PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating restated by analysts at Royal Bank Of Canada in a research note issued on Tuesday. They presently have a $65.00 price target on the credit services provider’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 5.23% from the stock’s current price.

PYPL has been the subject of several other reports. BidaskClub raised PayPal Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Robert W. Baird reaffirmed an “outperform” rating and issued a $65.00 price objective (up from $59.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Vetr downgraded PayPal Holdings from a “buy” rating to a “hold” rating and set a $51.23 price objective for the company. in a research note on Wednesday, May 10th. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and issued a $72.00 price objective (up from $60.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Finally, Monness Crespi & Hardt raised their price target on PayPal Holdings from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $59.80.

Shares of PayPal Holdings (PYPL) opened at 61.77 on Tuesday. The stock has a market capitalization of $74.27 billion, a price-to-earnings ratio of 49.81 and a beta of 0.99. PayPal Holdings has a 12-month low of $36.30 and a 12-month high of $61.86. The company has a 50-day moving average of $58.61 and a 200 day moving average of $49.86. PayPal Holdings also was the recipient of some unusual options trading on Wednesday. Stock traders acquired 3,225 call options on the stock. This is an increase of 657% compared to the average daily volume of 426 call options.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share for the quarter, beating the 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 firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the business posted $0.36 EPS. PayPal Holdings’s quarterly revenue was up 18.3% on a year-over-year basis. Analysts predict that PayPal Holdings will post $1.83 earnings per share for the current year.

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In other news, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the sale, the chief operating officer now directly owns 29,252 shares of the company’s stock, valued at $1,733,181. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gail J. Mcgovern sold 1,800 shares of PayPal Holdings stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $53.97, for a total value of $97,146.00. Following the sale, the director now directly owns 12,647 shares in the company, valued at $682,558.59. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 264,502 shares of company stock worth $15,472,950. Corporate insiders own 6.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Gs Investments Inc. acquired a new stake in shares of PayPal Holdings during the second quarter worth about $1,312,000. Lord Abbett & CO. LLC raised its stake in shares of PayPal Holdings by 71.6% in the second quarter. Lord Abbett & CO. LLC now owns 902,004 shares of the credit services provider’s stock worth $48,411,000 after buying an additional 376,471 shares during the last quarter. Sentry Investment Management LLC raised its stake in shares of PayPal Holdings by 1.1% in the second quarter. Sentry Investment Management LLC now owns 89,297 shares of the credit services provider’s stock worth $4,793,000 after buying an additional 977 shares during the last quarter. Atlantic Trust LLC raised its stake in shares of PayPal Holdings by 1,140.8% in the second quarter. Atlantic Trust LLC now owns 32,260 shares of the credit services provider’s stock worth $1,732,000 after buying an additional 29,660 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in shares of PayPal Holdings by 24.6% in the second quarter. Toronto Dominion Bank now owns 385,243 shares of the credit services provider’s stock worth $20,672,000 after buying an additional 76,166 shares during the last quarter. 82.55% of the stock is currently owned by institutional investors and hedge funds.

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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