Paypal (NASDAQ:PYPL) had its price objective lifted by Jefferies Group from $86.00 to $95.00 in a research report released on Thursday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the credit services provider’s stock.

Other equities research analysts also recently issued research reports about the stock. BidaskClub raised shares of Paypal from a buy rating to a strong-buy rating in a research report on Wednesday, January 10th. Stifel Nicolaus boosted their price objective on shares of Paypal from $61.00 to $70.00 and gave the company a hold rating in a research report on Sunday, October 22nd. Zacks Investment Research raised shares of Paypal from a hold rating to a buy rating and set a $80.00 price objective for the company in a research report on Thursday, October 26th. Mizuho reaffirmed a hold rating and set a $50.00 price objective on shares of Paypal in a research report on Sunday, October 15th. Finally, Stephens boosted their price objective on shares of Paypal from $65.00 to $73.00 and gave the company an overweight rating in a research report on Tuesday, October 17th. Ten analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company. Paypal has a consensus rating of Buy and a consensus price target of $76.55.

Shares of Paypal (NASDAQ PYPL) traded up $0.90 during trading hours on Thursday, hitting $83.84. 8,654,070 shares of the company were exchanged, compared to its average volume of 7,400,000. Paypal has a twelve month low of $39.02 and a twelve month high of $84.19. The company has a market cap of $100,770.00 and a P/E ratio of 65.50.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. Paypal had a net margin of 12.69% and a return on equity of 11.33%. 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 company’s revenue for the quarter was up 21.4% compared to the same quarter last year. analysts anticipate that Paypal will post 1.37 earnings per share for the current year.

In related news, Director Rodney C. Adkins acquired 6,750 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was acquired at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the completion of the acquisition, the director now directly owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its holdings in shares of Paypal by 820.3% in the fourth quarter. State of Alaska Department of Revenue now owns 120,702 shares of the credit services provider’s stock valued at $8,883,000 after acquiring an additional 107,586 shares in the last quarter. Barton Investment Management boosted its holdings in shares of Paypal by 0.8% in the fourth quarter. Barton Investment Management now owns 349,467 shares of the credit services provider’s stock valued at $25,728,000 after acquiring an additional 2,730 shares in the last quarter. Syntal Capital Partners LLC boosted its holdings in shares of Paypal by 81.3% in the fourth quarter. Syntal Capital Partners LLC now owns 22,980 shares of the credit services provider’s stock valued at $1,691,000 after acquiring an additional 10,307 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in Paypal during the fourth quarter valued at approximately $282,000. Finally, Sterling Investment Management Inc. lifted its stake in Paypal by 5.0% during the fourth quarter. Sterling Investment Management Inc. now owns 50,252 shares of the credit services provider’s stock valued at $3,700,000 after purchasing an additional 2,375 shares during the last quarter. Institutional investors and hedge funds own 81.90% of the company’s stock.

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Paypal 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 (NASDAQ:PYPL)

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