Wedbush upgraded shares of Paypal Holdings Inc (NASDAQ:PYPLV) from a neutral rating to an outperform rating in a research note released on Saturday morning, MarketBeat reports. Wedbush currently has $40.00 price objective on the stock.

Shares of Paypal Holdings (NASDAQ:PYPLV) remained flat at $38.39 on Friday. Paypal Holdings has a 12 month low of $33.98 and a 12 month high of $40.20. The company’s 50-day moving average price is $36.55 and its 200 day moving average price is $36.55.

A number of other equities research analysts have also issued reports on PYPLV. Mizuho reissued a neutral rating and issued a $40.00 price objective on shares of Paypal Holdings in a report on Wednesday, January 13th. RBC Capital reissued an outperform rating and issued a $42.00 price objective (down previously from $46.00) on shares of Paypal Holdings in a report on Saturday. Monness Crespi & Hardt reissued a neutral rating on shares of Paypal Holdings in a report on Monday, January 25th. Citigroup Inc. reaffirmed a buy rating and set a $44.00 target price (down previously from $47.00) on shares of Paypal Holdings in a research note on Saturday, October 31st. Finally, Bank of America reaffirmed a neutral rating and set a $42.00 target price (up previously from $39.00) on shares of Paypal Holdings in a research note on Tuesday, January 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Paypal Holdings presently has a consensus rating of Buy and a consensus price target of $40.42.

A number of hedge funds have recently modified their holdings of the stock. Appleton Partners Inc. MA boosted its stake in shares of Paypal Holdings by 32.4% in the fourth quarter. Appleton Partners Inc. MA now owns 199,124 shares of the company’s stock valued at $7,208,000 after buying an additional 48,731 shares during the period. KAMES CAPITAL plc purchased a new stake in shares of Paypal Holdings during the fourth quarter valued at $1,429,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Paypal Holdings by 12.8% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 119,626 shares of the company’s stock valued at $4,331,000 after buying an additional 13,600 shares during the period. Dearborn Partners LLC boosted its stake in shares of Paypal Holdings by 11.0% in the fourth quarter. Dearborn Partners LLC now owns 46,550 shares of the company’s stock valued at $1,685,000 after buying an additional 4,600 shares during the period. Finally, Beese Fulmer Investment Management Inc. boosted its stake in shares of Paypal Holdings by 4.2% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 63,664 shares of the company’s stock valued at $2,305,000 after buying an additional 2,547 shares during the period.

PayPal Holdings, Inc. (NASDAQ:PYPLV) is a technology platform company, which enables digital and mobile payments on behalf of consumers and merchants around the world. The Company focuses on its consumers, merchants, friends and family to access and move their money through its platform using various devices, such as mobile, tablets, personal computers and wearables. It provides businesses of various sizes to accept payments from merchant Websites, mobile devices and applications, and at offline retail locations through a range of payment solutions across its Payments Platform, including PayPal, PayPal Credit, Venmo and Braintree products. PayPal gateway products include Payflow Payments and Braintree products. The Company enables its consumers to fund a purchase using a bank account, a PayPal account balance, a PayPal Credit account, a credit or debit card, or other stored value products such as coupons and gift cards.

12 Month Chart for NASDAQ:PYPLV

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