Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Group in a report issued on Wednesday. They currently have a $48.00 price target on the stock. Jefferies Group’s price target would indicate a potential upside of 22.51% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. BTIG Research set a $48.00 price objective on Paypal Holdings and gave the company a “buy” rating in a research report on Wednesday, September 7th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Paypal Holdings in a research report on Sunday, August 28th. Vetr raised Paypal Holdings from a “hold” rating to a “buy” rating and set a $42.50 price objective on the stock in a research report on Monday, October 3rd. Wedbush reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Paypal Holdings in a research report on Friday, September 23rd. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $44.00 price objective on shares of Paypal Holdings in a research report on Wednesday, September 14th. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $44.23.

Analyst Recommendations for Paypal Holdings (NASDAQ:PYPL)

Paypal Holdings (NASDAQ:PYPL) traded up 1.10% during midday trading on Wednesday, hitting $39.62. 3,823,925 shares of the stock were exchanged. The company has a market capitalization of $46.83 billion, a P/E ratio of 36.02 and a beta of 1.10. Paypal Holdings has a 1-year low of $30.52 and a 1-year high of $41.75. The company’s 50 day moving average is $39.26 and its 200 day moving average is $38.44.

Paypal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. The firm earned $2.65 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the company earned $0.32 earnings per share. Analysts predict that Paypal Holdings will post $1.50 earnings per share for the current fiscal year.

In other news, SVP William J. Ready sold 48,963 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $38.00, for a total value of $1,860,594.00. Following the transaction, the senior vice president now directly owns 56,943 shares of the company’s stock, valued at $2,163,834. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gary J. Marino sold 1,726 shares of the stock in a transaction dated 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 directly owns 44,505 shares in the company, valued at $1,818,919.35. The disclosure for this sale can be found here. 7.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in PYPL. Feltz Wealth PLAN Inc. bought a new stake in shares of Paypal Holdings during the second quarter worth approximately $100,000. SevenBridge Financial Group LLC bought a new stake in shares of Paypal Holdings during the second quarter worth approximately $120,000. Global X Management Co. LLC increased its stake 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 during the last quarter. Mycio Wealth Partners LLC increased its stake 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 during the last quarter. Finally, Ropes Wealth Advisors LLC increased its stake 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 during the last quarter. 78.77% of the stock is currently owned by institutional investors and hedge funds.

About Paypal Holdings

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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