Brokerage firm Wells Fargo Downgrades its rating on Paypal Holdings Inc(NASDAQ:PYPL). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Wells Fargo was issued on Jul 22, 2016.
In a different note, On Jul 22, 2016, Credit Suisse said it Maintains its rating on Paypal Holdings Inc. In the research note, the firm Raises the price-target to $42.00 per share. The shares have been rated ‘Outperform’ by the firm. On Jul 22, 2016, Citigroup said it Maintains its rating on Paypal Holdings Inc. The shares have been rated ‘Buy’ by the firm. On Jul 22, 2016, UBS said it Maintains its rating on Paypal Holdings Inc. The shares have been rated ‘Neutral’ by the firm. Stephens & Co. said it Initiates Coverage on Paypal Holdings Inc, according to a research note issued on Jul 8, 2016. The shares have been rated ‘Overweight’ by the firm. On Jul 7, 2016, Barclays said it Maintains its rating on Paypal Holdings Inc. In the research note, the firm Lowers the price-target to $46.00 per share. The shares have been rated ‘Overweight’ by the firm. Oppenheimer said it Initiates Coverage on Paypal Holdings Inc, according to a research note issued on Jun 17, 2016. The shares have been rated ‘Outperform’ by the firm.
Paypal Holdings Inc (PYPL) remained unchanged at the close of Thursday session. Even as the volume increased to 50,99,183 ,the shares failed to make any impression and ended at 0 points or 0.00% at $37.22. The trading session commenced at $37.4 and the stock hit a high of $37.68 and touched $37.101 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $41.75 and the 52-week low is $30. The company has a market cap of $44,921 M and has approximately 1,20,69,18,020 outstanding shares.
Paypal Holdings Inc(PYPL) last announced its earnings results on Jul 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.65B. Analysts had an estimated revenue of $2.60B. Earnings per share were $0.36. Analysts had estimated an EPS of $0.36.
Several Insider Transactions has been reported to the SEC. On Feb 3, 2016, David M Moffett (director) sold 15,971 shares at $36.08 per share price.Also, On Nov 23, 2015, John J Donahoe (director) sold 53,390 shares at $36.25 per share price.On Nov 12, 2015, James Barrese (SVP, Payment Services & CTO) sold 25,695 shares at $37.15 per share price, according to the Form-4 filing with the securities and exchange commission.
PayPal Holdings Inc. (PayPal) is a technology platform company which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers merchants friends and family to access and move their money through its platform using various devices such as mobile tablets personal computers and wearables. It provides businesses of various sizes to accept payments from merchant Websites mobile devices and applications and at offline retail locations through a range of payment solutions across its Payments Platform including PayPal PayPal Credit Venmo and Braintree products. PayPal gateway products include Payflow Payments and Braintree products. The Company enables its consumers to fund a purchase using a bank account a PayPal account balance a PayPal Credit account a credit or debit card or other stored value products such as coupons and gift cards.