PayPal (NASDAQ:PYPL) Rating Reiterated by Wedbush

Wedbush reiterated their outperform rating on shares of PayPal (NASDAQ:PYPLFree Report) in a research note issued to investors on Thursday, Benzinga reports. They currently have a $85.00 price target on the credit services provider’s stock.

Several other equities analysts also recently issued reports on PYPL. Morgan Stanley reiterated an equal weight rating and set a $66.00 price objective (down from $118.00) on shares of PayPal in a research report on Tuesday, January 9th. Evercore ISI reiterated an in-line rating and set a $65.00 price objective on shares of PayPal in a research report on Thursday, December 7th. Monness Crespi & Hardt reduced their price objective on PayPal from $95.00 to $80.00 and set a buy rating for the company in a research report on Thursday. William Blair reissued an outperform rating on shares of PayPal in a report on Thursday, November 2nd. Finally, Piper Sandler dropped their price target on PayPal from $67.00 to $66.00 and set a neutral rating on the stock in a report on Thursday, November 2nd. Twenty-two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $70.90.

Check Out Our Latest Report on PYPL

PayPal Stock Performance

Shares of PYPL stock opened at $58.91 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The business has a 50 day moving average of $61.27 and a two-hundred day moving average of $60.03. PayPal has a 52 week low of $50.25 and a 52 week high of $82.85. The company has a market cap of $64.80 billion, a P/E ratio of 15.34, a PEG ratio of 0.84 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 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. PayPal’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, analysts anticipate that PayPal will post 4.32 EPS for the current year.

Insider Activity

In other news, EVP Peggy Alford sold 15,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $56.76, for a total transaction of $851,400.00. Following the transaction, the executive vice president now directly owns 40,601 shares in the company, valued at approximately $2,304,512.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Jonathan Auerbach sold 64,957 shares of the company’s stock in a transaction on 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 $4,393,654.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peggy Alford sold 15,000 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $56.76, for a total transaction of $851,400.00. Following the completion of the sale, the executive vice president now owns 40,601 shares of the company’s stock, valued at $2,304,512.76. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PayPal

A number of hedge funds have recently bought and sold shares of the company. Linscomb & Williams Inc. grew its position in shares of PayPal by 3.8% in the fourth quarter. Linscomb & Williams Inc. now owns 24,733 shares of the credit services provider’s stock valued at $1,519,000 after purchasing an additional 909 shares during the last quarter. Skopos Labs Inc. acquired a new stake in shares of PayPal in the fourth quarter valued at about $274,000. HCR Wealth Advisors grew its position in shares of PayPal by 26.8% in the fourth quarter. HCR Wealth Advisors now owns 5,524 shares of the credit services provider’s stock valued at $339,000 after purchasing an additional 1,168 shares during the last quarter. Team Hewins LLC acquired a new stake in shares of PayPal in the fourth quarter valued at about $384,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of PayPal in the fourth quarter valued at about $230,000. 68.42% of the stock is currently owned by institutional investors.

PayPal Company Profile

(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.

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Analyst Recommendations for PayPal (NASDAQ:PYPL)

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