PayPal Holdings, Inc. (NASDAQ:PYPL) had its target price lifted by stock analysts at BMO Capital Markets from $70.00 to $80.00 in a report issued on Friday. The brokerage currently has an “outperform” rating on the credit services provider’s stock. BMO Capital Markets’ target price would indicate a potential upside of 12.72% from the stock’s current price.

Several other equities analysts have also weighed in on PYPL. BTIG Research upped their price objective on shares of PayPal Holdings from $53.00 to $63.00 and gave the company a “buy” rating in a report on Monday, June 26th. BidaskClub upgraded shares of PayPal Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. Mizuho reiterated a “neutral” rating and set a $48.00 price objective on shares of PayPal Holdings in a report on Wednesday, June 28th. Craig Hallum set a $65.00 price objective on shares of PayPal Holdings and gave the company a “buy” rating in a report on Wednesday, June 28th. Finally, Robert W. Baird reiterated an “outperform” rating on shares of PayPal Holdings in a report on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the stock. PayPal Holdings has a consensus rating of “Buy” and an average price target of $69.07.

PayPal Holdings (PYPL) traded up 5.53% during trading on Friday, reaching $70.97. The company’s stock had a trading volume of 34,282,802 shares. The company has a market cap of $85.33 billion, a P/E ratio of 57.23 and a beta of 0.98. PayPal Holdings has a 12 month low of $38.06 and a 12 month high of $71.73. The stock’s 50-day moving average is $64.95 and its 200 day moving average is $64.95.

PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the 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 $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the prior year, the business earned $0.35 earnings per share. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. On average, equities analysts forecast that PayPal Holdings will post $1.84 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was originally published by American Banking News and is the property of of American Banking News. If you are viewing this story on another domain, it was illegally stolen and republished in violation of US and international copyright and trademark legislation. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/20/paypal-holdings-inc-pypl-price-target-raised-to-80-00-at-bmo-capital-markets.html.

In other news, COO William J. Ready sold 90,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $59.25, for a total transaction of $5,332,500.00. Following the sale, the chief operating officer now owns 29,252 shares in the company, valued at approximately $1,733,181. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John J. Donahoe sold 170,000 shares of the firm’s stock in a transaction 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 sale, the director now owns 124,516 shares in the company, valued at approximately $7,244,340.88. The disclosure for this sale can be found here. Insiders sold a total of 261,351 shares of company stock worth $15,302,809 over the last quarter. Corporate insiders own 6.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. FMR LLC raised its position in shares of PayPal Holdings by 36.1% during the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock valued at $4,415,371,000 after buying an additional 21,814,940 shares in the last quarter. Vanguard Group Inc. raised its position in shares of PayPal Holdings by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 77,758,731 shares of the credit services provider’s stock valued at $4,173,311,000 after buying an additional 2,115,017 shares in the last quarter. BlackRock Inc. raised its position in shares of PayPal Holdings by 4.7% during the 2nd quarter. BlackRock Inc. now owns 62,938,949 shares of the credit services provider’s stock valued at $3,377,936,000 after buying an additional 2,835,027 shares in the last quarter. Edgewood Management LLC raised its position in shares of PayPal Holdings by 3.7% during the 1st quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock valued at $798,817,000 after buying an additional 663,087 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of PayPal Holdings by 15.4% during the 1st quarter. Wellington Management Group LLP now owns 14,813,195 shares of the credit services provider’s stock valued at $637,263,000 after buying an additional 1,982,305 shares in the last quarter. Hedge funds and other institutional investors own 82.47% of the company’s stock.

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.