Paypal (NASDAQ:PYPL) was upgraded by stock analysts at Raymond James from a “market perform” rating to an “outperform” rating in a note issued to investors on Friday.

A number of other equities research analysts also recently weighed in on the stock. Bank of America upped their price target on shares of Paypal from $98.00 to $102.00 and gave the company a “buy” rating in a report on Tuesday. KeyCorp reissued an “overweight” rating and issued a $105.00 price target (up from $100.00) on shares of Paypal in a report on Tuesday. BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a report on Friday, August 31st. Berenberg Bank began coverage on shares of Paypal in a report on Thursday, August 30th. They issued a “buy” rating and a $104.00 price target for the company. Finally, Jefferies Financial Group restated a “buy” rating and set a $110.00 price objective on shares of Paypal in a report on Wednesday, August 29th. Seven investment analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $89.54.

NASDAQ PYPL traded down $0.34 on Friday, reaching $91.85. The company’s stock had a trading volume of 141,102 shares, compared to its average volume of 5,846,892. Paypal has a twelve month low of $61.71 and a twelve month high of $93.70. The company has a market capitalization of $109.37 billion, a price-to-earnings ratio of 66.15, a PEG ratio of 3.02 and a beta of 1.30.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, July 25th. The credit services provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.17. Paypal had a net margin of 14.02% and a return on equity of 12.91%. The company had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the prior year, the company earned $0.46 EPS. Paypal’s revenue was up 23.0% on a year-over-year basis. sell-side analysts anticipate that Paypal will post 1.72 EPS for the current year.

In other Paypal news, EVP Aaron Karczmer sold 10,330 shares of the firm’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $88.22, for a total transaction of $911,312.60. Following the transaction, the executive vice president now owns 12,174 shares in the company, valued at $1,073,990.28. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Daniel H. Schulman sold 26,000 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $92.43, for a total value of $2,403,180.00. Following the transaction, the insider now owns 323,316 shares in the company, valued at approximately $29,884,097.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,732 shares of company stock worth $13,044,257. 0.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of PYPL. Weatherly Asset Management L. P. raised its position in Paypal by 0.8% in the 2nd quarter. Weatherly Asset Management L. P. now owns 87,418 shares of the credit services provider’s stock valued at $7,279,000 after buying an additional 656 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Paypal by 18.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,434,018 shares of the credit services provider’s stock worth $119,411,000 after purchasing an additional 227,908 shares during the last quarter. Allen Investment Management LLC increased its position in shares of Paypal by 41.5% during the 2nd quarter. Allen Investment Management LLC now owns 20,577 shares of the credit services provider’s stock worth $1,713,000 after purchasing an additional 6,039 shares during the last quarter. Hemenway Trust Co LLC increased its position in shares of Paypal by 171.8% during the 2nd quarter. Hemenway Trust Co LLC now owns 63,920 shares of the credit services provider’s stock worth $5,323,000 after purchasing an additional 40,405 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Paypal by 0.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 884,646 shares of the credit services provider’s stock worth $73,703,000 after purchasing an additional 7,369 shares during the last quarter. Hedge funds and other institutional investors own 79.66% of the company’s stock.

About Paypal

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Featured Article: How to Profit and Limit Losses With Stop Orders

Analyst Recommendations for Paypal (NASDAQ:PYPL)

Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.