Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Group in a research report issued on Tuesday. They currently have a $48.00 price target on the stock. Jefferies Group’s price objective would indicate a potential upside of 19.14% from the stock’s previous close.

PYPL has been the topic of several other reports. BTIG Research set a $48.00 price target on shares of Paypal Holdings and gave the company a “buy” rating in a research note on Wednesday, September 7th. Cantor Fitzgerald restated a “buy” rating on shares of Paypal Holdings in a research note on Sunday, August 28th. Deutsche Bank AG restated a “buy” rating and issued a $44.00 price target on shares of Paypal Holdings in a research note on Wednesday, September 14th. Craig Hallum initiated coverage on shares of Paypal Holdings in a research note on Wednesday, September 14th. They issued a “buy” rating and a $52.00 price target on the stock. Finally, Canaccord Genuity downgraded shares of Paypal Holdings from a “buy” rating to a “hold” rating and decreased their price target for the company from $45.00 to $40.00 in a research note on Monday. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $43.68.

Analyst Recommendations for Paypal Holdings (NASDAQ:PYPL)

Shares of Paypal Holdings (NASDAQ:PYPL) opened at 40.29 on Tuesday. Paypal Holdings has a 52-week low of $30.30 and a 52-week high of $41.75. The firm has a 50-day moving average of $38.33 and a 200 day moving average of $38.36. The firm has a market cap of $47.62 billion, a PE ratio of 36.63 and a beta of 1.13.

Paypal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Paypal Holdings had a net margin of 13.55% and a return on equity of 10.60%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the previous year, the company earned $0.32 earnings per share. On average, equities analysts predict that Paypal Holdings will post $1.50 earnings per share for the current year.

In related news, SVP William J. Ready sold 26,037 shares of Paypal Holdings stock in a transaction on Tuesday, July 26th. The shares were 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 owns 105,906 shares of the company’s stock, valued at approximately $4,028,664.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Tomer Barel sold 5,862 shares of Paypal Holdings stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $37.21, for a total transaction of $218,125.02. Following the completion of the sale, the senior vice president now directly owns 27,017 shares of the company’s stock, valued at approximately $1,005,302.57. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Paypal Holdings by 0.9% in the second quarter. Vanguard Group Inc. now owns 69,535,527 shares of the company’s stock valued at $2,538,742,000 after buying an additional 620,002 shares during the last quarter. Jackson Square Partners LLC increased its stake in Paypal Holdings by 6.9% in the second quarter. Jackson Square Partners LLC now owns 25,313,524 shares of the company’s stock valued at $1,071,595,000 after buying an additional 1,631,771 shares during the last quarter. Orbis Allan Gray Ltd acquired a new stake in Paypal Holdings during the first quarter valued at about $606,807,000. BlackRock Fund Advisors increased its stake in Paypal Holdings by 0.3% in the first quarter. BlackRock Fund Advisors now owns 14,705,330 shares of the company’s stock valued at $567,626,000 after buying an additional 39,950 shares during the last quarter. Finally, Lone Pine Capital LLC increased its stake in Paypal Holdings by 6.2% in the second quarter. Lone Pine Capital LLC now owns 11,080,118 shares of the company’s stock valued at $404,535,000 after buying an additional 650,000 shares during the last quarter. 78.77% of the stock is owned by institutional investors and hedge funds.

About Paypal Holdings

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.

5 Day Chart for NASDAQ:PYPL

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