BidaskClub upgraded shares of Paypal (NASDAQ:PYPL) from a buy rating to a strong-buy rating in a report released on Tuesday morning.

A number of other analysts have also commented on PYPL. Susquehanna Bancshares reaffirmed a positive rating and set a $75.00 price objective (up from $67.00) on shares of Paypal in a research note on Friday, September 29th. Sanford C. Bernstein reaffirmed an outperform rating and set a $66.00 price objective on shares of Paypal in a research note on Wednesday, September 27th. Mizuho reaffirmed a hold rating and set a $50.00 price objective on shares of Paypal in a research note on Sunday, October 15th. BMO Capital Markets upped their price objective on shares of Paypal from $80.00 to $85.00 and gave the company an outperform rating in a research note on Wednesday, December 13th. Finally, Robert W. Baird reaffirmed a buy rating and set a $65.00 price objective on shares of Paypal in a research note on Friday, September 29th. Nine research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $73.62.

Paypal (NASDAQ PYPL) traded down $0.38 during mid-day trading on Tuesday, reaching $74.12. 920,699 shares of the company’s stock were exchanged, compared to its average volume of 7,902,514. Paypal has a 52 week low of $39.02 and a 52 week high of $79.39. The stock has a market capitalization of $90,527.87, a price-to-earnings ratio of 53.80, a PEG ratio of 3.09 and a beta of 1.03.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 21.4% on a year-over-year basis. analysts anticipate that Paypal will post 1.37 earnings per share for the current fiscal year.

In other news, Director Rodney C. Adkins acquired 6,750 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were purchased at an average price of $74.04 per share, for a total transaction of $499,770.00. Following the completion of the acquisition, the director now owns 10,149 shares of the company’s stock, valued at approximately $751,431.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. San Francisco Sentry Investment Group CA grew its holdings in Paypal by 352.8% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 1,217 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Paypal during the third quarter valued at approximately $113,000. Kistler Tiffany Companies LLC grew its holdings in Paypal by 511.9% during the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after purchasing an additional 1,684 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in Paypal by 171.4% during the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 1,808 shares during the last quarter. Finally, Thompson Davis & CO. Inc. grew its holdings in Paypal by 294.3% during the third quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock valued at $155,000 after purchasing an additional 1,807 shares during the last quarter. Hedge funds and other institutional investors own 80.70% of the company’s stock.

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Paypal 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 (NASDAQ:PYPL)

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