Paypal Holdings Inc. (NASDAQ:PYPL) was up 2% on Wednesday . The company 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.

A number of equities research analysts have recently weighed in on PYPL shares. Nomura Holdings Inc. boosted their price objective on shares of Paypal Holdings from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, March 21st. Compass Point started coverage on shares of Paypal Holdings in a report on Friday, April 15th. They issued a “neutral” rating and a $40.00 price objective for the company. Vetr upgraded shares of Paypal Holdings from a “hold” rating to a “buy” rating and set a $43.55 price objective for the company in a report on Wednesday, March 23rd. Credit Suisse Group AG restated a “buy” rating and issued a $39.00 price objective on shares of Paypal Holdings in a report on Friday, April 1st. Finally, Needham & Company LLC restated a “buy” rating and issued a $54.00 price objective (up from $46.00) on shares of Paypal Holdings in a report on Monday, March 21st. Five research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $43.23.

The stock has a 50 day moving average price of $37.10 and a 200 day moving average price of $37.21. The company has a market capitalization of $47.13 billion and a P/E ratio of 36.30.

Paypal Holdings (NASDAQ:PYPL) last posted its quarterly 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 business earned $2.54 billion during the quarter, compared to analyst estimates 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 have bought and sold shares of the stock. Vanguard Group Inc. acquired a new stake in Paypal Holdings during the fourth quarter valued at approximately $2,420,712,000. Condor Capital Management purchased a new position in shares of Paypal Holdings during the fourth quarter valued at about $1,825,000. Morningstar Investment Services LLC purchased a new position in shares of Paypal Holdings during the fourth quarter valued at about $14,100,000. Morgan Stanley boosted its position in shares of Paypal Holdings by 11.1% in the fourth quarter. Morgan Stanley now owns 6,984,101 shares of the company’s stock valued at $252,826,000 after buying an additional 698,915 shares in the last quarter. Finally, Northern Capital Management LLC purchased a new position in shares of Paypal Holdings during the fourth quarter valued at about $2,573,000.

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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