Paypal Holdings Inc. (NASDAQ:PYPL) was up 2% during mid-day trading on Wednesday . The stock traded as high as $39.99 and last traded at $39.58, with a volume of 7,647,989 shares. The stock had previously closed at $38.79.

PYPL has been the topic of several recent research reports. Wedbush reissued an “outperform” rating and set a $47.00 price target on shares of Paypal Holdings in a research report on Wednesday, May 18th. Barclays PLC lowered their price target on shares of Paypal Holdings from $46.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Cantor Fitzgerald reissued a “buy” rating and set a $48.00 price target on shares of Paypal Holdings in a research report on Monday, May 16th. Royal Bank Of Canada reissued a “buy” rating on shares of Paypal Holdings in a research report on Tuesday. Finally, William Blair reissued a “buy” rating on shares of Paypal Holdings in a research report on Tuesday, May 24th. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the stock. Paypal Holdings has an average rating of “Hold” and a consensus target price of $43.23.

The company has a market capitalization of $46.78 billion and a PE ratio of 36.04. The firm has a 50 day moving average of $37.06 and a 200 day moving average of $37.18.

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

Several large investors recently made changes to their positions in PYPL. Vanguard Group Inc. bought a new stake in shares of Paypal Holdings during the fourth quarter valued at approximately $2,420,712,000. OppenheimerFunds Inc. acquired a new stake in Paypal Holdings during the fourth quarter valued at about $830,774,000. Baillie Gifford & Co. acquired a new stake in Paypal Holdings during the fourth quarter valued at about $351,440,000. First Trust Advisors LP acquired a new stake in Paypal Holdings during the fourth quarter valued at about $256,545,000. Finally, Principal Financial Group Inc. acquired a new stake in Paypal Holdings during the fourth quarter valued at about $186,851,000.

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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