Sanford C. Bernstein restated their outperform rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a research report report published on Wednesday morning. Sanford C. Bernstein currently has a $66.00 target price on the credit services provider’s stock.

Other equities analysts have also issued reports about the company. Vetr raised PayPal Holdings from a hold rating to a buy rating and set a $54.78 price target on the stock in a research note on Wednesday, June 21st. Stephens reissued an overweight rating and issued a $59.00 price target (up from $51.00) on shares of PayPal Holdings in a research note on Monday, June 19th. Citigroup Inc. reissued a buy rating and issued a $62.00 price target (up from $52.00) on shares of PayPal Holdings in a research note on Friday, June 9th. KeyCorp raised PayPal Holdings to a buy rating and set a $60.00 price target on the stock in a research note on Wednesday, June 21st. Finally, Mizuho reissued a neutral rating and issued a $48.00 price target on shares of PayPal Holdings in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. PayPal Holdings currently has a consensus rating of Buy and an average target price of $60.98.

Shares of PayPal Holdings (PYPL) traded up 0.16% during mid-day trading on Wednesday, reaching $64.03. 6,891,295 shares of the company’s stock traded hands. PayPal Holdings has a 12 month low of $38.06 and a 12 month high of $65.24. The company has a 50 day moving average of $62.68 and a 200 day moving average of $62.68. The company has a market cap of $76.99 billion, a price-to-earnings ratio of 51.64 and a beta of 0.98. PayPal Holdings also was the recipient of some unusual options trading on Wednesday. Stock investors purchased 3,225 call options on the stock. This is an increase of 657% compared to the average volume of 426 call options.

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, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period in the previous year, the firm earned $0.36 earnings per share. The company’s revenue was up 18.3% compared to the same quarter last year. Analysts expect that PayPal Holdings will post $1.83 earnings per share for the current fiscal year.

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In related news, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $54.03, for a total transaction of $72,994.53. Following the sale, the executive vice president now owns 37,491 shares of the company’s stock, valued at approximately $2,025,638.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John J. Donahoe sold 170,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the sale, the director now directly owns 124,516 shares in the company, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. Insiders have sold a total of 262,702 shares of company stock valued at $15,375,804 in the last quarter. 6.00% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Thompson Davis & CO. Inc. lifted its holdings in PayPal Holdings by 36.7% during the 1st quarter. Thompson Davis & CO. Inc. now owns 2,415 shares of the credit services provider’s stock worth $104,000 after purchasing an additional 649 shares in the last quarter. Stelac Advisory Services LLC purchased a new stake in PayPal Holdings during the 1st quarter worth about $119,000. Archford Capital Strategies LLC lifted its holdings in PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after purchasing an additional 1,281 shares in the last quarter. First Personal Financial Services lifted its holdings in PayPal Holdings by 73.4% during the 1st quarter. First Personal Financial Services now owns 3,494 shares of the credit services provider’s stock worth $150,000 after purchasing an additional 1,479 shares in the last quarter. Finally, Balentine LLC lifted its holdings in PayPal Holdings by 28.7% during the 1st quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after purchasing an additional 780 shares in the last quarter. 82.46% of the stock is currently owned by institutional investors and hedge funds.

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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