PayPal (NASDAQ:PYPL) Rating Increased to Buy at StockNews.com

PayPal (NASDAQ:PYPLGet Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

A number of other research firms also recently issued reports on PYPL. Wedbush reiterated an “outperform” rating and set a $85.00 price target on shares of PayPal in a research report on Thursday, February 8th. Royal Bank of Canada boosted their price objective on shares of PayPal from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. DZ Bank cut shares of PayPal from a “buy” rating to a “hold” rating and set a $60.00 price target for the company. in a research report on Friday, February 9th. William Blair reaffirmed an “outperform” rating on shares of PayPal in a research report on Thursday, February 8th. Finally, Sanford C. Bernstein boosted their price objective on shares of PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Twenty-one research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.39.

Get Our Latest Stock Analysis on PayPal

PayPal Stock Up 2.4 %

Shares of PayPal stock traded up $1.46 during trading hours on Thursday, reaching $62.51. 11,868,794 shares of the company were exchanged, compared to its average volume of 15,321,034. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. The stock’s fifty day moving average is $64.57 and its 200 day moving average is $61.78. The firm has a market cap of $65.39 billion, a PE ratio of 15.75, a PEG ratio of 1.02 and a beta of 1.41. PayPal has a 1 year low of $50.25 and a 1 year high of $76.54.

PayPal (NASDAQ:PYPLGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the previous year, the business posted $0.86 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal will post 4.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the sale, the director now directly owns 13,976 shares in the company, valued at approximately $861,620.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the transaction, the director now directly owns 13,976 shares in the company, valued at $861,620.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

Institutional investors have recently made changes to their positions in the stock. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of PayPal during the fourth quarter valued at approximately $25,000. Sutton Wealth Advisors Inc. boosted its stake in shares of PayPal by 115.0% during the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 237 shares during the period. Pittenger & Anderson Inc. boosted its stake in shares of PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares during the period. American National Bank purchased a new stake in shares of PayPal during the first quarter valued at approximately $27,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of PayPal during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Company Profile

(Get Free Report)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.

See Also

Analyst Recommendations for PayPal (NASDAQ:PYPL)

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