Cowen and Company restated their market perform rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a research report report published on Thursday morning. They currently have a $52.00 price target on the credit services provider’s stock, up from their prior price target of $48.00.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada lifted their target price on PayPal Holdings from $50.00 to $52.00 and gave the stock an outperform rating in a report on Thursday, April 27th. Monness Crespi & Hardt lifted their target price on PayPal Holdings from $50.00 to $54.00 and gave the stock a buy rating in a report on Thursday, April 27th. UBS AG reiterated a neutral rating and issued a $48.00 target price (up previously from $44.00) on shares of PayPal Holdings in a report on Friday, April 28th. Vetr upgraded PayPal Holdings from a hold rating to a buy rating and set a $51.23 target price for the company in a report on Wednesday, May 17th. Finally, Citigroup Inc. reiterated a buy rating and issued a $62.00 target price (up previously from $52.00) on shares of PayPal Holdings in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, thirty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $59.49.

PayPal Holdings (PYPL) traded down 0.600% during midday trading on Thursday, hitting $58.845. The stock had a trading volume of 2,962,565 shares. The firm has a market cap of $70.75 billion, a price-to-earnings ratio of 47.456 and a beta of 0.95. PayPal Holdings has a 52 week low of $36.28 and a 52 week high of $61.30. The firm has a 50 day moving average of $55.22 and a 200 day moving average of $47.26.

PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.36 EPS. Equities research analysts predict that PayPal Holdings will post $1.83 EPS for the current year.

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

In related news, Director Gail J. Mcgovern sold 1,800 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $53.97, for a total transaction of $97,146.00. Following the transaction, the director now directly owns 12,647 shares in the company, valued at approximately $682,558.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Gary J. Marino sold 1,350 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $52.48, for a total value of $70,848.00. Following the transaction, the executive vice president now owns 37,491 shares in the company, valued at $1,967,527.68. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,501 shares of company stock worth $240,989. 6.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. increased its stake in PayPal Holdings by 3.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 1,023,049 shares of the credit services provider’s stock valued at $44,012,000 after buying an additional 30,238 shares during the last quarter. Bridges Investment Management Inc. increased its stake in PayPal Holdings by 1.1% in the first quarter. Bridges Investment Management Inc. now owns 95,810 shares of the credit services provider’s stock valued at $4,122,000 after buying an additional 1,069 shares during the last quarter. F&V Capital Management LLC increased its stake in PayPal Holdings by 4.3% in the first quarter. F&V Capital Management LLC now owns 110,870 shares of the credit services provider’s stock valued at $4,770,000 after buying an additional 4,555 shares during the last quarter. Moreno Evelyn V increased its stake in PayPal Holdings by 3.5% in the first quarter. Moreno Evelyn V now owns 71,030 shares of the credit services provider’s stock valued at $3,055,000 after buying an additional 2,375 shares during the last quarter. Finally, Capital Investment Services of America Inc. increased its stake in PayPal Holdings by 0.7% in the first quarter. Capital Investment Services of America Inc. now owns 225,956 shares of the credit services provider’s stock valued at $9,721,000 after buying an additional 1,616 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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