PayPal (NASDAQ:PYPL) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of PayPal (NASDAQ:PYPL) from a hold rating to a buy rating in a research note published on Sunday.

A number of other analysts have also recently weighed in on PYPL. Keefe, Bruyette & Woods lowered their price target on PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, March 31st. Morgan Stanley increased their target price on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Piper Sandler cut their price target on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Arete Research set a $81.00 price objective on shares of PayPal in a research note on Thursday, March 27th. Finally, Susquehanna lifted their target price on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Fifteen research 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 company. According to data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average price target of $89.13.

PayPal Stock Down 5.4 %

PYPL opened at $58.37 on Friday. The company has a market capitalization of $57.74 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.27 and a beta of 1.60. 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 firm’s fifty day moving average price is $73.65 and its two-hundred day moving average price is $80.63. PayPal has a fifty-two week low of $56.97 and a fifty-two week high of $93.66.

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

Insider Buying and Selling

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by company insiders.

Institutional Trading of PayPal

Institutional investors have recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new stake in PayPal in the 4th quarter valued at approximately $25,000. Hurley Capital LLC acquired a new stake in shares of PayPal in the fourth quarter valued at approximately $27,000. Rosenberg Matthew Hamilton lifted its position in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal during the third quarter worth $26,000. Finally, Sugarloaf Wealth Management LLC grew its position in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

About PayPal

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.