PayPal Holdings, Inc. (NASDAQ:PYPL) had its price objective boosted by BTIG Research from $70.00 to $81.00 in a report issued on Friday morning. BTIG Research currently has a buy rating on the credit services provider’s stock.

Several other research firms also recently commented on PYPL. Piper Jaffray Companies reissued a neutral rating and set a $68.00 price objective (up previously from $57.00) on shares of PayPal Holdings in a report on Friday, October 13th. Jefferies Group LLC increased their price objective on shares of PayPal Holdings from $70.00 to $80.00 and gave the company a buy rating in a report on Friday, October 13th. Mizuho reissued a hold rating and set a $50.00 price objective on shares of PayPal Holdings in a report on Sunday, October 15th. Nomura increased their price objective on shares of PayPal Holdings from $68.00 to $75.00 and gave the company a buy rating in a report on Monday, October 16th. Finally, Stifel Nicolaus set a $70.00 price objective on shares of PayPal Holdings and gave the company a hold rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $69.07.

PayPal Holdings (PYPL) traded up 5.53% during midday trading on Friday, reaching $70.97. The company’s stock had a trading volume of 34,282,802 shares. The firm has a 50 day moving average price of $64.95 and a 200 day moving average price of $64.95. The firm has a market cap of $85.33 billion, a P/E ratio of 57.23 and a beta of 0.98. PayPal Holdings has a one year low of $38.06 and a one year high of $71.73.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.46%. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s revenue was up 21.4% on a year-over-year basis. Equities research analysts forecast 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 the 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 transaction, the chief operating officer now directly owns 29,252 shares in the company, valued at $1,733,181. The transaction was disclosed in a legal filing 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 shares were sold at an average price of $59.00, for a total transaction of $79,709.00. Following the transaction, the executive vice president now owns 37,492 shares in the company, valued at $2,212,028. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 261,351 shares of company stock worth $15,302,809. Insiders own 6.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PYPL. BlackRock Inc. boosted its stake in shares of PayPal Holdings by 2,792.8% during the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after purchasing an additional 58,026,239 shares in the last quarter. FMR LLC boosted its stake in shares of PayPal Holdings by 36.1% during the second quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after purchasing an additional 21,814,940 shares in the last quarter. Capital World Investors boosted its stake in shares of PayPal Holdings by 313.5% during the second quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock valued at $330,127,000 after purchasing an additional 4,663,337 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of PayPal Holdings by 1,064.7% during the second quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock valued at $260,921,000 after purchasing an additional 4,444,097 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of PayPal Holdings by 100.7% during the second quarter. American Century Companies Inc. now owns 8,080,639 shares of the credit services provider’s stock valued at $433,688,000 after purchasing an additional 4,054,993 shares in the last quarter. Hedge funds and other institutional investors own 82.47% 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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