PayPal (NASDAQ:PYPL) Upgraded by DZ Bank to Buy Rating

DZ Bank upgraded shares of PayPal (NASDAQ:PYPL) from a hold rating to a buy rating in a research report released on Friday morning, Marketbeat Ratings reports. DZ Bank currently has $92.00 target price on the credit services provider’s stock.

PYPL has been the topic of a number of other reports. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Piper Sandler lowered their price objective on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a report on Friday, December 13th. Macquarie boosted their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Susquehanna upped their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Fourteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Stock Up 0.5 %

Shares of NASDAQ:PYPL opened at $71.07 on Friday. PayPal has a one year low of $56.97 and a one year high of $93.66. The company has a 50 day moving average of $83.61 and a 200-day moving average of $80.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $70.30 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.27 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter last year, the firm earned $1.48 EPS. PayPal’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts forecast that PayPal will post 5.03 earnings per share for the current year.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

Institutional Trading of PayPal

A number of institutional investors have recently added to or reduced their stakes in PYPL. Mpwm Advisory Solutions LLC bought a new position in PayPal during the fourth quarter worth $25,000. Hurley Capital LLC acquired a new position in PayPal during the 4th quarter worth about $27,000. Rosenberg Matthew Hamilton raised its holdings in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal in the 3rd quarter valued at about $26,000. Finally, Sugarloaf Wealth Management LLC increased its stake in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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.