Paypal Holdings Inc (NASDAQ:PYPL) has been given a consensus recommendation of “Buy” by the forty-five research firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $91.02.

Several brokerages have recently issued reports on PYPL. Berenberg Bank began coverage on Paypal in a research report on Thursday, August 30th. They set a “buy” rating and a $104.00 price objective for the company. BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a report on Friday, August 31st. Zacks Investment Research cut Paypal from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. Raymond James raised Paypal from a “market perform” rating to an “outperform” rating and set a $108.00 target price on the stock in a report on Friday. Finally, KeyCorp reissued an “overweight” rating and set a $100.00 target price (up previously from $95.00) on shares of Paypal in a report on Wednesday, July 25th.

Shares of NASDAQ PYPL traded up $0.72 during midday trading on Friday, hitting $89.40. 100,371 shares of the company’s stock were exchanged, compared to its average volume of 6,118,838. The company has a market cap of $107.45 billion, a PE ratio of 64.39, a P/E/G ratio of 2.97 and a beta of 1.29. Paypal has a twelve month low of $62.37 and a twelve month high of $93.70.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, July 25th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.17. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $3.81 billion. Paypal had a return on equity of 12.91% and a net margin of 14.02%. The business’s revenue was up 23.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 earnings per share. equities research analysts forecast that Paypal will post 1.72 earnings per share for the current year.

In other Paypal news, insider Daniel H. Schulman sold 26,000 shares of the business’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $92.43, for a total transaction of $2,403,180.00. Following the sale, the insider now directly owns 323,316 shares of the company’s stock, valued at approximately $29,884,097.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Aaron Anderson sold 17,062 shares of the business’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $88.22, for a total transaction of $1,505,209.64. Following the sale, the vice president now directly owns 9,921 shares in the company, valued at $875,230.62. The disclosure for this sale can be found here. Insiders sold 149,732 shares of company stock worth $13,044,257 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Itau Unibanco Holding S.A. grew its holdings in shares of Paypal by 50.8% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock valued at $142,000 after acquiring an additional 580 shares in the last quarter. M&R Capital Management Inc. boosted its holdings in Paypal by 10.5% in the second quarter. M&R Capital Management Inc. now owns 6,180 shares of the credit services provider’s stock worth $514,000 after purchasing an additional 585 shares in the last quarter. Twin Capital Management Inc. boosted its holdings in Paypal by 1.0% in the second quarter. Twin Capital Management Inc. now owns 58,010 shares of the credit services provider’s stock worth $4,830,000 after purchasing an additional 600 shares in the last quarter. Bremer Trust National Association boosted its holdings in Paypal by 4.5% in the second quarter. Bremer Trust National Association now owns 13,952 shares of the credit services provider’s stock worth $1,162,000 after purchasing an additional 605 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. boosted its holdings in Paypal by 19.7% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,744 shares of the credit services provider’s stock worth $311,000 after purchasing an additional 615 shares in the last quarter. 79.59% of the stock is currently owned by institutional investors.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Analyst Recommendations for Paypal (NASDAQ:PYPL)

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