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

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.

Several other analysts have also recently weighed in on the company. Robert W. Baird lifted their price objective on PayPal from $70.00 to $77.00 and gave the company an outperform rating in a research report on Wednesday, May 1st. Evercore ISI lifted their target price on shares of PayPal from $60.00 to $65.00 and gave the company an in-line rating in a report on Wednesday, May 1st. Wells Fargo & Company lifted their target price on shares of PayPal from $60.00 to $65.00 and gave the company an equal weight rating in a report on Wednesday, May 1st. JMP Securities lifted their target price on shares of PayPal from $70.00 to $82.00 and gave the company a market outperform rating in a report on Wednesday, May 1st. Finally, Citigroup lifted their target price on shares of PayPal from $79.00 to $81.00 and gave the company a buy rating in a report on Monday, June 10th. Twenty investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PayPal presently has a consensus rating of Hold and an average price target of $73.82.

Check Out Our Latest Report on PYPL

PayPal Stock Up 1.4 %

NASDAQ PYPL opened at $60.61 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $63.40 billion, a PE ratio of 15.27, a PEG ratio of 0.97 and a beta of 1.43. PayPal has a 1 year low of $50.25 and a 1 year high of $76.54. The business’s 50-day moving average is $63.60 and its 200 day moving average is $62.40.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 earnings per share. Sell-side analysts forecast that PayPal will post 4.14 earnings per share for the current year.

Insider Transactions at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the transaction, the director now owns 13,976 shares in the company, valued at approximately $861,620.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On PayPal

Large investors have recently bought and sold shares of the business. Morgan Stanley raised its position in PayPal by 4.5% during the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after purchasing an additional 873,181 shares in the last quarter. Norges Bank bought a new stake in PayPal during the 4th quarter valued at $749,561,000. Northern Trust Corp raised its position in PayPal by 0.7% during the 3rd quarter. Northern Trust Corp now owns 11,767,054 shares of the credit services provider’s stock valued at $687,902,000 after purchasing an additional 78,105 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in PayPal by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock valued at $428,449,000 after purchasing an additional 265,116 shares in the last quarter. Finally, FMR LLC raised its position in PayPal by 29.5% during the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock valued at $404,367,000 after purchasing an additional 1,575,930 shares in the last quarter. 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.

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