BTIG Research upgraded shares of Paypal (NASDAQ:PYPL) from a neutral rating to a buy rating in a report issued on Friday morning, Marketbeat.com reports. BTIG Research currently has $95.00 price target on the credit services provider’s stock, up from their previous price target of $81.00.

PYPL has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Paypal from a buy rating to a hold rating in a research report on Wednesday, July 25th. BidaskClub lowered shares of Paypal from a strong-buy rating to a buy rating in a research report on Tuesday, September 18th. Credit Suisse Group lifted their price target on shares of Paypal from $93.00 to $100.00 and gave the company a $87.38 rating in a research report on Thursday, July 19th. Jefferies Financial Group reissued a buy rating and issued a $110.00 price target on shares of Paypal in a research report on Wednesday, August 29th. Finally, Wells Fargo & Co lifted their price target on shares of Paypal from $95.00 to $101.00 and gave the company an outperform rating in a research report on Thursday, July 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-four have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $92.65.

Shares of NASDAQ:PYPL traded up $7.30 during trading on Friday, reaching $84.78. The stock had a trading volume of 34,136,589 shares, 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 firm has a market cap of $91.71 billion, a price-to-earnings ratio of 60.99, a P/E/G ratio of 2.51 and a beta of 1.31.

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

In other Paypal news, VP Aaron Anderson sold 17,062 shares of the business’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $88.22, for a total value of $1,505,209.64. Following the sale, the vice president now owns 9,921 shares of the company’s stock, valued at approximately $875,230.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John D. Rainey sold 5,462 shares of the business’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 sale, the chief financial officer now directly owns 113,307 shares in the company, valued at approximately $9,995,943.54. The disclosure for this sale can be found here. Insiders sold a total of 149,732 shares of company stock worth $13,204,157 in the last three months. Insiders own 0.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in PYPL. Handelsbanken Fonder AB increased its holdings in Paypal by 3.0% in the 1st quarter. Handelsbanken Fonder AB now owns 683,800 shares of the credit services provider’s stock valued at $51,880,000 after buying an additional 20,000 shares during the period. Summit Trail Advisors LLC increased its holdings in Paypal by 7,850.5% in the 1st quarter. Summit Trail Advisors LLC now owns 387,028 shares of the credit services provider’s stock valued at $387,000 after buying an additional 382,160 shares during the period. Suntrust Banks Inc. increased its holdings in Paypal by 20.5% in the 1st quarter. Suntrust Banks Inc. now owns 159,711 shares of the credit services provider’s stock valued at $12,116,000 after buying an additional 27,138 shares during the period. Dynamic Technology Lab Private Ltd increased its holdings in Paypal by 65.0% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 10,559 shares of the credit services provider’s stock valued at $800,000 after buying an additional 4,159 shares during the period. Finally, Mount Yale Investment Advisors LLC bought a new stake in Paypal in the 1st quarter valued at $1,001,000. 79.71% of the stock is currently owned by hedge funds and other institutional investors.

Paypal Company Profile

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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Analyst Recommendations for Paypal (NASDAQ:PYPL)

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