PayPal Holdings, Inc. (PYPL) Downgraded by Vetr Inc. to “Hold”

Vetr cut shares of PayPal Holdings, Inc. (NASDAQ:PYPL) from a buy rating to a hold rating in a research report released on Friday morning. Vetr currently has $78.63 price target on the credit services provider’s stock.

A number of other analysts also recently commented on PYPL. Jefferies Group LLC reiterated a buy rating and issued a $68.00 price objective (up previously from $61.00) on shares of PayPal Holdings in a research report on Monday, July 24th. BTIG Research reiterated a buy rating and issued a $63.00 price objective on shares of PayPal Holdings in a research report on Monday, July 24th. Deutsche Bank AG raised their price objective on PayPal Holdings from $61.00 to $64.00 and gave the stock a buy rating in a research report on Thursday, July 27th. Nomura raised their target price on PayPal Holdings from $57.00 to $68.00 and gave the stock a buy rating in a research report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. raised their target price on PayPal Holdings from $50.00 to $65.00 and gave the stock an outperform rating in a research report on Thursday, July 27th. Eleven research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $72.43.

Shares of PayPal Holdings (NASDAQ:PYPL) traded down $1.32 during mid-day trading on Friday, hitting $76.38. The company’s stock had a trading volume of 11,771,514 shares, compared to its average volume of 7,638,537. PayPal Holdings has a 52 week low of $38.06 and a 52 week high of $78.01. The company has a market cap of $93,390.00 and a P/E ratio of 53.21.

PayPal Holdings (NASDAQ:PYPL) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.03. PayPal Holdings had a return on equity of 11.33% and a net margin of 12.69%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the company earned $0.35 EPS. The company’s quarterly revenue was up 21.4% on a year-over-year basis. sell-side analysts anticipate that PayPal Holdings will post 1.37 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Guardian Life Insurance Co. of America raised its holdings in PayPal Holdings by 0.9% during the first quarter. Guardian Life Insurance Co. of America now owns 4,338 shares of the credit services provider’s stock worth $187,000 after acquiring an additional 38 shares in the last quarter. Apriem Advisors raised its holdings in PayPal Holdings by 0.6% during the second quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock worth $451,000 after acquiring an additional 52 shares in the last quarter. Westside Investment Management Inc. raised its holdings in PayPal Holdings by 0.4% during the second quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after acquiring an additional 60 shares in the last quarter. Sigma Planning Corp raised its holdings in PayPal Holdings by 0.4% during the second quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock worth $903,000 after acquiring an additional 74 shares in the last quarter. Finally, Train Babcock Advisors LLC raised its holdings in PayPal Holdings by 1.6% during the second quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock worth $292,000 after acquiring an additional 86 shares in the last quarter. Institutional investors and hedge funds own 83.08% 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.

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