Craig Hallum reaffirmed their buy rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a report published on Tuesday, The Fly reports. The firm currently has a $83.00 price target on the credit services provider’s stock, up from their prior price target of $67.00.

Other analysts have also recently issued reports about the stock. TheStreet raised shares of PayPal Holdings from a c rating to a b- rating in a research note on Monday, July 3rd. Vetr raised shares of PayPal Holdings from a hold rating to a buy rating and set a $54.78 price objective for the company in a research note on Wednesday, June 21st. BTIG Research boosted their price objective on shares of PayPal Holdings from $53.00 to $63.00 and gave the company a buy rating in a research note on Monday, June 26th. KeyCorp raised shares of PayPal Holdings to a buy rating and set a $60.00 price objective for the company in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $52.00 price target on shares of PayPal Holdings in a research report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $69.07.

PayPal Holdings (NASDAQ PYPL) traded up 5.53% on Tuesday, reaching $70.97. The company’s stock had a trading volume of 34,225,517 shares. The firm has a 50 day moving average price of $64.75 and a 200 day moving average price of $64.75. PayPal Holdings has a 52 week low of $38.06 and a 52 week high of $71.73. The stock has a market capitalization of $85.33 billion, a P/E ratio of 57.23 and a beta of 0.98.

PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.82% and a return on equity of 11.10%. The company had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the previous year, the company earned $0.35 EPS. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, equities analysts anticipate that PayPal Holdings will post $1.84 EPS for the current year.

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In related news, Director John J. Donahoe sold 170,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total transaction of $9,890,600.00. Following the completion of the sale, the director now directly owns 124,516 shares of the company’s stock, valued at $7,244,340.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Gary J. Marino sold 1,351 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $59.00, for a total transaction of $79,709.00. Following the sale, the executive vice president now directly owns 37,492 shares of the company’s stock, valued at $2,212,028. The disclosure for this sale can be found here. Insiders sold 261,351 shares of company stock valued at $15,302,809 over the last quarter. Insiders own 6.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in PYPL. Northwestern Mutual Investment Management Company LLC lifted its stake in PayPal Holdings by 76.2% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 227,017 shares of the credit services provider’s stock valued at $9,766,000 after purchasing an additional 98,159 shares during the last quarter. RWC Asset Management LLP lifted its stake in PayPal Holdings by 67.9% during the first quarter. RWC Asset Management LLP now owns 130,114 shares of the credit services provider’s stock valued at $5,598,000 after purchasing an additional 52,619 shares during the last quarter. South State Corp acquired a new stake in PayPal Holdings during the first quarter valued at approximately $366,000. Tiedemann Wealth Management LLC lifted its stake in PayPal Holdings by 39.2% during the first quarter. Tiedemann Wealth Management LLC now owns 64,517 shares of the credit services provider’s stock valued at $2,775,000 after purchasing an additional 18,175 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC lifted its stake in PayPal Holdings by 2.2% during the first quarter. Clifford Swan Investment Counsel LLC now owns 359,661 shares of the credit services provider’s stock valued at $15,473,000 after purchasing an additional 7,612 shares during the last quarter. 82.47% of the stock is 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.

The Fly

Analyst Recommendations for PayPal Holdings (NASDAQ:PYPL)

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