PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “outperform” rating restated by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday, The Fly reports. They presently have a $83.00 price target on the credit services provider’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 23.42% from the company’s current price. The analysts noted that the move was a valuation call.

A number of other research firms also recently commented on PYPL. Credit Suisse Group restated an “outperform” rating and issued a $70.00 price objective (up from $63.00) on shares of PayPal Holdings in a report on Tuesday, October 10th. Sanford C. Bernstein upgraded PayPal Holdings from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $46.00 to $61.00 in a report on Monday, July 10th. Mizuho restated a “hold” rating and issued a $50.00 price objective on shares of PayPal Holdings in a report on Sunday, October 15th. Loop Capital restated a “hold” rating and issued a $49.00 price objective on shares of PayPal Holdings in a report on Wednesday, July 12th. Finally, Citigroup Inc. raised their price objective on PayPal Holdings to $77.00 and gave the stock a “buy” rating in a report on Tuesday, October 3rd. One 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 assigned a strong buy rating to the stock. PayPal Holdings currently has an average rating of “Buy” and an average price target of $68.64.

PayPal Holdings (PYPL) traded up 4.21% during trading on Friday, reaching $70.08. The company’s stock had a trading volume of 23,199,165 shares. PayPal Holdings has a 1-year low of $38.06 and a 1-year high of $71.73. The company’s 50-day moving average is $64.75 and its 200-day moving average is $64.75. The company has a market capitalization of $84.26 billion, a P/E ratio of 56.52 and a beta of 0.98.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. PayPal Holdings had a return on equity of 11.10% and a net margin of 12.82%. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period last year, the business posted $0.35 EPS. Equities analysts anticipate that PayPal Holdings will post $1.84 EPS for the current year.

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In related news, COO William J. Ready sold 90,000 shares of PayPal Holdings stock in a transaction on Monday, July 31st. The stock was sold at an average price of $59.25, for a total value of $5,332,500.00. Following the transaction, the chief operating officer now directly owns 29,252 shares in the company, valued at approximately $1,733,181. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John J. Donahoe sold 170,000 shares of PayPal Holdings stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the transaction, the director now owns 124,516 shares in the company, valued at $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 90 days. Insiders own 6.00% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers grew its holdings in shares of PayPal Holdings by 0.9% in the 2nd quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock worth $99,318,000 after acquiring an additional 17,139 shares during the last quarter. Shikiar Asset Management Inc. grew its holdings in shares of PayPal Holdings by 2,671.9% during the second quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock valued at $7,587,000 after buying an additional 136,265 shares in the last quarter. Smith Asset Management Group LP purchased a new position in shares of PayPal Holdings during the second quarter valued at $50,648,000. Fundsmith LLP grew its holdings in shares of PayPal Holdings by 6.8% during the second quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock valued at $754,131,000 after buying an additional 889,976 shares in the last quarter. Finally, GAM Holding AG grew its holdings in shares of PayPal Holdings by 14.3% during the second quarter. GAM Holding AG now owns 225,782 shares of the credit services provider’s stock valued at $12,118,000 after buying an additional 28,265 shares in the last quarter. Institutional investors and hedge funds own 82.47% of the company’s stock.

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.

The Fly

Analyst Recommendations for PayPal Holdings (NASDAQ:PYPL)

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