Guggenheim reissued their buy rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a report released on Thursday. Guggenheim currently has a $72.00 target price on the credit services provider’s stock, up from their prior target price of $67.00.

PYPL has been the topic of several other research reports. Vetr raised shares of PayPal Holdings from a hold rating to a buy rating and set a $55.01 target price on the stock in a report on Tuesday, July 4th. Oppenheimer Holdings, Inc. upped their target price 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 target price (up previously from $48.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Royal Bank Of Canada reaffirmed a buy rating and issued a $52.00 target price on shares of PayPal Holdings in a report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $70.00 target price on shares of PayPal Holdings in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $62.83.

Shares of PayPal Holdings (NASDAQ:PYPL) traded up 0.35% during mid-day trading on Thursday, reaching $66.05. 6,122,368 shares of the company traded hands. The stock has a market capitalization of $79.42 billion, a PE ratio of 53.27 and a beta of 0.98. PayPal Holdings has a 52-week low of $38.06 and a 52-week high of $66.41. The stock’s 50 day moving average is $63.63 and its 200 day moving average is $63.63.

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

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In related news, Director John J. Donahoe sold 170,000 shares of the 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 directly owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total value of $79,709.00. Following the sale, the executive vice president now directly owns 37,492 shares of the company’s stock, valued at $2,212,028. The disclosure for this sale can be found here. Over the last three months, insiders have sold 261,351 shares of company stock valued at $15,302,809. 6.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of PYPL. Thompson Davis & CO. Inc. increased its stake 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 bought a new stake in PayPal Holdings during the 1st quarter worth approximately $119,000. Archford Capital Strategies LLC increased its stake 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 increased its stake 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 increased its stake 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. 82.47% of the stock is owned by institutional investors and hedge funds.

About PayPal Holdings

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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