PayPal Holdings, Inc. (NASDAQ:PYPL) – Equities research analysts at KeyCorp lifted their FY2017 earnings estimates for PayPal Holdings in a research note issued on Thursday. KeyCorp analyst J. Beck now expects that the credit services provider will earn $1.38 per share for the year, up from their previous estimate of $1.36. KeyCorp currently has a “Overweight” rating and a $85.00 price target on the stock.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period in the previous year, the business posted $0.35 earnings per share. The business’s revenue was up 21.4% compared to the same quarter last year.

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Other research analysts have also issued reports about the stock. Citigroup Inc. reiterated a “buy” rating and set a $67.00 price target (up from $62.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Barclays PLC restated a “buy” rating on shares of PayPal Holdings in a research report on Tuesday. Nomura upped their target price on shares of PayPal Holdings from $57.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. Stifel Nicolaus upped their target price on shares of PayPal Holdings from $61.00 to $70.00 and gave the stock a “hold” rating in a research report on Sunday, October 22nd. Finally, Zacks Investment Research upgraded shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Thursday, October 26th. Ten research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $73.11.

PayPal Holdings (NASDAQ:PYPL) opened at $77.77 on Monday. PayPal Holdings has a one year low of $38.06 and a one year high of $78.43. The stock has a market cap of $91,357.19, a PE ratio of 54.29, a PEG ratio of 3.11 and a beta of 1.03.

Several institutional investors have recently bought and sold shares of the company. FMR LLC lifted its position in shares of PayPal Holdings by 36.1% in the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock worth $4,415,371,000 after buying an additional 21,814,940 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of PayPal Holdings by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock worth $4,173,311,000 after buying an additional 2,115,017 shares during the last quarter. BlackRock Inc. lifted its position in shares of PayPal Holdings by 4.7% in the 2nd quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock worth $3,377,936,000 after buying an additional 2,835,027 shares during the last quarter. Fundsmith LLP lifted its position in shares of PayPal Holdings by 6.8% in the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock worth $754,131,000 after buying an additional 889,976 shares during the last quarter. Finally, TIAA CREF Investment Management LLC lifted its position in shares of PayPal Holdings by 0.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 12,608,026 shares of the credit services provider’s stock worth $676,673,000 after buying an additional 84,888 shares during the last quarter. Institutional investors own 82.77% of the company’s stock.

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.

Earnings History and Estimates for PayPal Holdings (NASDAQ:PYPL)

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