Paypal Holdings Inc (NASDAQ:PYPL)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $93.30 and last traded at $93.21, with a volume of 482586 shares trading hands. The stock had previously closed at $92.00.

A number of equities analysts have recently commented on PYPL shares. Credit Suisse Group raised their target price on shares of Paypal from $85.00 to $93.00 and gave the company an “outperform” rating in a research note on Friday, May 18th. Craig Hallum set a $93.00 target price on shares of Paypal and gave the company a “buy” rating in a research note on Friday, May 18th. UBS Group reissued a “buy” rating and issued a $90.00 target price on shares of Paypal in a research note on Friday, May 18th. KeyCorp raised their target price on shares of Paypal from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, May 22nd. Finally, BidaskClub raised shares of Paypal from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 23rd. Seven research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $89.32.

The firm has a market capitalization of $109.29 billion, a price-to-earnings ratio of 66.17, a price-to-earnings-growth ratio of 3.05 and a beta of 1.29.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, July 25th. The credit services provider reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.17. The company had revenue of $3.86 billion during the quarter, compared to analyst estimates of $3.81 billion. Paypal had a net margin of 14.02% and a return on equity of 12.91%. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. sell-side analysts predict that Paypal Holdings Inc will post 1.72 EPS for the current fiscal year.

In other Paypal news, CFO John D. Rainey sold 5,462 shares of the firm’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $88.22, for a total transaction of $481,857.64. Following the completion of the transaction, the chief financial officer now directly owns 113,307 shares of the company’s stock, valued at approximately $9,995,943.54. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO William J. Ready sold 38,878 shares of the firm’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 $3,429,817.16. Following the transaction, the chief operating officer now directly owns 119,215 shares of the company’s stock, valued at $10,517,147.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 149,732 shares of company stock valued at $13,044,257. 0.20% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Archford Capital Strategies LLC lifted its position in shares of Paypal by 92.6% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock worth $108,000 after buying an additional 625 shares during the last quarter. Jacobi Capital Management LLC lifted its position in shares of Paypal by 122.4% in the 1st quarter. Jacobi Capital Management LLC now owns 1,461 shares of the credit services provider’s stock worth $110,000 after buying an additional 804 shares during the last quarter. QCI Asset Management Inc. NY lifted its position in shares of Paypal by 160.6% in the 1st quarter. QCI Asset Management Inc. NY now owns 1,574 shares of the credit services provider’s stock worth $119,000 after buying an additional 970 shares during the last quarter. Well Done LLC bought a new position in shares of Paypal in the 1st quarter worth about $128,000. Finally, Landaas & Co. WI ADV bought a new position in shares of Paypal in the 2nd quarter worth about $135,000. 79.66% of the stock is owned by institutional investors.

About Paypal (NASDAQ:PYPL)

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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