PayPal Holdings, Inc. (NASDAQ:PYPL)‘s stock had its “buy” rating reissued by equities research analysts at Barclays PLC in a research report issued to clients and investors on Tuesday.
PYPL has been the topic of a number of other research reports. Zacks Investment Research downgraded PayPal Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Credit Suisse Group reaffirmed an “outperform” rating on shares of PayPal Holdings in a report on Tuesday, September 5th. Vetr raised PayPal Holdings from a “hold” rating to a “buy” rating and set a $73.32 target price on the stock in a report on Tuesday, October 24th. Citigroup Inc. raised their target price on PayPal Holdings to $77.00 and gave the company a “buy” rating in a report on Tuesday, October 3rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $61.27 target price (down previously from $70.00) on shares of PayPal Holdings in a report on Wednesday, September 6th. Ten analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $73.11.
PayPal Holdings (NASDAQ PYPL) traded down $0.37 during mid-day trading on Tuesday, hitting $76.01. The stock had a trading volume of 6,836,800 shares, compared to its average volume of 7,635,025. The company has a market capitalization of $91,980.00 and a P/E ratio of 54.56. PayPal Holdings has a 12 month low of $38.06 and a 12 month high of $78.01.
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A number of institutional investors have recently made changes to their positions in the stock. Cambridge Financial Group Inc. purchased a new stake in PayPal Holdings in the 3rd quarter worth about $7,005,000. Atlantic Trust LLC raised its stake in shares of PayPal Holdings by 16.0% during the 3rd quarter. Atlantic Trust LLC now owns 37,411 shares of the credit services provider’s stock worth $2,395,000 after purchasing an additional 5,151 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in shares of PayPal Holdings by 69.4% during the 3rd quarter. Salem Investment Counselors Inc. now owns 48,796 shares of the credit services provider’s stock worth $3,143,000 after purchasing an additional 19,991 shares in the last quarter. Moors & Cabot Inc. raised its stake in shares of PayPal Holdings by 10.7% during the 3rd quarter. Moors & Cabot Inc. now owns 8,756 shares of the credit services provider’s stock worth $558,000 after purchasing an additional 845 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in shares of PayPal Holdings during the 3rd quarter worth about $1,289,000. 82.77% of the stock is owned by hedge funds and other 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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