Credit Suisse Group restated their outperform rating on shares of Paypal (NASDAQ:PYPL) in a report released on Wednesday morning, The Fly reports. The firm currently has a $91.00 target price on the credit services provider’s stock, up from their prior target price of $85.00.
A number of other brokerages have also weighed in on PYPL. BTIG Research restated a buy rating and issued a $81.00 target price on shares of Paypal in a research note on Sunday, November 19th. Vetr upgraded Paypal from a hold rating to a buy rating and set a $80.21 target price for the company in a research note on Wednesday, November 29th. Robert W. Baird raised their target price on Paypal from $80.00 to $85.00 and gave the company an outperform rating in a research note on Thursday, November 16th. Zacks Investment Research upgraded Paypal from a hold rating to a buy rating and set a $84.00 target price for the company in a research note on Wednesday, December 20th. Finally, Bank of America raised their target price on Paypal from $80.00 to $88.00 and gave the company a buy rating in a research note on Monday, November 20th. Ten research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Paypal has an average rating of Buy and a consensus price target of $76.55.
Shares of Paypal (NASDAQ:PYPL) traded up $0.47 during trading hours on Wednesday, hitting $82.94. The stock had a trading volume of 7,328,118 shares, compared to its average volume of 8,290,000. Paypal has a 52 week low of $39.02 and a 52 week high of $83.44. The firm has a market capitalization of $99,690.00 and a price-to-earnings ratio of 64.80.
In related news, Director Rodney C. Adkins bought 6,750 shares of Paypal stock in a transaction on Friday, December 8th. The shares were purchased at an average price of $74.04 per share, for a total transaction of $499,770.00. Following the completion of the acquisition, the director now owns 10,149 shares in the company, valued at $751,431.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.00% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of PYPL. San Francisco Sentry Investment Group CA boosted its holdings in Paypal by 352.8% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after buying an additional 1,217 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Paypal during the third quarter worth about $113,000. Kistler Tiffany Companies LLC boosted its holdings in Paypal by 511.9% during the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after buying an additional 1,684 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in Paypal by 171.4% during the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after buying an additional 1,808 shares during the last quarter. Finally, Thompson Davis & CO. Inc. boosted its holdings in Paypal by 294.3% during the third quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock worth $155,000 after buying an additional 1,807 shares during the last quarter. Hedge funds and other institutional investors own 81.90% of the company’s stock.
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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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