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 report sent to investors on Sunday.

Other research analysts also recently issued research reports about the company. Robert W. Baird raised their price objective on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Mizuho upped their price target on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Macquarie raised their price objective on shares of PayPal from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Finally, Argus raised PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.45.

PayPal Stock Down 2.6 %

PYPL stock opened at $77.25 on Friday. The business’s 50-day moving average is $76.50 and its two-hundred day moving average is $67.72. PayPal has a fifty-two week low of $52.55 and a fifty-two week high of $83.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.24 and a current ratio of 1.25. The company has a market cap of $77.45 billion, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.41 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 EPS. As a group, analysts forecast that PayPal will post 4.56 earnings per share for the current year.

Institutional Trading of PayPal

Several institutional investors have recently added to or reduced their stakes in PYPL. Legal & General Group Plc lifted its stake in shares of PayPal by 3.3% during the 2nd quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock worth $501,184,000 after acquiring an additional 276,287 shares during the last quarter. Clearbridge Investments LLC increased its stake in PayPal by 28.1% in the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after purchasing an additional 1,866,925 shares during the period. Primecap Management Co. CA lifted its position in shares of PayPal by 180.7% during the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after purchasing an additional 3,184,160 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of PayPal by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock valued at $183,789,000 after purchasing an additional 409,322 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of PayPal by 5.1% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,046,502 shares of the credit services provider’s stock worth $176,789,000 after purchasing an additional 146,643 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.