PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reaffirmed by analysts at KeyCorp in a research note issued on Monday. They currently have a $70.00 price target on the credit services provider’s stock, up from their previous price target of $66.00. KeyCorp’s target price would suggest a potential upside of 12.00% from the company’s current price.

Several other analysts also recently weighed in on the stock. Barclays PLC lifted their price target on shares of PayPal Holdings from $66.00 to $69.00 and gave the company an “overweight” rating in a research note on Friday. BTIG Research reaffirmed a “buy” rating and set a $70.00 price target (up previously from $63.00) on shares of PayPal Holdings in a research note on Wednesday, September 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $61.27 price target (down previously from $70.00) on shares of PayPal Holdings in a research note on Wednesday, September 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $66.00 price target (up previously from $61.00) on shares of PayPal Holdings in a research note on Tuesday, September 5th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of PayPal Holdings in a research note on Tuesday, September 5th. Eleven equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $60.78.

PayPal Holdings (NASDAQ PYPL) traded up 1.07% on Monday, hitting $63.17. The company’s stock had a trading volume of 4,470,944 shares. PayPal Holdings has a 12 month low of $38.06 and a 12 month high of $63.53. The firm has a market cap of $75.96 billion, a price-to-earnings ratio of 50.94 and a beta of 0.98. The firm has a 50 day moving average of $62.40 and a 200 day moving average of $53.58.

PayPal Holdings (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, July 26th. The credit services provider reported $0.46 earnings per share 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 firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The company’s revenue was up 18.3% on a year-over-year basis. Equities research analysts forecast that PayPal Holdings will post $1.84 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “PayPal Holdings’ (PYPL) Buy Rating Reaffirmed at KeyCorp” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.americanbankingnews.com/2017/09/18/keycorp-boosts-paypal-holdings-inc-pypl-price-target-to-70-00.html.

In related news, EVP Gary J. Marino sold 1,351 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $54.03, for a total transaction of $72,994.53. Following the completion of the sale, the executive vice president now owns 37,491 shares of the company’s stock, valued at approximately $2,025,638.73. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 262,702 shares of company stock valued at $15,375,804. Insiders own 6.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bangor Savings Bank grew its stake in PayPal Holdings by 0.3% during the 1st quarter. Bangor Savings Bank now owns 12,480 shares of the credit services provider’s stock valued at $537,000 after acquiring an additional 34 shares in the last quarter. Guardian Life Insurance Co. of America grew its stake in PayPal Holdings by 0.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock valued at $187,000 after acquiring an additional 38 shares in the last quarter. Apriem Advisors grew its stake in PayPal Holdings by 0.6% during the 2nd quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock valued at $451,000 after acquiring an additional 52 shares in the last quarter. Westside Investment Management Inc. grew its stake in PayPal Holdings by 0.4% during the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock valued at $761,000 after acquiring an additional 60 shares in the last quarter. Finally, Sigma Planning Corp grew its stake in PayPal Holdings by 0.4% during the 2nd quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock valued at $903,000 after acquiring an additional 74 shares in the last quarter. 82.46% of the stock is owned by institutional investors.

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.

Analyst Recommendations for PayPal Holdings (NASDAQ:PYPL)

Receive News & Ratings for PayPal Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.