Credit Suisse Group reaffirmed their buy rating on shares of Paypal (NASDAQ:PYPL) in a research note published on Tuesday. They currently have a $85.00 price target on the credit services provider’s stock.
A number of other equities analysts have also weighed in on PYPL. Vetr raised Paypal from a hold rating to a buy rating and set a $60.76 price objective on the stock in a research note on Thursday, August 10th. Royal Bank Of Canada reaffirmed a buy rating and issued a $65.00 price target on shares of Paypal in a research note on Tuesday, August 29th. Susquehanna Bancshares reaffirmed a positive rating and issued a $67.00 price target on shares of Paypal in a research note on Tuesday, August 29th. Sanford C. Bernstein reaffirmed an outperform rating and issued a $66.00 price target (up previously from $61.00) on shares of Paypal in a research note on Tuesday, September 5th. Finally, Jefferies Group reaffirmed a buy rating and issued a $61.27 price target (down previously from $70.00) on shares of Paypal in a research note on Wednesday, September 6th. Ten research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $73.24.
Paypal (NASDAQ:PYPL) traded up $0.23 during midday trading on Tuesday, reaching $71.20. The company’s stock had a trading volume of 16,634,000 shares, compared to its average volume of 7,889,852. The firm has a market capitalization of $86,670.00 and a price-to-earnings ratio of 50.69. Paypal has a one year low of $38.71 and a one year high of $79.39.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers increased its holdings in Paypal by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock worth $99,318,000 after purchasing an additional 17,139 shares during the period. Fundsmith LLP increased its holdings in Paypal by 6.8% during the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock worth $754,131,000 after purchasing an additional 889,976 shares during the period. Shikiar Asset Management Inc. increased its holdings in Paypal by 2,671.9% during the 2nd quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock worth $7,587,000 after purchasing an additional 136,265 shares during the period. Smith Asset Management Group LP purchased a new stake in Paypal during the 2nd quarter worth about $50,648,000. Finally, Mn Services Vermogensbeheer B.V. increased its holdings in Paypal by 0.7% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 188,272 shares of the credit services provider’s stock worth $12,055,000 after purchasing an additional 1,400 shares during the period. 80.81% of the stock is currently owned by hedge funds and other institutional investors.
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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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