Credit Agricole SA set a $38.00 price target on Paypal Holdings Inc. (NASDAQ:PYPL) in a research note issued to investors on Thursday. The brokerage currently has a a sell rating on the stock.

Other analysts also recently issued research reports about the company. William Blair reiterated a buy rating on shares of Paypal Holdings in a research report on Tuesday, May 24th. Vetr downgraded Paypal Holdings from a strong-buy rating to a buy rating and set a $42.57 price objective for the company. in a research report on Monday, May 23rd. Cantor Fitzgerald reiterated a buy rating and issued a $48.00 price objective on shares of Paypal Holdings in a research report on Sunday, May 22nd. Canaccord Genuity reiterated a buy rating on shares of Paypal Holdings in a research report on Thursday, May 19th. Finally, Jefferies Group reiterated a buy rating and issued a $48.00 price objective on shares of Paypal Holdings in a research report on Thursday, June 2nd. Three research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty have issued a buy rating to the company. Paypal Holdings presently has a consensus rating of Hold and a consensus price target of $43.68.

Paypal Holdings (NASDAQ:PYPL) opened at 40.01 on Thursday. Paypal Holdings has a 12 month low of $30.30 and a 12 month high of $41.75. The firm has a 50 day moving average price of $38.14 and a 200-day moving average price of $38.34. The firm has a market capitalization of $47.29 billion, a price-to-earnings ratio of 36.37 and a beta of 1.13.

Paypal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, July 21st. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.60 billion. Paypal Holdings had a return on equity of 10.60% and a net margin of 13.55%. During the same quarter last year, the firm posted $0.32 EPS. On average, equities analysts forecast that Paypal Holdings will post $1.50 EPS for the current year.

In other Paypal Holdings news, SVP William J. Ready sold 26,037 shares of the business’s stock in a transaction that occurred on Tuesday, July 26th. The stock was sold at an average price of $38.04, for a total transaction of $990,447.48. Following the transaction, the senior vice president now owns 105,906 shares of the company’s stock, valued at $4,028,664.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP William J. Ready sold 48,963 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $38.00, for a total value of $1,860,594.00. Following the transaction, the senior vice president now directly owns 56,943 shares in the company, valued at approximately $2,163,834. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Rehmann Capital Advisory Group increased its position in shares of Paypal Holdings by 1.1% in the first quarter. Rehmann Capital Advisory Group now owns 7,730 shares of the company’s stock worth $298,000 after buying an additional 84 shares during the period. Assetmark Inc. increased its position in shares of Paypal Holdings by 2.5% in the second quarter. Assetmark Inc. now owns 3,548 shares of the company’s stock worth $130,000 after buying an additional 88 shares during the period. Quadrant Capital Management LLC increased its position in shares of Paypal Holdings by 0.3% in the second quarter. Quadrant Capital Management LLC now owns 27,968 shares of the company’s stock worth $1,021,000 after buying an additional 90 shares during the period. Parsons Capital Management Inc. RI increased its position in shares of Paypal Holdings by 0.3% in the second quarter. Parsons Capital Management Inc. RI now owns 32,090 shares of the company’s stock worth $1,172,000 after buying an additional 92 shares during the period. Finally, Trust Co. of Vermont increased its position in shares of Paypal Holdings by 0.7% in the second quarter. Trust Co. of Vermont now owns 14,613 shares of the company’s stock worth $534,000 after buying an additional 106 shares during the period. 78.89% of the stock is currently owned by hedge funds and other institutional investors.

Paypal Holdings Company Profile

PayPal Holdings, Inc (PayPal) is a technology platform company that enables digital and mobile payments on behalf of consumers and merchants across the world. The Company allows businesses of all sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions.

5 Day Chart for NASDAQ:PYPL

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