PayPal Holdings, Inc. (NASDAQ:PYPL) had its price target hoisted by Deutsche Bank AG from $61.00 to $64.00 in a research report released on Thursday. Deutsche Bank AG currently has a buy rating on the credit services provider’s stock.

Several other research firms have also issued reports on PYPL. Vetr lowered PayPal Holdings from a hold rating to a sell rating and set a $56.88 price target on the stock. in a research report on Tuesday, July 18th. Zacks Investment Research raised PayPal Holdings from a hold rating to a buy rating and set a $64.00 price target on the stock in a research report on Wednesday, July 19th. SunTrust Banks, Inc. lowered PayPal Holdings from a buy rating to a hold rating and set a $60.00 price target on the stock. in a research report on Wednesday, July 19th. They noted that the move was a valuation call. Jefferies Group LLC reissued a buy rating and set a $68.00 price target (up from $61.00) on shares of PayPal Holdings in a research report on Monday, July 24th. Finally, BTIG Research reissued a buy rating and set a $63.00 price target on shares of PayPal Holdings in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $59.49.

PayPal Holdings (NASDAQ:PYPL) traded down 0.52% during mid-day trading on Thursday, reaching $58.89. 2,217,357 shares of the company’s stock were exchanged. PayPal Holdings has a 52 week low of $36.28 and a 52 week high of $61.30. The company has a market capitalization of $70.81 billion, a P/E ratio of 47.49 and a beta of 0.95. The company’s 50 day moving average price is $55.22 and its 200-day moving average price is $47.26.

PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 analyst estimates of $3.09 billion. During the same period in the prior year, the company posted $0.36 EPS. PayPal Holdings’s quarterly revenue was up 18.3% on a year-over-year basis. On average, equities research analysts expect that PayPal Holdings will post $1.83 earnings per share for the current fiscal year.

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PayPal Holdings declared that its board has approved a stock buyback program on Wednesday, April 26th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the credit services provider to reacquire up to 9.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

In other PayPal Holdings news, EVP Gary J. Marino sold 1,351 shares of PayPal Holdings stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $54.03, for a total value of $72,994.53. Following the completion of the transaction, the executive vice president now owns 37,491 shares in the company, valued at approximately $2,025,638.73. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Gary J. Marino sold 1,350 shares of PayPal Holdings stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $52.48, for a total value of $70,848.00. Following the completion of the transaction, 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. Insiders have sold a total of 4,501 shares of company stock valued at $240,989 in the last 90 days. 6.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of PYPL. Benjamin F. Edwards & Company Inc. increased its position in shares of PayPal Holdings by 236.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 14,586 shares of the credit services provider’s stock valued at $627,000 after buying an additional 10,250 shares during the last quarter. Comerica Bank increased its position in shares of PayPal Holdings by 2.3% in the first quarter. Comerica Bank now owns 466,588 shares of the credit services provider’s stock valued at $21,999,000 after buying an additional 10,270 shares during the last quarter. Clean Yield Group acquired a new position in shares of PayPal Holdings during the first quarter valued at about $127,000. Checchi Capital Advisers LLC increased its position in shares of PayPal Holdings by 8.6% in the first quarter. Checchi Capital Advisers LLC now owns 12,907 shares of the credit services provider’s stock valued at $555,000 after buying an additional 1,025 shares during the last quarter. Finally, Wealth Architects LLC acquired a new position in shares of PayPal Holdings during the first quarter valued at about $310,000. Hedge funds and other institutional investors own 81.26% of the company’s stock.

About PayPal Holdings

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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