Paypal (NASDAQ:PYPL) had its price objective boosted by Canaccord Genuity from $105.00 to $110.00 in a research report sent to investors on Thursday, BenzingaRatingsTable reports. They currently have a hold rating on the credit services provider’s stock.

Several other brokerages have also issued reports on PYPL. BidaskClub raised Kandi Technologies Group from a strong sell rating to a sell rating in a research note on Friday, May 17th. Loop Capital dropped their price target on J B Hunt Transport Services to $133.00 and set a buy rating for the company in a research note on Tuesday, April 16th. Wedbush set a $12.00 price target on Snap and gave the stock a hold rating in a research note on Friday, July 19th. Deutsche Bank lifted their price target on Facebook from $220.00 to $230.00 and gave the stock a buy rating in a research note on Tuesday, July 16th. Finally, Barclays set a $24.00 price target on Tenet Healthcare and gave the stock a hold rating in a research note on Wednesday, April 17th. Nine investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. Paypal has a consensus rating of Buy and an average price target of $119.89.

Paypal stock traded up $0.37 during midday trading on Thursday, hitting $115.49. 7,995,085 shares of the company’s stock were exchanged, compared to its average volume of 5,478,520. Paypal has a 52-week low of $74.66 and a 52-week high of $121.48. The stock’s 50-day moving average price is $117.00. The firm has a market capitalization of $135.69 billion, a P/E ratio of 64.52, a P/E/G ratio of 2.83 and a beta of 0.98.

Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period in the previous year, the business earned $0.58 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. As a group, research analysts anticipate that Paypal will post 2.41 earnings per share for the current year.

In other news, insider Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $111.09, for a total value of $3,332,700.00. Following the completion of the sale, the insider now owns 523,821 shares of the company’s stock, valued at approximately $58,191,274.89. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Adele Louise Pentland sold 11,520 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $109.07, for a total value of $1,256,486.40. Following the completion of the sale, the executive vice president now directly owns 63,408 shares of the company’s stock, valued at approximately $6,915,910.56. The disclosure for this sale can be found here. In the last three months, insiders sold 110,250 shares of company stock valued at $12,245,960. 0.15% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Semmax Financial Advisors Inc. raised its position in Paypal by 630.2% during the 1st quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock valued at $33,000 after purchasing an additional 271 shares during the last quarter. Mcmillion Capital Management Inc. bought a new position in Paypal during the 2nd quarter valued at approximately $35,000. Private Ocean LLC raised its position in Paypal by 386.7% during the 1st quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock valued at $38,000 after purchasing an additional 290 shares during the last quarter. Liberty Wealth Management LLC bought a new position in Paypal during the 4th quarter valued at approximately $39,000. Finally, CX Institutional raised its position in Paypal by 605.7% during the 1st quarter. CX Institutional now owns 374 shares of the credit services provider’s stock valued at $39,000 after purchasing an additional 321 shares during the last quarter. 80.85% of the stock is owned by institutional investors.

About Paypal

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Analyst Recommendations for Paypal (NASDAQ:PYPL)

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