Paypal (NASDAQ:PYPL) had its target price raised by investment analysts at Canaccord Genuity from $85.00 to $88.00 in a research note issued on Friday. The brokerage currently has a “hold” rating on the credit services provider’s stock. Canaccord Genuity’s price target points to a potential upside of 4.74% from the company’s current price.

PYPL has been the topic of a number of other research reports. Zacks Investment Research downgraded Paypal from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. BidaskClub downgraded Paypal from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 18th. Credit Suisse Group lifted their price objective on Paypal from $93.00 to $100.00 and gave the stock a “$87.38” rating in a research note on Thursday, July 19th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Paypal in a research note on Wednesday, August 29th. Finally, Wells Fargo & Co boosted their target price on Paypal from $95.00 to $101.00 and gave the company an “outperform” rating in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $92.65.

NASDAQ:PYPL traded up $6.54 during trading hours on Friday, reaching $84.02. The stock had a trading volume of 1,993,794 shares, compared to its average volume of 10,803,523. Paypal has a 52 week low of $66.16 and a 52 week high of $93.70. The company has a market cap of $94.80 billion, a price-to-earnings ratio of 60.45, a PEG ratio of 2.60 and a beta of 1.31.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.04. Paypal had a return on equity of 12.91% and a net margin of 14.02%. The business had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter in the previous year, the company posted $0.46 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. On average, equities research analysts expect that Paypal will post 1.74 EPS for the current fiscal year.

In related news, VP Aaron Anderson sold 17,062 shares of the business’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $88.22, for a total transaction of $1,505,209.64. Following the completion of the transaction, the vice president now owns 9,921 shares in the company, valued at approximately $875,230.62. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel H. Schulman sold 26,000 shares of the business’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $89.57, for a total value of $2,328,820.00. Following the transaction, the insider now owns 331,506 shares of the company’s stock, valued at approximately $29,692,992.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 149,732 shares of company stock valued at $13,204,157. 0.20% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of Paypal by 1.5% in the 2nd quarter. BlackRock Inc. now owns 71,049,407 shares of the credit services provider’s stock worth $5,916,285,000 after buying an additional 1,060,330 shares during the period. Edgewood Management LLC lifted its holdings in shares of Paypal by 2.5% in the 2nd quarter. Edgewood Management LLC now owns 16,448,586 shares of the credit services provider’s stock worth $1,369,674,000 after buying an additional 396,410 shares during the period. Fundsmith Equity Fund L.P. purchased a new stake in shares of Paypal in the 2nd quarter worth $1,266,514,000. Third Point LLC purchased a new stake in shares of Paypal in the 2nd quarter worth $832,700,000. Finally, American Century Companies Inc. lifted its holdings in shares of Paypal by 15.0% in the 2nd quarter. American Century Companies Inc. now owns 9,428,321 shares of the credit services provider’s stock worth $785,096,000 after buying an additional 1,227,210 shares during the period. Institutional investors own 79.71% of the company’s stock.

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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