PayPal Holdings, Inc. (NASDAQ:PYPL) had its target price raised by Barclays PLC from $66.00 to $69.00 in a report released on Friday morning. Barclays PLC currently has an overweight rating on the credit services provider’s stock.

Several other research analysts have also issued reports on PYPL. Instinet reiterated a buy rating and issued a $54.00 price target on shares of PayPal Holdings in a research note on Friday, May 19th. Morgan Stanley reiterated an equal weight rating and issued a $49.00 price target (up from $44.00) on shares of PayPal Holdings in a research note on Friday, May 19th. Sanford C. Bernstein reiterated a market perform rating and issued a $46.00 price target on shares of PayPal Holdings in a research note on Wednesday, May 24th. Stifel Nicolaus lowered shares of PayPal Holdings from a buy rating to a hold rating and decreased their price target for the stock from $51.05 to $51.00 in a research note on Thursday, May 25th. They noted that the move was a valuation call. Finally, Robert W. Baird reiterated an outperform rating and issued a $59.00 price target (up from $54.00) on shares of PayPal Holdings in a research note on Saturday, June 3rd. Eleven investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company. PayPal Holdings presently has a consensus rating of Buy and a consensus target price of $60.54.

PayPal Holdings (PYPL) opened at 62.50 on Friday. The stock’s 50 day moving average is $62.40 and its 200-day moving average is $53.58. PayPal Holdings has a one year low of $38.06 and a one year high of $63.26. The firm has a market capitalization of $75.15 billion, a PE ratio of 50.40 and a beta of 0.98.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.09 billion. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. PayPal Holdings’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period last year, the business earned $0.36 EPS. On average, analysts anticipate that PayPal Holdings will post $1.84 EPS for the current fiscal year.

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In other news, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the sale, the chief operating officer now owns 29,252 shares in the company, valued at $1,733,181. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the sale, the director now owns 124,516 shares in the company, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 262,702 shares of company stock worth $15,375,804. 6.00% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. W. E. Donoghue & Co. LLC bought a new stake in shares of PayPal Holdings during the second quarter valued at approximately $2,239,000. Gs Investments Inc. bought a new stake in shares of PayPal Holdings during the second quarter valued at approximately $1,312,000. Lord Abbett & CO. LLC raised its position in shares of PayPal Holdings by 71.6% during the second quarter. Lord Abbett & CO. LLC now owns 902,004 shares of the credit services provider’s stock valued at $48,411,000 after buying an additional 376,471 shares during the last quarter. Sentry Investment Management LLC raised its position in shares of PayPal Holdings by 1.1% during the second quarter. Sentry Investment Management LLC now owns 89,297 shares of the credit services provider’s stock valued at $4,793,000 after buying an additional 977 shares during the last quarter. Finally, Atlantic Trust LLC raised its position in shares of PayPal Holdings by 1,140.8% during the second quarter. Atlantic Trust LLC now owns 32,260 shares of the credit services provider’s stock valued at $1,732,000 after buying an additional 29,660 shares during the last quarter. Hedge funds and other institutional investors own 82.46% of the company’s stock.

PayPal Holdings Company Profile

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

Analyst Recommendations for PayPal Holdings (NASDAQ:PYPL)

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