PayPal Holdings, Inc. (NASDAQ:PYPL) had its target price increased by research analysts at Susquehanna Bancshares Inc from $55.00 to $67.00 in a report issued on Tuesday. The firm currently has a “positive” rating on the credit services provider’s stock. Susquehanna Bancshares Inc’s price objective would suggest a potential upside of 16.36% from the company’s previous close.

A number of other equities analysts have also recently issued reports on PYPL. Zacks Investment Research raised shares of PayPal Holdings from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Wednesday, March 29th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $48.00 target price on shares of PayPal Holdings in a report on Tuesday, April 4th. Vetr upgraded shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating and set a $48.38 target price on the stock in a report on Tuesday, April 4th. Piper Jaffray Companies reiterated an “underweight” rating and issued a $41.00 target price on shares of PayPal Holdings in a report on Friday, April 14th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $47.00 target price on shares of PayPal Holdings in a report on Monday, April 17th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.41.

PayPal Holdings (NASDAQ PYPL) traded up 0.75% during midday trading on Tuesday, hitting $58.01. The stock had a trading volume of 1,375,551 shares. PayPal Holdings has a one year low of $36.28 and a one year high of $58.63. The firm has a 50 day moving average price of $52.01 and a 200 day moving average price of $44.86. The stock has a market cap of $69.68 billion, a PE ratio of 49.58 and a beta of 0.95.

PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, April 26th. The credit services provider reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.01. PayPal Holdings had a net margin of 12.60% and a return on equity of 10.78%. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business posted $0.37 earnings per share. PayPal Holdings’s revenue was up 16.9% compared to the same quarter last year. Equities analysts expect that PayPal Holdings will post $1.78 EPS for the current year.

PayPal Holdings announced that its board has authorized a share buyback program on Wednesday, April 26th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the credit services provider to purchase up to 9.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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In other PayPal Holdings news, EVP Gary J. Marino sold 1,350 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $52.48, for a total transaction of $70,848.00. Following the sale, the executive vice president now directly owns 37,491 shares of the company’s stock, valued at approximately $1,967,527.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary J. Marino sold 1,351 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $54.03, for a total transaction of $72,994.53. Following the sale, the executive vice president now directly owns 37,491 shares in the company, valued at $2,025,638.73. The disclosure for this sale can be found here. Insiders have sold a total of 4,501 shares of company stock worth $240,989 over the last three months. Insiders own 6.00% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. P.R. Herzig & Co. Inc. raised its stake in PayPal Holdings by 81.4% in the second quarter. P.R. Herzig & Co. Inc. now owns 10,700 shares of the credit services provider’s stock worth $574,000 after buying an additional 4,800 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA acquired a new stake in PayPal Holdings during the second quarter worth $5,848,000. TNB Financial acquired a new stake in PayPal Holdings during the second quarter worth $231,000. Advisors Capital Management LLC raised its stake in PayPal Holdings by 2.2% in the second quarter. Advisors Capital Management LLC now owns 195,966 shares of the credit services provider’s stock worth $10,517,000 after buying an additional 4,300 shares during the last quarter. Finally, Exane Derivatives acquired a new stake in PayPal Holdings during the second quarter worth $1,706,000. 81.53% of the stock is currently owned by hedge funds and other institutional investors.

About PayPal Holdings

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 Holdings (NASDAQ:PYPL)

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