Credit Agricole SA Reiterates $38.00 Price Target for Paypal Holdings Inc. (PYPL)

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Paypal Holdings Inc. (NASDAQ:PYPL) has been given a $38.00 target price by equities researchers at Credit Agricole SA in a note issued to investors on Thursday. The brokerage presently has a a “sell” rating on the stock. Credit Agricole SA’s price target points to a potential downside of 6.63% from the stock’s previous close.
PYPL has been the topic of a number of other research reports. BTIG Research set a $48.00 price target on shares of Paypal Holdings and gave the company a “buy” rating in a report on Wednesday, September 7th. Cantor Fitzgerald restated a “buy” rating on shares of Paypal Holdings in a report on Sunday, August 28th. Piper Jaffray Cos. restated a “sell” rating and set a $34.00 price target on shares of Paypal Holdings in a report on Wednesday, May 18th. Deutsche Bank AG restated a “buy” rating and set a $44.00 price target on shares of Paypal Holdings in a report on Wednesday. Finally, Craig Hallum initiated coverage on shares of Paypal Holdings in a report on Wednesday. They set a “buy” rating and a $52.00 price target on the stock. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.68.
Shares of Paypal Holdings (NASDAQ:PYPL) traded down 0.32% during midday trading on Thursday, hitting $40.70. 11,909,449 shares of the stock were exchanged. The firm has a market cap of $48.11 billion, a P/E ratio of 37.00 and a beta of 1.13. The stock’s 50 day moving average is $38.07 and its 200 day moving average is $38.34. Paypal Holdings has a 12-month low of $30.30 and a 12-month high of $41.75.

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Paypal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. The company earned $2.65 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. On average, equities research analysts forecast that Paypal Holdings will post $1.50 earnings per share for the current fiscal year.
In related news, SVP William J. Ready sold 26,037 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $38.04, for a total transaction of $990,447.48. Following the completion of the transaction, the senior vice president now owns 105,906 shares in the company, valued at $4,028,664.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tomer Barel sold 5,862 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $37.21, for a total transaction of $218,125.02. Following the transaction, the senior vice president now owns 27,017 shares of the company’s stock, valued at approximately $1,005,302.57. The disclosure for this sale can be found here. Insiders own 7.00% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Feltz Wealth PLAN Inc. purchased a new position in shares of Paypal Holdings during the second quarter worth about $100,000. SevenBridge Financial Group LLC purchased a new position in shares of Paypal Holdings during the second quarter worth about $120,000. Global X Management Co. LLC boosted its position in shares of Paypal Holdings by 253.7% in the second quarter. Global X Management Co. LLC now owns 3,445 shares of the company’s stock worth $126,000 after buying an additional 2,471 shares in the last quarter. Mycio Wealth Partners LLC boosted its position in shares of Paypal Holdings by 35.2% in the second quarter. Mycio Wealth Partners LLC now owns 3,494 shares of the company’s stock worth $128,000 after buying an additional 909 shares in the last quarter. Finally, Ropes Wealth Advisors LLC boosted its position in shares of Paypal Holdings by 179.6% in the second quarter. Ropes Wealth Advisors LLC now owns 3,523 shares of the company’s stock worth $129,000 after buying an additional 2,263 shares in the last quarter. Hedge funds and other institutional investors own 78.89% of the company’s stock.
Paypal Holdings Company Profile
PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.

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