PayPal Holdings, Inc. (NASDAQ:PYPL) rose 5.8% during trading on Thursday after Robert W. Baird raised their price target on the stock from $80.00 to $85.00. Robert W. Baird currently has an outperform rating on the stock. PayPal Holdings traded as high as $77.94 and last traded at $77.70. Approximately 12,494,039 shares changed hands during trading, an increase of 64% from the average daily volume of 7,617,830 shares. The stock had previously closed at $73.43.

Other equities research analysts have also recently issued reports about the company. Nomura boosted their price objective on PayPal Holdings from $57.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Deutsche Bank AG boosted their price objective on PayPal Holdings from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Vetr upgraded PayPal Holdings from a “hold” rating to a “buy” rating and set a $60.76 price objective on the stock in a research note on Tuesday, July 25th. BTIG Research restated a “buy” rating and issued a $63.00 price objective on shares of PayPal Holdings in a research note on Monday, July 24th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $68.00 price objective (up from $61.00) on shares of PayPal Holdings in a research note on Monday, July 24th. Ten analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $70.59.

A number of institutional investors and hedge funds have recently bought and sold shares of PYPL. Bowie Capital Management LLC raised its holdings in PayPal Holdings by 6.0% in the first quarter. Bowie Capital Management LLC now owns 88,000 shares of the credit services provider’s stock worth $3,786,000 after purchasing an additional 5,000 shares in the last quarter. Trustmark National Bank Trust Department grew its stake in shares of PayPal Holdings by 1.4% in the first quarter. Trustmark National Bank Trust Department now owns 27,625 shares of the credit services provider’s stock worth $1,188,000 after acquiring an additional 384 shares during the last quarter. Pictet North America Advisors SA grew its stake in shares of PayPal Holdings by 6.3% in the first quarter. Pictet North America Advisors SA now owns 32,019 shares of the credit services provider’s stock worth $1,377,000 after acquiring an additional 1,900 shares during the last quarter. Cleararc Capital Inc. grew its stake in shares of PayPal Holdings by 0.8% in the first quarter. Cleararc Capital Inc. now owns 27,474 shares of the credit services provider’s stock worth $1,182,000 after acquiring an additional 224 shares during the last quarter. Finally, Edgewood Management LLC grew its stake in shares of PayPal Holdings by 3.7% in the first quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock worth $798,817,000 after acquiring an additional 663,087 shares during the last quarter. Institutional investors and hedge funds own 83.08% of the company’s stock.

The company has a market capitalization of $93,390.00 and a P/E ratio of 53.21.

PayPal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. sell-side analysts predict that PayPal Holdings, Inc. will post 1.37 earnings per share for the current fiscal year.

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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.

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