Paypal Holdings Inc. (NASDAQ:PYPL) shares traded down 2.1% during mid-day trading on Friday . The company traded as low as $39.10 and last traded at $39.12, with a volume of 4,567,966 shares changing hands. The stock had previously closed at $39.96.

A number of research analysts have recently issued reports on the stock. Cantor Fitzgerald reiterated a “buy” rating on shares of Paypal Holdings in a research note on Thursday, April 28th. Piper Jaffray Cos. reiterated an “underweight” rating and issued a $33.00 target price on shares of Paypal Holdings in a research note on Thursday, March 31st. Jefferies Group reiterated a “buy” rating and issued a $48.00 target price on shares of Paypal Holdings in a research note on Thursday, June 2nd. Vetr cut shares of Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $43.27 target price for the company. in a research note on Thursday, May 5th. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $44.00 target price on shares of Paypal Holdings in a research note on Thursday, April 7th. 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 stock. Paypal Holdings has a consensus rating of “Hold” and an average target price of $43.25.

The firm has a market cap of $46.56 billion and a PE ratio of 35.86. The stock has a 50-day moving average price of $37.10 and a 200 day moving average price of $37.21.

Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The business earned $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. Equities research analysts expect that Paypal Holdings Inc. will post $1.49 earnings per share for the current year.

Several hedge funds and institutional investors have recently added to or reduced their stakes in the stock. State of Tennessee Treasury Department purchased a new position in Paypal Holdings during the fourth quarter worth $6,389,000. Employees Retirement System of Texas purchased a new position in Paypal Holdings during the fourth quarter worth $17,304,000. R.M.SINCERBEAUX Capital Management LLC purchased a new position in Paypal Holdings during the fourth quarter worth $2,042,000. Morningstar Investment Services LLC purchased a new position in Paypal Holdings during the fourth quarter worth $14,100,000. Finally, Dimensional Fund Advisors LP purchased a new position in Paypal Holdings during the fourth quarter worth $65,655,000.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.