Craig-Hallum Initiates Coverage on Paypal Holdings Inc to Buy

Craig-Hallum Initiates Coverage on Paypal Holdings Inc(NASDAQ:PYPL). The shares have been rated Buy. The rating by Craig-Hallum was issued on Sep 15, 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. On Jul 22, 2016, Wells Fargo said it Downgrades its rating on Paypal Holdings Inc. The shares have been rated ‘Market Perform’ by the firm. On Jul 22, 2016, William Blair said it Maintains its rating on Paypal Holdings Inc. The shares have been rated ‘Outperform’ 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.

Paypal Holdings Inc (PYPL) shares turned negative on Tuesdays trading session with the shares closing down -0.32 points or -0.80% at a volume of 55,63,314. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $40.3. The peak price level was also seen at $40.3 while the days lowest was $39.67. Finally the shares closed at $39.69. The 52-week high of the shares is $41.75 while the 52-week low is $30.3. According to the latest information available, the market cap of the company is $47,903 M.

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 Aug 8, 2016, William J Ready (SVP, Global Head Product & Eng) sold 48,963 shares at $38.00 per share price.Also, On Jul 29, 2016, Tomer Barel (SVP, Chief Risk Officer) sold 5,862 shares at $37.21 per share price.On Feb 3, 2016, David M Moffett (director) sold 15,971 shares at $36.08 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.

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