PayPal (NASDAQ:PYPL) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of PayPal (NASDAQ:PYPLFree Report) from a hold rating to a buy rating in a research report report published on Tuesday.

PYPL has been the topic of a number of other reports. Jefferies Financial Group decreased their price target on PayPal from $65.00 to $60.00 and set a hold rating on the stock in a research report on Monday, October 9th. Bank of America lowered PayPal from a buy rating to a neutral rating and decreased their price target for the stock from $77.00 to $66.00 in a research report on Wednesday, December 6th. Canaccord Genuity Group decreased their price objective on PayPal from $110.00 to $100.00 and set a buy rating on the stock in a research report on Thursday, November 2nd. Evercore ISI reiterated an in-line rating and issued a $65.00 price objective on shares of PayPal in a research report on Thursday, December 7th. Finally, Truist Financial decreased their price objective on PayPal from $70.00 to $65.00 and set a buy rating on the stock in a research report on Friday, November 3rd. Twenty-two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $70.90.

Read Our Latest Stock Analysis on PayPal

PayPal Trading Up 5.0 %

Shares of PYPL opened at $58.91 on Tuesday. PayPal has a 1 year low of $50.25 and a 1 year high of $82.85. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.54. The stock has a 50 day simple moving average of $61.27 and a 200-day simple moving average of $60.21. The stock has a market cap of $64.80 billion, a PE ratio of 15.34, a PEG ratio of 0.91 and a beta of 1.47.

PayPal (NASDAQ:PYPLGet Free Report) last issued its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 21.18% and a net margin of 14.26%. The business had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the prior year, the firm posted $1.01 EPS. PayPal’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts predict that PayPal will post 4.34 EPS for the current fiscal year.

Insider Buying and Selling

In other PayPal news, EVP Peggy Alford sold 15,000 shares of PayPal stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $56.76, for a total value of $851,400.00. Following the sale, the executive vice president now owns 40,601 shares of the company’s stock, valued at approximately $2,304,512.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other PayPal news, EVP Peggy Alford sold 15,000 shares of PayPal stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $56.76, for a total value of $851,400.00. Following the sale, the executive vice president now owns 40,601 shares of the company’s stock, valued at approximately $2,304,512.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan Auerbach sold 64,957 shares of PayPal stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $55.58, for a total value of $3,610,310.06. Following the completion of the sale, the insider now directly owns 79,051 shares in the company, valued at approximately $4,393,654.58. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Institutional Trading of PayPal

Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp increased its position in shares of PayPal by 0.9% in the second quarter. State Street Corp now owns 45,846,969 shares of the credit services provider’s stock valued at $3,059,368,000 after acquiring an additional 423,625 shares during the last quarter. Geode Capital Management LLC grew its holdings in PayPal by 0.8% during the second quarter. Geode Capital Management LLC now owns 21,122,962 shares of the credit services provider’s stock worth $1,405,567,000 after purchasing an additional 175,617 shares during the period. Morgan Stanley grew its holdings in PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after purchasing an additional 873,181 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in PayPal by 110,462.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock worth $1,220,431,000 after purchasing an additional 17,120,572 shares during the period. Finally, Norges Bank bought a new stake in shares of PayPal during the fourth quarter worth approximately $1,022,333,000. Institutional investors and hedge funds own 68.42% of the company’s stock.

About PayPal

(Get Free Report)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

Read More

Analyst Recommendations for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.