Paypal (NASDAQ:PYPL) had its price target increased by equities researchers at Jefferies Group from $86.00 to $95.00 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm currently has a “buy” rating on the credit services provider’s stock. Jefferies Group’s target price would indicate a potential upside of 13.31% from the company’s previous close.

A number of other research analysts also recently commented on the stock. Credit Suisse Group reissued an “outperform” rating and issued a $85.00 price objective (up previously from $74.00) on shares of Paypal in a research report on Friday, November 17th. Barclays lifted their price objective on shares of Paypal from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. Citigroup reissued a “buy” rating and issued a $87.00 price objective on shares of Paypal in a research report on Friday, November 17th. Zacks Investment Research downgraded shares of Paypal from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, Argus lifted their price objective on shares of Paypal from $80.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, November 17th. Ten equities research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $76.55.

Paypal (NASDAQ:PYPL) traded up $0.90 during trading on Thursday, reaching $83.84. 8,751,388 shares of the company were exchanged, compared to its average volume of 7,660,000. The company has a market capitalization of $101,860.00 and a P/E ratio of 65.50. Paypal has a 1-year low of $39.02 and a 1-year high of $84.19.

Paypal (NASDAQ:PYPL) last released its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 earnings per share. equities research analysts predict that Paypal will post 1.37 EPS for the current year.

In other news, Director Rodney C. Adkins bought 6,750 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was bought at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the transaction, the director now owns 10,149 shares of the company’s stock, valued at $751,431.96. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.00% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the company. Westside Investment Management Inc. increased its position in Paypal by 0.4% during the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after purchasing an additional 60 shares in the last quarter. Calamos Wealth Management LLC increased its position in Paypal by 0.3% during the 2nd quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock worth $2,086,000 after purchasing an additional 98 shares in the last quarter. Ropes Wealth Advisors LLC increased its position in Paypal by 1.2% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 8,642 shares of the credit services provider’s stock worth $464,000 after purchasing an additional 99 shares in the last quarter. Linscomb & Williams Inc. increased its position in Paypal by 0.7% during the 2nd quarter. Linscomb & Williams Inc. now owns 16,248 shares of the credit services provider’s stock worth $872,000 after purchasing an additional 117 shares in the last quarter. Finally, Green Square Capital LLC increased its position in Paypal by 2.0% during the 2nd quarter. Green Square Capital LLC now owns 6,748 shares of the credit services provider’s stock worth $362,000 after purchasing an additional 133 shares in the last quarter. Institutional investors own 81.90% of the company’s stock.

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About Paypal

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.

Analyst Recommendations for Paypal (NASDAQ:PYPL)

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