Paypal Holdings Inc (NASDAQ:PYPL) has been assigned an average rating of “Buy” from the forty-five analysts that are currently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $91.02.

A number of research firms recently weighed in on PYPL. Berenberg Bank began coverage on shares of Paypal in a research report on Thursday, August 30th. They set a “buy” rating and a $104.00 price target on the stock. BidaskClub upgraded shares of Paypal from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 31st. Zacks Investment Research lowered shares of Paypal from a “buy” rating to a “hold” rating in a research report on Wednesday, July 25th. Raymond James upgraded shares of Paypal from a “market perform” rating to an “outperform” rating and set a $108.00 price target on the stock in a research report on Friday. Finally, KeyCorp restated an “overweight” rating and set a $100.00 price target (up from $95.00) on shares of Paypal in a research report on Wednesday, July 25th.

In other news, CFO John D. Rainey sold 5,462 shares of the company’s stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $88.22, for a total value of $481,857.64. Following the transaction, the chief financial officer now directly owns 113,307 shares in the company, valued at approximately $9,995,943.54. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Daniel H. Schulman sold 26,000 shares of the company’s stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $83.42, for a total transaction of $2,168,920.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 149,732 shares of company stock worth $13,044,257. Company insiders own 0.20% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in Paypal during the 2nd quarter worth approximately $324,000. Schroder Investment Management Group increased its stake in Paypal by 16.1% during the 2nd quarter. Schroder Investment Management Group now owns 68,480 shares of the credit services provider’s stock worth $5,648,000 after buying an additional 9,495 shares during the period. Advisors Asset Management Inc. increased its stake in Paypal by 9.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 350,810 shares of the credit services provider’s stock worth $29,212,000 after buying an additional 31,025 shares during the period. Public Employees Retirement System of Ohio increased its stake in Paypal by 44.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,094,873 shares of the credit services provider’s stock worth $91,170,000 after buying an additional 336,807 shares during the period. Finally, Mount Yale Investment Advisors LLC increased its stake in Paypal by 13.1% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 14,924 shares of the credit services provider’s stock worth $1,243,000 after buying an additional 1,732 shares during the period. Hedge funds and other institutional investors own 79.66% of the company’s stock.

PYPL stock opened at $90.78 on Friday. The stock has a market cap of $109.37 billion, a PE ratio of 65.31, a P/E/G ratio of 3.02 and a beta of 1.30. Paypal has a 52 week low of $61.96 and a 52 week high of $93.70.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, July 25th. The credit services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.17. The business had revenue of $3.86 billion during the quarter, compared to analysts’ expectations of $3.81 billion. Paypal had a net margin of 14.02% and a return on equity of 12.91%. The company’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 earnings per share. research analysts forecast that Paypal will post 1.72 EPS for the current fiscal year.

About Paypal

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Recommended Story: Price to Earnings Ratio (PE), For Valuing Stocks

Analyst Recommendations for Paypal (NASDAQ:PYPL)

Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.