Vetr upgraded shares of Paypal Holdings Inc. (NASDAQ:PYPL) from a buy rating to a strong-buy rating in a report released on Tuesday morning. The firm currently has $44.52 target price on the stock.

PYPL has been the subject of several other reports. Evercore ISI restated a sell rating and set a $34.00 price target on shares of Paypal Holdings in a research note on Tuesday, July 26th. RBC Capital Markets restated an outperform rating and set a $46.00 price target on shares of Paypal Holdings in a research note on Wednesday, August 3rd. Piper Jaffray Cos. restated a sell rating on shares of Paypal Holdings in a research note on Monday, June 27th. Wedbush restated an outperform rating and set a $50.00 price target on shares of Paypal Holdings in a research note on Monday, August 1st. Finally, Cantor Fitzgerald restated a buy rating on shares of Paypal Holdings in a research note on Sunday, August 28th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $44.23.

Analyst Recommendations for Paypal Holdings (NASDAQ:PYPL)

Paypal Holdings (NASDAQ:PYPL) opened at 39.19 on Tuesday. The firm has a market cap of $46.32 billion, a P/E ratio of 35.63 and a beta of 1.10. The stock’s 50 day moving average is $39.26 and its 200 day moving average is $38.44. Paypal Holdings has a 12-month low of $30.52 and a 12-month high of $41.75.

Paypal Holdings (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The company earned $2.65 billion during the quarter, compared to analyst estimates of $2.60 billion. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. During the same period in the prior year, the firm posted $0.32 earnings per share. On average, equities research analysts expect that Paypal Holdings will post $1.50 EPS for the current year.

In related news, EVP Gary J. Marino sold 1,726 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $40.87, for a total value of $70,541.62. Following the completion of the transaction, the executive vice president now owns 44,505 shares in the company, valued at approximately $1,818,919.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $37.21, for a total transaction of $218,125.02. Following the completion of 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. 7.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SevenBridge Financial Group LLC bought a new position in Paypal Holdings during the second quarter valued at $120,000. Feltz Wealth PLAN Inc. bought a new position in Paypal Holdings during the second quarter valued at $100,000. Global X Management Co. LLC boosted its position in Paypal Holdings by 253.7% in the second quarter. Global X Management Co. LLC now owns 3,445 shares of the company’s stock valued at $126,000 after buying an additional 2,471 shares during the period. Mycio Wealth Partners LLC boosted its position in Paypal Holdings by 35.2% in the second quarter. Mycio Wealth Partners LLC now owns 3,494 shares of the company’s stock valued at $128,000 after buying an additional 909 shares during the period. Finally, Ropes Wealth Advisors LLC boosted its position in Paypal Holdings by 179.6% in the second quarter. Ropes Wealth Advisors LLC now owns 3,523 shares of the company’s stock valued at $129,000 after buying an additional 2,263 shares during the period. Hedge funds and other institutional investors own 78.77% 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.

5 Day Chart for NASDAQ:PYPL

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