PayPal Holdings, Inc. (PYPL) Upgraded to Buy by Vetr Inc.

Vetr upgraded shares of PayPal Holdings, Inc. (NASDAQ:PYPL) from a hold rating to a buy rating in a research report report published on Tuesday. The brokerage currently has $76.80 target price on the credit services provider’s stock.

PYPL has been the topic of several other reports. Oppenheimer Holdings, Inc. upped their target price on shares of PayPal Holdings from $50.00 to $65.00 and gave the stock an outperform rating in a research note on Thursday, July 27th. Wells Fargo & Company upped their target price on shares of PayPal Holdings from $65.00 to $70.00 and gave the stock a market perform rating in a research note on Friday, October 20th. Cowen and Company reaffirmed a market perform rating and set a $52.00 target price (up from $48.00) on shares of PayPal Holdings in a research note on Thursday, July 27th. Royal Bank Of Canada reaffirmed a buy rating and set a $52.00 target price on shares of PayPal Holdings in a research note on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods reaffirmed a buy rating and set a $70.00 target price on shares of PayPal Holdings in a research note on Thursday, July 27th. Ten investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $69.85.

Shares of PayPal Holdings (NASDAQ PYPL) opened at $73.39 on Tuesday. The company has a market capitalization of $86.84 billion, a price-to-earnings ratio of 51.61, a P/E/G ratio of 3.00 and a beta of 1.03.

PayPal Holdings (NASDAQ:PYPL) last announced its earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, topping the 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 for the quarter, compared to the consensus estimate of $3.18 billion. During the same period in the prior year, the firm earned $0.35 EPS. The firm’s revenue for the quarter was up 21.4% on a year-over-year basis. equities analysts expect that PayPal Holdings will post 1.37 EPS for the current fiscal year.

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In related news, Director John J. Donahoe sold 170,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $7,244,340.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.00% of the stock is owned by company insiders.

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

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

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