PayPal (NASDAQ:PYPL) Trading Up 1.9% After Analyst Upgrade

PayPal Holdings, Inc. (NASDAQ:PYPL) shares traded up 1.9% during trading on Monday after Susquehanna raised their price target on the stock from $94.00 to $101.00. Susquehanna currently has a positive rating on the stock. PayPal traded as high as $89.53 and last traded at $89.30. 2,092,401 shares changed hands during trading, a decline of 55% from the average session volume of 4,664,614 shares. The stock had previously closed at $87.60.

A number of other analysts have also issued reports on the stock. Macquarie raised their target price on shares of PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Mizuho lifted their price target on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Finally, BMO Capital Markets upped their price objective on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.65.

Hedge Funds Weigh In On PayPal

Several large investors have recently modified their holdings of the stock. World Investment Advisors LLC bought a new position in PayPal during the 3rd quarter worth approximately $387,435,000. United Advisor Group LLC bought a new position in PayPal in the 3rd quarter worth about $810,000. FCG Investment Co acquired a new position in shares of PayPal during the third quarter valued at $1,079,000. Equity Investment Corp grew its position in PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after buying an additional 67,497 shares in the last quarter. Finally, Weil Company Inc. lifted its position in PayPal by 68.9% in the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock worth $3,253,000 after purchasing an additional 17,003 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 1.7 %

The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $86.15 and a 200-day moving average price of $75.34. The company has a market capitalization of $88.19 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm posted $0.97 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

PayPal Company Profile

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.