Paypal Holdings Inc. (NASDAQ:PYPL) shares saw unusually-strong trading volume on Monday . Approximately 8,109,701 shares changed hands during trading, an increase of 27% from the previous session’s volume of 6,397,176 shares.The stock last traded at $38.04 and had previously closed at $38.09.

A number of research analysts have recently commented on PYPL shares. Wedbush reissued an “outperform” rating and set a $47.00 target price on shares of Paypal Holdings in a research report on Wednesday, May 18th. Barclays PLC cut their price target on shares of Paypal Holdings from $46.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Vetr raised shares of Paypal Holdings from a “hold” rating to a “buy” rating and set a $40.93 price target on the stock in a report on Monday, July 25th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $48.00 price target on shares of Paypal Holdings in a report on Monday, May 16th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Paypal Holdings in a report on Tuesday, July 12th. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $43.32.

The stock has a 50 day moving average price of $38.00 and a 200-day moving average price of $38.01. The company has a market capitalization of $45.05 billion and a price-to-earnings ratio of 34.65.

Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. During the same period in the prior year, the firm earned $0.32 earnings per share. The business earned $2.65 billion during the quarter, compared to the consensus estimate of $2.60 billion. On average, equities research analysts anticipate that Paypal Holdings Inc. will post $1.49 EPS for the current fiscal year.

In related news, SVP William J. Ready sold 26,037 shares of Paypal Holdings stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $38.04, for a total value of $990,447.48. Following the completion of the sale, the senior vice president now directly owns 105,906 shares in the company, valued at $4,028,664.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP William J. Ready sold 48,963 shares of Paypal Holdings stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $38.00, for a total value of $1,860,594.00. Following the completion of the sale, the senior vice president now owns 56,943 shares of the company’s stock, valued at $2,163,834. The disclosure for this sale can be found here.

Other hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. purchased a new stake in shares of Paypal Holdings during the fourth quarter worth approximately $99,638,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Paypal Holdings during the fourth quarter worth approximately $1,263,000. King Luther Capital Management Corp purchased a new stake in shares of Paypal Holdings during the fourth quarter worth approximately $79,125,000. Calvert Investment Management Inc. purchased a new stake in shares of Paypal Holdings during the fourth quarter worth approximately $2,160,000. Finally, American International Group Inc. purchased a new stake in shares of Paypal Holdings during the fourth quarter worth approximately $20,452,000.

PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.

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