PayPal Holdings, Inc. (NASDAQ:PYPL) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $76.80 price target on the credit services provider’s stock. Vetr‘s target price points to a potential upside of 5.84% from the stock’s previous close.

A number of other equities analysts also recently weighed in on PYPL. Robert W. Baird reaffirmed an “outperform” rating on shares of PayPal Holdings in a research note on Monday, July 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $52.00 price target on shares of PayPal Holdings in a research note on Wednesday, July 5th. TheStreet raised shares of PayPal Holdings from a “c” rating to a “b-” rating in a research note on Monday, July 3rd. Sanford C. Bernstein raised shares of PayPal Holdings from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $46.00 to $61.00 in a research note on Monday, July 10th. Finally, Loop Capital reissued a “hold” rating and set a $49.00 target price on shares of PayPal Holdings in a research report on Wednesday, July 12th. Nine analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. PayPal Holdings presently has an average rating of “Buy” and a consensus target price of $69.85.

PayPal Holdings (PYPL) traded up 1.98% on Tuesday, reaching $72.56. 7,555,330 shares of the company traded hands. PayPal Holdings has a 52-week low of $38.06 and a 52-week high of $72.74. The company has a market capitalization of $87.25 billion, a PE ratio of 58.52 and a beta of 0.98. The stock has a 50-day moving average of $66.30 and a 200 day moving average of $66.07.

PayPal Holdings (NASDAQ:PYPL) last issued its quarterly earnings results 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 analyst estimates of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. PayPal Holdings’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. On average, equities analysts forecast that PayPal Holdings will post $1.87 EPS for the current year.

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In other news, Director John J. Donahoe sold 170,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $58.18, for a total value of $9,890,600.00. Following the completion of the sale, the director now owns 124,516 shares of the company’s stock, valued at approximately $7,244,340.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.00% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in PYPL. Kistler Tiffany Companies LLC boosted its position in PayPal Holdings by 511.9% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after buying an additional 1,684 shares during the period. Archford Capital Strategies LLC boosted its position in PayPal Holdings by 65.4% during the 1st quarter. Archford Capital Strategies LLC now owns 3,241 shares of the credit services provider’s stock valued at $139,000 after buying an additional 1,281 shares during the period. Balentine LLC boosted its position in PayPal Holdings by 28.7% during the 1st quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock valued at $150,000 after buying an additional 780 shares during the period. Harvest Fund Management Co. Ltd boosted its position in PayPal Holdings by 171.4% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after buying an additional 1,808 shares during the period. Finally, SRS Capital Advisors Inc. boosted its position in PayPal Holdings by 5.6% during the 1st quarter. SRS Capital Advisors Inc. now owns 3,611 shares of the credit services provider’s stock valued at $155,000 after buying an additional 190 shares during the period. 82.35% of the stock is owned by institutional investors and hedge funds.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for PayPal Holdings (NASDAQ:PYPL)

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