Paypal (NASDAQ:PYPL) Lifted to “Outperform” at Sanford C. Bernstein

Paypal (NASDAQ:PYPL) was upgraded by equities research analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research report issued on Tuesday, January 7th, Marketbeat reports. The firm currently has a $130.00 target price on the credit services provider’s stock, up from their previous target price of $115.00. Sanford C. Bernstein’s price objective indicates a potential upside of 12.69% from the company’s current price.

PYPL has been the subject of several other research reports. Compass Point assumed coverage on shares of Paypal in a research note on Thursday, December 5th. They issued a “buy” rating and a $120.00 target price for the company. SunTrust Banks dropped their target price on shares of Paypal to $105.00 and set a “hold” rating for the company in a report on Thursday, October 24th. BTIG Research restated a “buy” rating and set a $130.00 target price on shares of Paypal in a report on Thursday, November 21st. Rosenblatt Securities reiterated a “buy” rating and set a $128.00 price target on shares of Paypal in a report on Thursday, October 24th. Finally, Craig Hallum lowered their price target on shares of Paypal from $140.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $122.09.

PYPL traded up $0.52 on Tuesday, reaching $115.37. The stock had a trading volume of 1,733,987 shares, compared to its average volume of 5,538,392. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.30. The company has a market cap of $134.61 billion, a P/E ratio of 64.45, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94. The business’s 50-day moving average price is $108.59 and its two-hundred day moving average price is $107.73. Paypal has a 12-month low of $86.62 and a 12-month high of $121.48.

Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, October 23rd. The credit services provider reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.09. Paypal had a net margin of 14.89% and a return on equity of 16.73%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the business posted $0.58 EPS. Paypal’s revenue was up 18.9% on a year-over-year basis. As a group, analysts predict that Paypal will post 2.3 earnings per share for the current year.

In related news, CEO Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $104.10, for a total value of $3,123,000.00. Following the completion of the sale, the chief executive officer now owns 437,308 shares in the company, valued at $45,523,762.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jonathan Auerbach sold 2,660 shares of Paypal stock in a transaction on Friday, November 15th. The stock was sold at an average price of $103.75, for a total transaction of $275,975.00. Following the completion of the sale, the executive vice president now owns 115,274 shares of the company’s stock, valued at approximately $11,959,677.50. The disclosure for this sale can be found here. Insiders have sold 93,886 shares of company stock worth $9,772,487 in the last quarter. Insiders own 0.15% of the company’s stock.

Several large investors have recently modified their holdings of PYPL. Frontier Wealth Management LLC boosted its holdings in shares of Paypal by 1.6% during the second quarter. Frontier Wealth Management LLC now owns 6,418 shares of the credit services provider’s stock valued at $735,000 after acquiring an additional 100 shares during the period. First Command Financial Services Inc. boosted its holdings in shares of Paypal by 5.5% during the third quarter. First Command Financial Services Inc. now owns 1,908 shares of the credit services provider’s stock valued at $197,000 after acquiring an additional 100 shares during the period. Rikoon Group LLC boosted its holdings in shares of Paypal by 0.5% during the third quarter. Rikoon Group LLC now owns 19,993 shares of the credit services provider’s stock valued at $2,071,000 after acquiring an additional 100 shares during the period. Gardiner Nancy B boosted its holdings in shares of Paypal by 1.3% during the fourth quarter. Gardiner Nancy B now owns 7,965 shares of the credit services provider’s stock valued at $862,000 after acquiring an additional 100 shares during the period. Finally, Security National Trust Co. boosted its holdings in shares of Paypal by 0.4% during the third quarter. Security National Trust Co. now owns 28,100 shares of the credit services provider’s stock valued at $2,911,000 after acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 80.60% of the company’s stock.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Analyst Recommendations for Paypal (NASDAQ:PYPL)

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