Paypal (NASDAQ:PYPL)‘s stock had its “buy” rating reaffirmed by equities research analysts at Bank of America in a research note issued to investors on Friday. They currently have a $88.00 price objective on the credit services provider’s stock, up from their prior price objective of $80.00. Bank of America’s price target points to a potential upside of 16.87% from the stock’s current price.
A number of other equities analysts also recently weighed in on the stock. Barclays raised their target price on shares of Paypal from $75.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, October 20th. Zacks Investment Research downgraded shares of Paypal from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Argus raised their target price on shares of Paypal from $80.00 to $87.00 and gave the company a “buy” rating in a research note on Friday, November 17th. Credit Suisse Group reaffirmed an “outperform” rating and set a $85.00 target price (up previously from $74.00) on shares of Paypal in a research note on Friday, November 17th. Finally, Vetr raised shares of Paypal from a “hold” rating to a “buy” rating and set a $73.32 target price for the company in a research note on Tuesday, October 24th. Ten analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $73.12.
Paypal (NASDAQ PYPL) opened at $75.30 on Friday. Paypal has a one year low of $38.06 and a one year high of $79.39. The firm has a market cap of $91,020.65, a P/E ratio of 54.09, a price-to-earnings-growth ratio of 3.10 and a beta of 1.03.
A number of large investors have recently bought and sold shares of PYPL. FMR LLC grew its position in Paypal by 36.1% in the 2nd quarter. FMR LLC now owns 82,268,871 shares of the credit services provider’s stock worth $4,415,371,000 after purchasing an additional 21,814,940 shares during the period. Jennison Associates LLC purchased a new position in shares of Paypal during the 3rd quarter worth $481,937,000. Harding Loevner LP boosted its stake in shares of Paypal by 86.1% during the 3rd quarter. Harding Loevner LP now owns 11,353,818 shares of the credit services provider’s stock worth $381,030,000 after acquiring an additional 5,253,746 shares during the last quarter. Capital World Investors boosted its stake in shares of Paypal by 313.5% during the 2nd quarter. Capital World Investors now owns 6,151,049 shares of the credit services provider’s stock worth $330,127,000 after acquiring an additional 4,663,337 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Paypal by 1,064.7% during the 2nd quarter. Janus Henderson Group PLC now owns 4,861,493 shares of the credit services provider’s stock worth $260,921,000 after acquiring an additional 4,444,097 shares during the last quarter. 81.25% of the stock is owned by institutional investors and hedge funds.
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Paypal 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.
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