PayPal Holdings, Inc. (PYPL) Given Outperform Rating at Credit Suisse Group

Credit Suisse Group reiterated their outperform rating on shares of PayPal Holdings, Inc. (NASDAQ:PYPL) in a research note released on Friday morning. Credit Suisse Group currently has a $85.00 price objective on the credit services provider’s stock, up from their prior price objective of $74.00.

Other equities research analysts have also issued 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 for the company 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 from $61.00) on shares of PayPal Holdings in a report on Monday, July 24th. Eleven analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company. PayPal Holdings has a consensus rating of Buy and an average price target of $72.43.

PayPal Holdings (NASDAQ:PYPL) traded down $1.32 on Friday, reaching $76.38. 11,771,514 shares of the company were exchanged, compared to its average volume of 7,638,537. The firm has a market cap of $93,390.00 and a price-to-earnings ratio of 53.21. PayPal Holdings has a 1-year low of $38.06 and a 1-year high of $78.01.

PayPal Holdings (NASDAQ:PYPL) last released its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.18 billion. PayPal Holdings had a net margin of 12.69% and a return on equity of 11.33%. The business’s revenue was up 21.4% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS. sell-side analysts anticipate that PayPal Holdings will post 1.37 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in PYPL. Edgewood Management LLC raised its holdings in shares of PayPal Holdings by 3.7% in the 1st quarter. Edgewood Management LLC now owns 18,568,508 shares of the credit services provider’s stock worth $798,817,000 after purchasing an additional 663,087 shares in the last quarter. Apertura Capital LLC raised its holdings in shares of PayPal Holdings by 16.7% in the 1st quarter. Apertura Capital LLC now owns 175,000 shares of the credit services provider’s stock worth $7,529,000 after purchasing an additional 25,000 shares in the last quarter. Balentine LLC raised its holdings in shares of PayPal Holdings by 28.7% in the 1st quarter. Balentine LLC now owns 3,494 shares of the credit services provider’s stock worth $150,000 after purchasing an additional 780 shares in the last quarter. Primecap Management Co. CA raised its holdings in shares of PayPal Holdings by 3.0% in the 1st quarter. Primecap Management Co. CA now owns 4,957,900 shares of the credit services provider’s stock worth $213,289,000 after purchasing an additional 144,200 shares in the last quarter. Finally, Global X Management Co. LLC raised its holdings in shares of PayPal Holdings by 13.1% in the 1st quarter. Global X Management Co. LLC now owns 12,421 shares of the credit services provider’s stock worth $534,000 after purchasing an additional 1,443 shares in the last quarter. Institutional investors and hedge funds own 83.08% of the company’s stock.

PayPal Holdings 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.

Analyst Recommendations for PayPal Holdings (NASDAQ:PYPL)

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