Paypal Holdings Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Group in a note issued to investors on Tuesday. They presently have a $48.00 price objective on the stock. Jefferies Group’s price target indicates a potential upside of 19.14% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Deutsche Bank AG reissued a “buy” rating and set a $44.00 price target on shares of Paypal Holdings in a research note on Tuesday, June 28th. William Blair reaffirmed a “buy” rating on shares of Paypal Holdings in a research report on Tuesday, May 24th. Vetr lowered Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $42.57 target price for the company. in a research report on Monday, May 23rd. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Paypal Holdings in a research report on Saturday, June 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Paypal Holdings in a research report on Tuesday, July 12th. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $43.68.

Analyst Recommendations for Paypal Holdings (NASDAQ:PYPL)

Shares of Paypal Holdings (NASDAQ:PYPL) opened at 40.29 on Tuesday. The company has a market cap of $47.62 billion, a P/E ratio of 36.63 and a beta of 1.13. Paypal Holdings has a 52-week low of $30.30 and a 52-week high of $41.75. The company has a 50-day moving average price of $38.33 and a 200-day moving average price of $38.36.

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

In related news, SVP William J. Ready sold 48,963 shares of the company’s stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 56,943 shares of the company’s stock, valued at approximately $2,163,834. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tomer Barel sold 5,862 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $37.21, for a total value of $218,125.02. Following the completion of the transaction, the senior vice president now directly owns 27,017 shares of the company’s stock, valued at approximately $1,005,302.57. The disclosure for this sale can be found here. 7.00% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Orbis Allan Gray Ltd purchased a new position in shares of Paypal Holdings during the first quarter worth approximately $606,807,000. Vontobel Asset Management Inc. purchased a new position in shares of Paypal Holdings during the first quarter worth approximately $344,065,000. Fundsmith LLP boosted its position in shares of Paypal Holdings by 114.2% in the second quarter. Fundsmith LLP now owns 9,896,155 shares of the company’s stock worth $361,309,000 after buying an additional 5,276,062 shares during the last quarter. Coatue Management LLC boosted its position in shares of Paypal Holdings by 107.1% in the second quarter. Coatue Management LLC now owns 8,983,256 shares of the company’s stock worth $327,979,000 after buying an additional 4,645,171 shares during the last quarter. Finally, Pennant Capital Management LLC purchased a new position in shares of Paypal Holdings during the first quarter worth approximately $123,662,000. 78.77% of the stock is owned by institutional investors.

About Paypal Holdings

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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