Paypal (NASDAQ:PYPL) had its price target increased by Stifel Nicolaus to $108.00 in a report released on Friday, The Fly reports. They currently have a buy rating on the credit services provider’s stock.

A number of other research analysts have also recently commented on PYPL. Bank of America reaffirmed a buy rating and set a $98.00 target price (up previously from $88.00) on shares of Paypal in a research note on Tuesday, June 26th. BidaskClub cut Paypal from a buy rating to a hold rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised Paypal from a hold rating to a buy rating and set a $90.00 target price on the stock in a research note on Thursday, October 11th. BTIG Research raised Paypal from a neutral rating to a buy rating and upped their target price for the company from $81.00 to $95.00 in a research note on Friday. Finally, SunTrust Banks cut their target price on Paypal to $88.00 and set a hold rating on the stock in a research note on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-four have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $92.65.

NASDAQ PYPL traded up $7.30 during trading hours on Friday, hitting $84.78. 34,136,589 shares of the company were exchanged, compared to its average volume of 11,462,846. Paypal has a 52 week low of $68.61 and a 52 week high of $93.70. The stock has a market capitalization of $91.71 billion, a P/E ratio of 60.99, a PEG ratio of 2.51 and a beta of 1.31.

Paypal (NASDAQ:PYPL) last released its earnings results on Thursday, October 18th. The credit services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. The firm had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Paypal had a return on equity of 13.58% and a net margin of 13.98%. The company’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. As a group, equities analysts predict that Paypal will post 1.74 EPS for the current year.

In other Paypal news, VP Aaron Anderson sold 17,062 shares of the company’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $88.22, for a total transaction of $1,505,209.64. Following the completion of the sale, the vice president now owns 9,921 shares in the company, valued at $875,230.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO William J. Ready sold 38,878 shares of the company’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $88.22, for a total value of $3,429,817.16. Following the sale, the chief operating officer now owns 119,215 shares of the company’s stock, valued at approximately $10,517,147.30. The disclosure for this sale can be found here. Insiders sold 149,732 shares of company stock valued at $13,204,157 in the last quarter. 0.20% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of PYPL. Fundsmith Equity Fund L.P. purchased a new stake in Paypal during the second quarter worth $1,266,514,000. Third Point LLC purchased a new stake in Paypal during the second quarter worth $832,700,000. Fred Alger Management Inc. lifted its holdings in Paypal by 2,482.2% during the second quarter. Fred Alger Management Inc. now owns 2,401,884 shares of the credit services provider’s stock worth $200,005,000 after buying an additional 2,308,867 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Paypal by 19.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,873,686 shares of the credit services provider’s stock worth $655,643,000 after buying an additional 1,269,133 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Paypal by 15.0% during the second quarter. American Century Companies Inc. now owns 9,428,321 shares of the credit services provider’s stock worth $785,096,000 after buying an additional 1,227,210 shares during the period. Institutional investors own 79.71% of the company’s stock.

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.

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