Paypal Holdings Inc. (NASDAQ:PYPL)’s share price traded down 2.1% during 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. The stock had previously closed at $39.96.

A number of brokerages have recently issued reports on PYPL. William Blair reaffirmed an “outperform” rating on shares of Paypal Holdings in a report on Thursday, April 28th. Bank of America Corp. reaffirmed a “hold” rating and issued a $44.00 target price on shares of Paypal Holdings in a report on Thursday, April 28th. SunTrust Banks Inc. reaffirmed a “buy” rating and issued a $44.00 target price on shares of Paypal Holdings in a report on Thursday, April 28th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Paypal Holdings in a report on Saturday, June 4th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $48.00 target price on shares of Paypal Holdings in a report on Friday. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $43.26.

The firm has a 50-day moving average price of $37.13 and a 200 day moving average price of $37.23. The stock has a market capitalization of $46.56 billion and a price-to-earnings ratio of 35.86.

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

Several large investors have made changes to their positions in PYPL. Vanguard Group Inc. acquired a new stake in shares of Paypal Holdings during the fourth quarter worth about $2,420,712,000. OppenheimerFunds Inc. acquired a new stake in shares of Paypal Holdings during the fourth quarter worth about $830,774,000. Baillie Gifford & Co. acquired a new stake in shares of Paypal Holdings during the fourth quarter worth about $351,440,000. Morgan Stanley boosted its stake 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 worth $252,826,000 after buying an additional 698,915 shares during the period. Finally, Principal Financial Group Inc. acquired a new stake in shares of Paypal Holdings during the fourth quarter worth 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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