Vetr upgraded shares of Paypal (NASDAQ:PYPL) from a buy rating to a strong-buy rating in a report issued on Tuesday. The firm currently has $80.21 price target on the credit services provider’s stock.
Several other research firms have also recently issued reports on PYPL. Barclays reaffirmed a buy rating on shares of Paypal in a research report on Tuesday, November 21st. Canaccord Genuity reaffirmed a hold rating and set a $66.00 price objective on shares of Paypal in a research report on Thursday, November 16th. Robert W. Baird upped their price objective on Paypal from $80.00 to $85.00 and gave the stock an outperform rating in a research report on Thursday, November 16th. KeyCorp reaffirmed an overweight rating and set a $85.00 price objective (up from $80.00) on shares of Paypal in a research report on Friday, November 17th. Finally, Citigroup reissued a buy rating and issued a $87.00 target price on shares of Paypal in a research report on Friday, November 17th. Ten analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $73.25.
Shares of Paypal (NASDAQ:PYPL) traded down $0.84 during midday trading on Tuesday, reaching $72.85. The company’s stock had a trading volume of 5,601,162 shares, compared to its average volume of 7,896,148. Paypal has a 12 month low of $39.02 and a 12 month high of $79.39. The stock has a market cap of $87,907.70, a P/E ratio of 52.24, a price-to-earnings-growth ratio of 3.00 and a beta of 1.03.
Institutional investors have recently added to or reduced their stakes in the business. AXA boosted its holdings in shares of Paypal by 68.4% during the third quarter. AXA now owns 382,248 shares of the credit services provider’s stock worth $24,475,000 after purchasing an additional 155,268 shares during the last quarter. Shelton Capital Management boosted its holdings in shares of Paypal by 1.2% during the third quarter. Shelton Capital Management now owns 103,253 shares of the credit services provider’s stock worth $6,611,000 after purchasing an additional 1,205 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Paypal during the third quarter worth $735,000. Visionary Asset Management Inc. acquired a new stake in shares of Paypal during the third quarter worth $214,000. Finally, Cambridge Financial Group Inc. acquired a new stake in shares of Paypal during the third quarter worth $7,005,000. 80.81% of the stock is owned by 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.
To view Vetr’s full report, visit Vetr’s official website.
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