Credit Suisse Group reaffirmed their outperform rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a research note issued to investors on Thursday. Credit Suisse Group currently has a $63.00 target price on the credit services provider’s stock, up from their previous target price of $56.00.

Several other analysts have also recently issued reports on PYPL. TheStreet upgraded PayPal Holdings from a c rating to a b- rating in a research note on Monday, July 3rd. Monness Crespi & Hardt increased their price objective on PayPal Holdings from $50.00 to $54.00 and gave the company a buy rating in a research note on Thursday, April 27th. Stifel Nicolaus reiterated a buy rating and issued a $49.00 price objective on shares of PayPal Holdings in a research note on Sunday, April 23rd. Jefferies Group LLC reiterated a buy rating and issued a $52.00 price objective on shares of PayPal Holdings in a research note on Wednesday, April 19th. Finally, Cantor Fitzgerald reiterated a buy rating and issued a $53.00 price objective (up from $48.00) on shares of PayPal Holdings in a research note on Thursday, April 27th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $59.49.

PayPal Holdings (NASDAQ PYPL) traded down 0.61% during mid-day trading on Thursday, hitting $58.84. The company had a trading volume of 2,962,260 shares. The company has a 50-day moving average price of $55.22 and a 200 day moving average price of $47.26. PayPal Holdings has a 12 month low of $36.28 and a 12 month high of $61.30. The firm has a market capitalization of $70.75 billion, a P/E ratio of 47.45 and a beta of 0.95.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the firm earned $0.36 earnings per share. The firm’s revenue was up 18.3% compared to the same quarter last year. Equities analysts forecast that PayPal Holdings will post $1.83 EPS for the current fiscal year.

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PayPal Holdings announced that its Board of Directors has approved a share buyback plan on Wednesday, April 26th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the credit services provider to reacquire up to 9.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

In related news, EVP Gary J. Marino sold 1,351 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $54.03, for a total value of $72,994.53. Following the completion of the sale, the executive vice president now owns 37,491 shares in the company, valued at $2,025,638.73. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Gary J. Marino sold 1,350 shares of the firm’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $52.48, for a total transaction of $70,848.00. Following the completion of the sale, the executive vice president now owns 37,491 shares of the company’s stock, valued at approximately $1,967,527.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,501 shares of company stock valued at $240,989. 6.00% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Howland Capital Management LLC increased its stake in shares of PayPal Holdings by 0.4% in the first quarter. Howland Capital Management LLC now owns 5,524 shares of the credit services provider’s stock worth $238,000 after buying an additional 24 shares during the last quarter. Norway Savings Bank increased its stake in shares of PayPal Holdings by 0.5% in the first quarter. Norway Savings Bank now owns 5,300 shares of the credit services provider’s stock worth $228,000 after buying an additional 25 shares during the last quarter. Bangor Savings Bank increased its stake in shares of PayPal Holdings by 0.3% in the first quarter. Bangor Savings Bank now owns 12,480 shares of the credit services provider’s stock worth $537,000 after buying an additional 34 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in shares of PayPal Holdings by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock worth $187,000 after buying an additional 38 shares during the last quarter. Finally, Sheets Smith Wealth Management increased its stake in shares of PayPal Holdings by 1.0% in the first quarter. Sheets Smith Wealth Management now owns 7,715 shares of the credit services provider’s stock worth $332,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 81.26% of the company’s stock.

PayPal Holdings Company Profile

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

Analyst Recommendations for PayPal Holdings (NASDAQ:PYPL)

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