ownership of 2661. Share performance for the month is now at 3.88%.

Neville Rodie & Shaw Inc. decreased its position in PayPal Holdings, Inc. Balentine LLC now owns 3,494 shares of the credit services provider's stock worth $150,000 after purchasing an additional 780 shares during the last quarter. PayPal Holdings accounts for 1.7% of Neville Rodie & Shaw Inc.'s investment portfolio, making the stock its 8th biggest holding. Finally, Clifford Swan Investment Counsel LLC grew its holdings in PayPal Holdings by 2.2% in the 1st quarter. Following the sale, the chief operating officer now owns 29,252 shares of the company's stock, valued at approximately $1,733,181.

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A number of brokerages have recently commented on PYPL.

Shares of PayPal Holdings (NASDAQ:PYPL) opened at 67.25 on Monday. October 20 investment analysts at BTIG Research kept the company rating at "Market Perform" and raised the price target to $70.00 from $48.00. Argus Research initiated it with "Buy" rating and $42 target in Wednesday, September 2 report.

On October 11 Barclays held the company rating at "Overweight" and raised the price target to $75.00 from $69.00.

Analysts have a mean recommendation of 1.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). PayPal Holdings now has an average rating of "Buy" and a consensus target price of $65.92.

In other PayPal Holdings news, Director John J. Donahoe sold 170,000 shares of the stock in a transaction on Thursday, August 10th. About 596,571 shares traded.

The company's shares rose 4.3% to US$70.18 in extended trading after closing barely changed at US$67.25. The stock has a market cap of $85.10 billion, a P/E ratio of 57.080 and a beta of 0.98.

The company has a one-year high of $71.73 and a one-year low of $38.06. The 50 day moving average moved up $5.54 and the 200 day average went up $5.54 or +8.5625%. Oppenheimer Holdings, Inc. raised their target price on shares of PayPal Holdings from $50.00 to $65.00 and gave the company an "outperform" rating in a research report on Thursday, July 27th. After $-0.10 actual earnings per share reported by Imperva Inc for the previous quarter, Wall Street now forecasts 130.00% negative EPS growth. Analysts on average estimated profit of 44 cents on revenue of $3.18 billion.

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