PayPal Holdings, Inc. (NASDAQ:PYPL) had its price target lifted by Wells Fargo & Company from $65.00 to $70.00 in a report published on Friday. Wells Fargo & Company currently has a market perform rating on the credit services provider’s stock.

Several other research analysts have also commented on PYPL. SunTrust Banks, Inc. reiterated a hold rating and set a $75.00 price objective on shares of PayPal Holdings in a research note on Friday. Mizuho reiterated a hold rating and set a $50.00 price objective on shares of PayPal Holdings in a research note on Sunday, October 15th. Craig Hallum reiterated a buy rating and set a $83.00 price objective (up previously from $67.00) on shares of PayPal Holdings in a research note on Tuesday. Loop Capital boosted their price objective on shares of PayPal Holdings from $57.00 to $67.00 and gave the stock a hold rating in a research note on Friday. Finally, KeyCorp reiterated an overweight rating and set a $75.00 price objective (up previously from $70.00) on shares of PayPal Holdings in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company. PayPal Holdings presently has an average rating of Buy and an average price target of $69.07.

Shares of PayPal Holdings (NASDAQ:PYPL) traded up 5.53% during midday trading on Friday, hitting $70.97. 34,282,802 shares of the company traded hands. The company has a 50-day moving average price of $64.95 and a 200-day moving average price of $64.95. The stock has a market capitalization of $85.33 billion, a P/E ratio of 57.23 and a beta of 0.98. PayPal Holdings has a 52 week low of $38.06 and a 52 week high of $71.73.

PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.43 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.46%. PayPal Holdings’s revenue was up 21.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.35 EPS. Analysts anticipate that PayPal Holdings will post $1.84 earnings per share for the current fiscal year.

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In related news, Director John J. Donahoe sold 170,000 shares of the stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the sale, the director now directly owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $59.00, for a total transaction of $79,709.00. Following the sale, the executive vice president now directly owns 37,492 shares in the company, valued at $2,212,028. The disclosure for this sale can be found here. Insiders have sold 261,351 shares of company stock worth $15,302,809 over the last three months. 6.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in PYPL. BlackRock Inc. lifted its holdings in PayPal Holdings by 2,792.8% during the first quarter. BlackRock Inc. now owns 60,103,922 shares of the credit services provider’s stock valued at $2,585,670,000 after purchasing an additional 58,026,239 shares in the last quarter. FMR LLC lifted its holdings in PayPal Holdings by 36.1% during the second quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after purchasing an additional 21,814,940 shares in the last quarter. Capital World Investors lifted its holdings in PayPal Holdings by 313.5% during the second quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock valued at $330,127,000 after purchasing an additional 4,663,337 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in PayPal Holdings by 1,064.7% during the second quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock valued at $260,921,000 after purchasing an additional 4,444,097 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in PayPal Holdings by 100.7% during the second quarter. American Century Companies Inc. now owns 8,080,639 shares of the credit services provider’s stock valued at $433,688,000 after purchasing an additional 4,054,993 shares in the last quarter. 82.47% of the stock is currently owned by hedge funds and other institutional investors.

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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