William Blair reissued their buy rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a research report report published on Friday morning. William Blair also issued estimates for PayPal Holdings’ Q1 2018 earnings at $0.41 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.40 EPS and Q4 2018 earnings at $0.44 EPS.

A number of other research analysts also recently issued reports on PYPL. Citigroup Inc. reiterated a buy rating and set a $67.00 price objective (up from $62.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Mizuho reiterated a neutral rating and set a $48.00 price objective on shares of PayPal Holdings in a report on Wednesday, June 28th. Nomura increased their price objective on PayPal Holdings from $57.00 to $68.00 and gave the stock a buy rating in a report on Thursday, July 27th. Cantor Fitzgerald reiterated a buy rating and set a $79.00 price objective on shares of PayPal Holdings in a report on Friday. Finally, Royal Bank Of Canada reiterated a buy rating and set a $52.00 price objective on shares of PayPal Holdings in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty-two have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $69.39.

PayPal Holdings (NASDAQ PYPL) opened at 69.80 on Friday. The stock has a market cap of $83.93 billion, a PE ratio of 56.29 and a beta of 0.98. The firm’s 50-day moving average price is $65.10 and its 200 day moving average price is $65.10. PayPal Holdings has a 1-year low of $38.06 and a 1-year high of $71.73.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a return on equity of 11.46% and a net margin of 12.69%. PayPal Holdings’s revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 earnings per share. Equities research analysts expect that PayPal Holdings will post $1.86 EPS for the current year.

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In other PayPal Holdings news, COO William J. Ready sold 90,000 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $59.25, for a total value of $5,332,500.00. Following the sale, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the sale, the director now owns 124,516 shares in the company, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. Insiders sold a total of 261,351 shares of company stock worth $15,302,809 in the last quarter. Corporate insiders own 6.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marcus Capital LLC lifted its stake in shares of PayPal Holdings by 1.1% in the 1st quarter. Marcus Capital LLC now owns 53,450 shares of the credit services provider’s stock valued at $2,299,000 after purchasing an additional 600 shares during the period. Beacon Trust Co. lifted its stake in shares of PayPal Holdings by 3.0% in the 1st quarter. Beacon Trust Co. now owns 137,607 shares of the credit services provider’s stock valued at $5,779,000 after purchasing an additional 4,024 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of PayPal Holdings by 28.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 91,395 shares of the credit services provider’s stock valued at $3,932,000 after purchasing an additional 20,498 shares during the period. Mason Street Advisors LLC lifted its stake in shares of PayPal Holdings by 1.1% in the 1st quarter. Mason Street Advisors LLC now owns 155,197 shares of the credit services provider’s stock valued at $6,677,000 after purchasing an additional 1,688 shares during the period. Finally, LBA Wealth Management LLC lifted its stake in shares of PayPal Holdings by 9.6% in the 1st quarter. LBA Wealth Management LLC now owns 5,730 shares of the credit services provider’s stock valued at $247,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 82.47% 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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