Buckingham Research started coverage on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a report issued on Monday morning, Marketbeat reports. The firm issued a buy rating and a $74.00 price objective on the credit services provider’s stock.

PYPL has been the subject of several other research reports. Vetr raised shares of PayPal Holdings from a hold rating to a buy rating and set a $55.01 price objective for the company in a report on Tuesday, July 4th. Oppenheimer Holdings, Inc. upped their price objective on shares of PayPal Holdings from $50.00 to $65.00 and gave the stock an outperform rating in a report on Thursday, July 27th. Cowen and Company reaffirmed a market perform rating and issued a $52.00 price objective (up previously from $48.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Royal Bank Of Canada reissued a buy rating and issued a $52.00 price target on shares of PayPal Holdings in a report on Wednesday, July 5th. Finally, Instinet upped their price target on shares of PayPal Holdings from $54.00 to $57.00 and gave the company a buy rating in a report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, thirty-one have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $62.45.

PayPal Holdings (NASDAQ:PYPL) opened at 65.82 on Monday. The stock has a 50 day moving average of $63.51 and a 200-day moving average of $63.51. The stock has a market cap of $79.14 billion, a P/E ratio of 53.08 and a beta of 0.98. PayPal Holdings has a one year low of $38.06 and a one year high of $66.00.

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

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In other PayPal Holdings news, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the completion of the sale, the director now owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO William J. Ready sold 90,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $59.25, for a total value of $5,332,500.00. Following the sale, the chief operating officer now directly owns 29,252 shares of the company’s stock, valued at approximately $1,733,181. The disclosure for this sale can be found here. Insiders have sold 261,351 shares of company stock valued at $15,302,809 in the last ninety days. Company insiders own 6.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Guardian Life Insurance Co. of America boosted its position in PayPal Holdings by 0.9% during the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock worth $187,000 after purchasing an additional 38 shares during the period. Apriem Advisors boosted its position in PayPal Holdings by 0.6% during the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock worth $451,000 after purchasing an additional 52 shares during the period. Westside Investment Management Inc. boosted its position in PayPal Holdings by 0.4% during the second quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after purchasing an additional 60 shares during the period. Sigma Planning Corp boosted its position in PayPal Holdings by 0.4% during the second quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock worth $903,000 after purchasing an additional 74 shares during the period. Finally, Train Babcock Advisors LLC boosted its position in PayPal Holdings by 1.6% during the second quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock worth $292,000 after purchasing an additional 86 shares during the period. 82.47% of the stock is owned by hedge funds and other institutional investors.

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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