PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “outperform” rating restated by Jefferies Group LLC in a research report issued on Monday.

Several other research firms have also commented on PYPL. Zacks Investment Research lowered shares of PayPal Holdings from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Morgan Stanley increased their price target on shares of PayPal Holdings from $76.00 to $77.00 and gave the company an “overweight” rating in a research report on Friday, October 20th. Robert W. Baird reiterated a “buy” rating and issued a $80.00 price target (up from $65.00) on shares of PayPal Holdings in a research report on Friday, October 20th. Bank of America Corporation reiterated a “buy” rating and issued a $78.00 price target (up from $71.00) on shares of PayPal Holdings in a research report on Friday, October 6th. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of PayPal Holdings in a research report on Tuesday, September 5th. Ten research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $72.88.

PayPal Holdings (NASDAQ:PYPL) traded up $0.04 during midday trading on Monday, reaching $76.42. 1,780,018 shares of the company traded hands, compared to its average volume of 7,638,588. The stock has a market capitalization of $91,801.88, a PE ratio of 54.56, a P/E/G ratio of 3.31 and a beta of 1.03. PayPal Holdings has a 52-week low of $38.06 and a 52-week high of $78.01.

PayPal Holdings (NASDAQ:PYPL) last issued its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same period in the prior year, the business posted $0.35 earnings per share. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. analysts expect that PayPal Holdings will post 1.37 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in the business. Atlantic Trust LLC raised its position in shares of PayPal Holdings by 16.0% during the 3rd quarter. Atlantic Trust LLC now owns 37,411 shares of the credit services provider’s stock worth $2,395,000 after buying an additional 5,151 shares in the last quarter. Salem Investment Counselors Inc. raised its position in shares of PayPal Holdings by 69.4% during the 3rd quarter. Salem Investment Counselors Inc. now owns 48,796 shares of the credit services provider’s stock worth $3,143,000 after buying an additional 19,991 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of PayPal Holdings by 10.7% during the 3rd quarter. Moors & Cabot Inc. now owns 8,756 shares of the credit services provider’s stock worth $558,000 after buying an additional 845 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in shares of PayPal Holdings during the 3rd quarter worth about $1,289,000. Finally, Cetera Advisors LLC raised its position in shares of PayPal Holdings by 14.3% during the 3rd quarter. Cetera Advisors LLC now owns 5,449 shares of the credit services provider’s stock worth $346,000 after buying an additional 682 shares in the last quarter. Institutional investors own 82.77% 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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