Royal Bank Of Canada reiterated their buy rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a research note issued to investors on Friday morning.

PYPL has been the subject of a number of other reports. Zacks Investment Research cut shares of PayPal Holdings from a strong-buy rating to a hold rating in a research note on Wednesday, October 25th. Morgan Stanley boosted their price objective on shares of PayPal Holdings from $76.00 to $77.00 and gave the stock an overweight rating in a research note on Friday, October 20th. Robert W. Baird restated a buy rating and issued a $80.00 price objective (up from $65.00) on shares of PayPal Holdings in a research note on Friday, October 20th. Bank of America Corporation restated a buy rating and issued a $78.00 price objective (up from $71.00) on shares of PayPal Holdings in a research note on Friday, October 6th. Finally, Credit Suisse Group restated an outperform rating on shares of PayPal Holdings in a research note on Tuesday, September 5th. Eleven analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $72.43.

PayPal Holdings (NASDAQ PYPL) traded down $1.32 during midday trading on Friday, reaching $76.38. 11,771,514 shares of the company’s stock were exchanged, compared to its average volume of 7,638,537. The firm has a market capitalization of $93,390.00 and a PE ratio of 53.21. PayPal Holdings has a 1 year low of $38.06 and a 1 year high of $78.01.

PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The company’s revenue was up 21.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share. equities research analysts anticipate that PayPal Holdings will post 1.37 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the business. San Francisco Sentry Investment Group CA lifted its position in PayPal Holdings by 352.8% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 1,217 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in PayPal Holdings during the 3rd quarter valued at about $113,000. Kistler Tiffany Companies LLC lifted its position in PayPal Holdings by 511.9% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after purchasing an additional 1,684 shares during the period. Thompson Davis & CO. Inc. lifted its position in PayPal Holdings by 294.3% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock valued at $155,000 after purchasing an additional 1,807 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new position in PayPal Holdings during the 3rd quarter valued at about $172,000. Institutional investors own 83.08% of the company’s stock.

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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