PayPal Holdings, Inc. (NASDAQ:PYPL) had its target price raised by Stifel Nicolaus from $70.00 to $77.00 in a report issued on Friday morning, Marketbeat.com reports. Stifel Nicolaus currently has a hold rating on the credit services provider’s stock.
Other analysts also recently issued research reports about the stock. Nomura raised their price target on shares of PayPal Holdings from $57.00 to $68.00 and gave the company a buy rating in a report on Thursday, July 27th. Deutsche Bank AG raised their price target on shares of PayPal Holdings from $61.00 to $64.00 and gave the company a buy rating in a report on Thursday, July 27th. Vetr raised shares of PayPal Holdings from a hold rating to a buy rating and set a $60.76 price target on the stock in a report on Tuesday, July 25th. BTIG Research reaffirmed a buy rating and set a $63.00 price target on shares of PayPal Holdings in a report on Monday, July 24th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $68.00 price target (up previously from $61.00) on shares of PayPal Holdings in a report on Monday, July 24th. Ten research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $72.64.
Shares of PayPal Holdings (NASDAQ PYPL) opened at $76.38 on Friday. The stock has a market cap of $91,801.88, a PE ratio of 54.56, a PEG ratio of 3.31 and a beta of 1.03. PayPal Holdings has a 1-year low of $38.06 and a 1-year high of $78.01.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Atlantic Trust LLC boosted its stake in PayPal Holdings by 16.0% during the third quarter. Atlantic Trust LLC now owns 37,411 shares of the credit services provider’s stock worth $2,395,000 after buying an additional 5,151 shares during the period. Salem Investment Counselors Inc. boosted its stake in PayPal Holdings by 69.4% during the third quarter. Salem Investment Counselors Inc. now owns 48,796 shares of the credit services provider’s stock worth $3,143,000 after buying an additional 19,991 shares during the period. Moors & Cabot Inc. boosted its stake in PayPal Holdings by 10.7% during the third quarter. Moors & Cabot Inc. now owns 8,756 shares of the credit services provider’s stock worth $558,000 after buying an additional 845 shares during the period. Belpointe Asset Management LLC purchased a new position in PayPal Holdings during the third quarter worth $1,289,000. Finally, Cetera Advisors LLC boosted its stake in shares of PayPal Holdings by 14.3% during the third quarter. Cetera Advisors LLC now owns 5,449 shares of the credit services provider’s stock valued at $346,000 after purchasing an additional 682 shares during the period. 82.77% of the stock is owned by institutional investors.
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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