PayPal Holdings, Inc. (NASDAQ:PYPL) had its target price boosted by Argus from $80.00 to $87.00 in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the credit services provider’s stock. Argus’ target price indicates a potential upside of 13.90% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Citigroup Inc. reiterated a “buy” rating and set a $67.00 target price (up from $62.00) on shares of PayPal Holdings in a report on Thursday, July 27th. Canaccord Genuity restated a “hold” rating and issued a $66.00 price objective on shares of PayPal Holdings in a report on Thursday. Robert W. Baird boosted their price objective on shares of PayPal Holdings from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday. Vetr lowered shares of PayPal Holdings from a “buy” rating to a “hold” rating and set a $78.63 price objective for the company. in a report on Friday. Finally, KeyCorp restated an “overweight” rating and issued a $85.00 price objective (up from $80.00) on shares of PayPal Holdings in a report on Friday. Eleven research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $72.43.

PayPal Holdings (PYPL) traded down $1.32 during mid-day trading on Friday, hitting $76.38. 11,878,047 shares of the stock traded hands, compared to its average volume of 7,638,537. PayPal Holdings has a 1 year low of $38.06 and a 1 year high of $78.01. The stock has a market capitalization of $93,390.00 and a price-to-earnings ratio of 53.21.

PayPal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same period last year, the business earned $0.35 earnings per share. The business’s revenue was up 21.4% on a year-over-year basis. equities research analysts anticipate that PayPal Holdings will post 1.37 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Atlantic Trust LLC raised its position in shares of PayPal Holdings by 16.0% during the 3rd quarter. Atlantic Trust LLC now owns 37,411 shares of the credit services provider’s stock valued at $2,395,000 after buying an additional 5,151 shares in the last quarter. Salem Investment Counselors Inc. raised its position in shares of PayPal Holdings by 69.4% during the 3rd quarter. Salem Investment Counselors Inc. now owns 48,796 shares of the credit services provider’s stock valued at $3,143,000 after buying an additional 19,991 shares in the last quarter. Moors & Cabot Inc. raised its position in shares of PayPal Holdings by 10.7% during the 3rd quarter. Moors & Cabot Inc. now owns 8,756 shares of the credit services provider’s stock valued at $558,000 after buying an additional 845 shares in the last quarter. Belpointe Asset Management LLC purchased a new stake in shares of PayPal Holdings during the 3rd quarter valued at about $1,289,000. Finally, Cetera Advisors LLC raised its position in shares of PayPal Holdings by 14.3% during the 3rd quarter. Cetera Advisors LLC now owns 5,449 shares of the credit services provider’s stock valued at $346,000 after buying an additional 682 shares in the last quarter. Hedge funds and other institutional investors own 83.08% 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)

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