Evercore ISI began coverage on shares of Paypal Holdings Inc. (NASDAQ:PYPL) in a research note released on Tuesday. The brokerage issued a buy rating and a $46.00 price target on the stock.

PYPL has been the topic of several other reports. RBC Capital Markets reissued 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. reissued a sell rating on shares of Paypal Holdings in a research note on Monday, June 27th. Wedbush reissued an outperform rating and set a $50.00 price target on shares of Paypal Holdings in a research note on Monday, August 1st. Vetr raised shares of Paypal Holdings from a buy rating to a strong-buy rating and set a $41.29 price target on the stock in a research note on Tuesday, August 2nd. Finally, Cantor Fitzgerald reissued a buy rating on shares of Paypal Holdings in a research note on Sunday, August 28th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $44.73.

Paypal Holdings (NASDAQ:PYPL) opened at 39.83 on Tuesday. The firm has a 50 day moving average price of $39.53 and a 200 day moving average price of $38.45. The company has a market cap of $47.08 billion, a PE ratio of 36.21 and a beta of 1.10. Paypal Holdings has a 12-month low of $30.52 and a 12-month high of $41.75.

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

In related news, EVP Gary J. Marino sold 1,726 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $40.87, for a total transaction of $70,541.62. Following the transaction, the executive vice president now directly owns 44,505 shares of the company’s stock, valued at $1,818,919.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP William J. Ready sold 48,963 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $38.00, for a total transaction of $1,860,594.00. Following the transaction, the senior vice president now directly owns 56,943 shares in the company, valued at $2,163,834. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Charter Trust Co. raised its position in shares of Paypal Holdings by 0.8% in the third quarter. Charter Trust Co. now owns 6,341 shares of the company’s stock valued at $260,000 after buying an additional 50 shares in the last quarter. Gradient Investments LLC raised its position in shares of Paypal Holdings by 0.6% in the third quarter. Gradient Investments LLC now owns 8,432 shares of the company’s stock valued at $345,000 after buying an additional 54 shares in the last quarter. Assetmark Inc. raised its position in shares of Paypal Holdings by 2.5% in the second quarter. Assetmark Inc. now owns 3,548 shares of the company’s stock valued at $130,000 after buying an additional 88 shares in the last quarter. Quadrant Capital Management LLC raised its position in shares of Paypal Holdings by 0.3% in the second quarter. Quadrant Capital Management LLC now owns 27,968 shares of the company’s stock valued at $1,021,000 after buying an additional 90 shares in the last quarter. Finally, Parsons Capital Management Inc. RI raised its position in shares of Paypal Holdings by 0.3% in the second quarter. Parsons Capital Management Inc. RI now owns 32,090 shares of the company’s stock valued at $1,172,000 after buying an additional 92 shares in the last quarter. 78.60% of the stock is currently owned by institutional investors and hedge funds.

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

Receive News & Stock Ratings for Paypal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal Holdings Inc. and related stocks with our FREE daily email newsletter.