Piper Jaffray Companies reiterated their hold rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a report released on Friday. Piper Jaffray Companies currently has a $57.00 price objective on the credit services provider’s stock.

Other equities analysts have also recently issued reports about the company. TheStreet upgraded PayPal Holdings from a c rating to a b- rating in a research report on Monday, July 3rd. Jefferies Group LLC restated a buy rating and set a $52.00 target price on shares of PayPal Holdings in a research report on Wednesday, April 19th. Stifel Nicolaus restated a buy rating and set a $49.00 target price on shares of PayPal Holdings in a research report on Sunday, April 23rd. Monness Crespi & Hardt boosted their target price on PayPal Holdings from $50.00 to $54.00 and gave the stock a buy rating in a research report on Thursday, April 27th. Finally, Cantor Fitzgerald restated a buy rating and set a $53.00 target price (up from $48.00) on shares of PayPal Holdings in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. PayPal Holdings has an average rating of Buy and a consensus price target of $59.49.

Shares of PayPal Holdings (NASDAQ PYPL) opened at 59.12 on Friday. The firm has a market capitalization of $71.09 billion, a price-to-earnings ratio of 47.68 and a beta of 0.95. PayPal Holdings has a 1-year low of $36.28 and a 1-year high of $61.30. The company has a 50-day moving average price of $55.37 and a 200 day moving average price of $47.47.

PayPal Holdings (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 26th. The credit services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s revenue was up 18.3% on a year-over-year basis. On average, equities research analysts predict that PayPal Holdings will post $1.83 EPS for the current year.

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PayPal Holdings announced that its board has authorized a stock repurchase program on Wednesday, April 26th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the credit services provider to reacquire up to 9.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

In related news, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 37,491 shares in the company, valued at approximately $2,025,638.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gary J. Marino sold 1,350 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 37,491 shares in the company, valued at approximately $1,967,527.68. The disclosure for this sale can be found here. Insiders sold a total of 4,501 shares of company stock worth $240,989 in the last 90 days. 6.00% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Howland Capital Management LLC increased its stake in PayPal Holdings by 0.4% in the first quarter. Howland Capital Management LLC now owns 5,524 shares of the credit services provider’s stock valued at $238,000 after buying an additional 24 shares during the last quarter. Norway Savings Bank increased its stake in PayPal Holdings by 0.5% in the first quarter. Norway Savings Bank now owns 5,300 shares of the credit services provider’s stock valued at $228,000 after buying an additional 25 shares during the last quarter. Bangor Savings Bank increased its stake in PayPal Holdings by 0.3% in the first quarter. Bangor Savings Bank now owns 12,480 shares of the credit services provider’s stock valued at $537,000 after buying an additional 34 shares during the last quarter. Guardian Life Insurance Co. of America increased its stake in PayPal Holdings by 0.9% in the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock valued at $187,000 after buying an additional 38 shares during the last quarter. Finally, Sheets Smith Wealth Management increased its stake in PayPal Holdings by 1.0% in the first quarter. Sheets Smith Wealth Management now owns 7,715 shares of the credit services provider’s stock valued at $332,000 after buying an additional 75 shares during the last quarter. 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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