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 issued to investors on Sunday morning.

PYPL has been the subject of a number of other research reports. UBS Group boosted their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Canaccord Genuity Group raised their price target on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Macquarie raised their price objective on PayPal from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets upped their target price on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.45.

PayPal Stock Down 2.6 %

PYPL opened at $77.25 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.24. PayPal has a one year low of $52.55 and a one year high of $83.70. The firm has a market capitalization of $77.45 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.41 and a beta of 1.43. The company has a fifty day moving average price of $76.50 and a 200-day moving average price of $67.72.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results 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 return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter last year, the firm posted $0.97 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts expect that PayPal will post 4.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of PayPal by 18.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 234,147 shares of the credit services provider’s stock worth $15,686,000 after buying an additional 36,994 shares in the last quarter. FORA Capital LLC purchased a new stake in PayPal during the 1st quarter valued at $740,000. Whittier Trust Co. increased its holdings in shares of PayPal by 2.6% in the 1st quarter. Whittier Trust Co. now owns 12,962 shares of the credit services provider’s stock worth $868,000 after purchasing an additional 323 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of PayPal by 23.2% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 5,410 shares of the credit services provider’s stock worth $362,000 after purchasing an additional 1,019 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of PayPal during the first quarter valued at $176,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

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.