Wedbush set a $140.00 target price on Paypal (NASDAQ:PYPL) in a research note published on Friday, TipRanks reports. The brokerage currently has a buy rating on the credit services provider’s stock.

A number of other research analysts have also issued reports on the stock. Robert W. Baird upped their target price on shares of Paypal from $118.00 to $120.00 and gave the company an outperform rating in a report on Thursday, July 25th. Cantor Fitzgerald reiterated a buy rating on shares of Paypal in a report on Wednesday, May 1st. Deutsche Bank increased their price objective on shares of Paypal from $120.00 to $127.00 and gave the stock a positive rating in a report on Tuesday, July 16th. BidaskClub lowered shares of Paypal from a strong-buy rating to a buy rating in a report on Tuesday, July 30th. Finally, Jefferies Financial Group increased their price objective on shares of Paypal from $125.00 to $140.00 and gave the stock a buy rating in a report on Thursday, July 18th. Eight investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $120.81.

NASDAQ PYPL traded up $1.51 during trading hours on Friday, reaching $107.67. The company’s stock had a trading volume of 5,712,966 shares, compared to its average volume of 6,895,868. The stock has a market cap of $123.49 billion, a PE ratio of 60.15, a PEG ratio of 2.42 and a beta of 0.97. Paypal has a fifty-two week low of $74.66 and a fifty-two week high of $121.48. The company’s 50-day moving average is $113.60 and its two-hundred day moving average is $107.31.

Paypal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.12. The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 EPS. As a group, equities research analysts forecast that Paypal will post 2.41 earnings per share for the current year.

In other Paypal news, CEO Daniel H. Schulman sold 30,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $107.09, for a total value of $3,212,700.00. Following the completion of the sale, the chief executive officer now owns 487,074 shares of the company’s stock, valued at $52,160,754.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Aaron Karczmer sold 3,110 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $115.71, for a total transaction of $359,858.10. Following the completion of the sale, the executive vice president now directly owns 15,041 shares of the company’s stock, valued at approximately $1,740,394.11. The disclosure for this sale can be found here. Insiders sold 93,110 shares of company stock worth $10,264,058 in the last 90 days. 0.15% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of PYPL. Semmax Financial Advisors Inc. grew its position in shares of Paypal by 630.2% during the first quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock worth $33,000 after buying an additional 271 shares in the last quarter. Mcmillion Capital Management Inc. acquired a new stake in shares of Paypal during the second quarter worth approximately $35,000. AGF Investments LLC grew its position in shares of Paypal by 55.6% during the second quarter. AGF Investments LLC now owns 308 shares of the credit services provider’s stock worth $35,000 after buying an additional 110 shares in the last quarter. Private Ocean LLC lifted its stake in Paypal by 386.7% during the first quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 290 shares during the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in Paypal during the first quarter worth $42,000. 80.13% of the stock is owned by institutional investors.

About Paypal

PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Analyst Recommendations for Paypal (NASDAQ:PYPL)

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