Paypal Holdings Inc. (NASDAQ:PYPL) shares gapped up prior to trading on Friday . The stock had previously closed at $36.05, but opened at $36.32. Paypal Holdings shares last traded at $37.36, with a volume of 7,301,466 shares trading hands.

PYPL has been the topic of a number of recent research reports. Nomura Holdings Inc. increased their price objective on Paypal Holdings from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, March 21st. Compass Point initiated coverage on Paypal Holdings in a research report on Friday, April 15th. They issued a “neutral” rating and a $40.00 price objective on the stock. Vetr upgraded Paypal Holdings from a “hold” rating to a “buy” rating and set a $43.55 price objective on the stock in a research report on Wednesday, March 23rd. Credit Suisse Group AG reiterated a “buy” rating and issued a $39.00 price objective on shares of Paypal Holdings in a research report on Friday, April 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $54.00 price objective (up from $46.00) on shares of Paypal Holdings in a research report on Monday, March 21st. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $43.27.

The stock has a market capitalization of $44.50 billion and a price-to-earnings ratio of 34.28. The company’s 50-day moving average is $37.02 and its 200 day moving average is $37.16.

Paypal Holdings (NASDAQ:PYPL) last released its earnings results on Wednesday, April 27th. The company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. Paypal Holdings’s quarterly revenue was up 19.0% on a year-over-year basis. Analysts anticipate that Paypal Holdings Inc. will post $1.49 EPS for the current year.

Several hedge funds and institutional investors recently added to or reduced their stakes in PYPL. Synovus Financial Corp bought a new position in Paypal Holdings during the fourth quarter worth $1,047,000. Cim Investment Mangement Inc. bought a new position in Paypal Holdings during the fourth quarter worth $1,063,000. Motco bought a new position in Paypal Holdings during the fourth quarter worth $1,065,000. FOURPOINTS Investment Managers S.A.S. bought a new position in Paypal Holdings during the fourth quarter worth $1,083,000. Finally, Weatherly Asset Management L. P. bought a new position in Paypal Holdings during the fourth quarter worth $1,094,000.

PayPal Holdings, Inc (PayPal) is a technology platform company, which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers, merchants, friends and family to access and move their money through its platform using various devices, such as mobile, tablets, personal computers and wearables.

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