PayPal (NASDAQ:PYPL) Upgraded at StockNews.com

StockNews.com upgraded shares of PayPal (NASDAQ:PYPL) from a hold rating to a buy rating in a report released on Tuesday.

A number of other analysts have also commented on the stock. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Phillip Securities restated an “accumulate” rating and set a $90.00 target price (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Stephens boosted their price target on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Oppenheimer assumed coverage on shares of PayPal in a research report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, Barclays increased their price target on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.42.

PayPal Stock Down 0.1 %

NASDAQ PYPL opened at $88.14 on Tuesday. PayPal has a twelve month low of $55.77 and a twelve month high of $93.66. The stock has a market cap of $88.36 billion, a PE ratio of 21.04, a PEG ratio of 1.66 and a beta of 1.44. The firm has a 50-day simple moving average of $85.26 and a 200 day simple moving average of $73.76. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 earnings per share. On average, research analysts forecast that PayPal will post 4.57 EPS for the current year.

Institutional Trading of PayPal

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. World Investment Advisors LLC purchased a new stake in PayPal during the third quarter valued at $387,435,000. United Advisor Group LLC bought a new position in PayPal in the third quarter worth about $810,000. FCG Investment Co bought a new position in shares of PayPal during the 3rd quarter worth approximately $1,079,000. Equity Investment Corp increased its position in PayPal by 3.5% during 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. raised its position in shares of PayPal by 68.9% in the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after purchasing an additional 17,003 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

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.