Paypal (NASDAQ:PYPL) had its price objective boosted by BMO Capital Markets from $112.00 to $119.00 in a research note released on Friday, MarketBeat.com reports. BMO Capital Markets currently has an outperform rating on the credit services provider’s stock.

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

Shares of NASDAQ PYPL traded up $7.30 during trading hours on Friday, hitting $84.78. 34,136,589 shares of the stock were exchanged, compared to its average volume of 11,462,846. The firm has a market capitalization of $91.71 billion, a price-to-earnings ratio of 60.99, a P/E/G ratio of 2.51 and a beta of 1.31. Paypal has a 1-year low of $68.61 and a 1-year high of $93.70.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Thursday, October 18th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.04. The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.66 billion. Paypal had a net margin of 13.98% and a return on equity of 13.58%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. Equities research analysts predict that Paypal will post 1.74 earnings per share for the current year.

In other news, VP Aaron Anderson sold 17,062 shares of the firm’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 completion of the transaction, the vice president now owns 9,921 shares of the company’s stock, valued at $875,230.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel H. Schulman sold 26,000 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $89.57, for a total transaction of $2,328,820.00. Following the transaction, the insider now directly 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. Insiders have sold 149,732 shares of company stock valued at $13,204,157 in the last ninety days. Insiders own 0.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. raised its stake in Paypal by 50.8% during the second quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock worth $142,000 after buying an additional 580 shares during the last quarter. M&R Capital Management Inc. raised its stake in Paypal by 10.5% during the second quarter. M&R Capital Management Inc. now owns 6,180 shares of the credit services provider’s stock worth $514,000 after buying an additional 585 shares during the last quarter. Twin Capital Management Inc. raised its stake in Paypal by 1.0% during the second quarter. Twin Capital Management Inc. now owns 58,010 shares of the credit services provider’s stock worth $4,830,000 after buying an additional 600 shares during the last quarter. Bremer Trust National Association raised its stake in Paypal by 4.5% during the second quarter. Bremer Trust National Association now owns 13,952 shares of the credit services provider’s stock worth $1,162,000 after buying an additional 605 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. raised its stake in Paypal by 19.7% during the second quarter. Laurel Wealth Advisors Inc. now owns 3,744 shares of the credit services provider’s stock worth $311,000 after buying an additional 615 shares during the last quarter. 79.71% of the stock is owned by hedge funds and other 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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