PayPal Holdings, Inc. (NASDAQ:PYPL) shares traded up 5.8% on Thursday after Deutsche Bank AG raised their price target on the stock to $88.00. Deutsche Bank AG currently has a buy rating on the stock. PayPal Holdings traded as high as $77.94 and last traded at $77.70. 12,494,039 shares changed hands during trading, an increase of 64% from the average session volume of 7,617,830 shares. The stock had previously closed at $73.43.

A number of other research analysts have also recently weighed in on PYPL. KeyCorp reissued an “overweight” rating and set a $85.00 price objective (up from $80.00) on shares of PayPal Holdings in a research note on Friday. Vetr cut shares of PayPal Holdings from a “buy” rating to a “hold” rating and set a $78.63 price objective for the company. in a research note on Friday. Argus raised their price objective on shares of PayPal Holdings from $80.00 to $87.00 and gave the stock a “buy” rating in a research note on Friday. Royal Bank Of Canada reissued a “buy” rating on shares of PayPal Holdings in a research note on Friday. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $85.00 price objective (up from $79.00) on shares of PayPal Holdings in a research note on Friday. Eleven analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $72.43.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. San Francisco Sentry Investment Group CA increased its position in shares of PayPal Holdings by 352.8% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 1,217 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of PayPal Holdings in the 3rd quarter worth about $113,000. Kistler Tiffany Companies LLC increased its position in shares of PayPal Holdings by 511.9% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after purchasing an additional 1,684 shares during the last quarter. Archford Capital Strategies LLC increased its position in shares of PayPal Holdings by 65.4% in the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock worth $139,000 after purchasing an additional 1,281 shares during the last quarter. Finally, Balentine LLC increased its position in shares of PayPal Holdings by 28.7% in the 1st quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after purchasing an additional 780 shares during the last quarter. 83.08% of the stock is owned by institutional investors.

The company has a market cap of $93,390.00 and a PE ratio of 53.21.

PayPal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The company’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.35 EPS. equities analysts anticipate that PayPal Holdings, Inc. will post 1.37 EPS for the current fiscal year.

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About PayPal Holdings

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

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