StockNews.com Upgrades PayPal (NASDAQ:PYPL) to Buy

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

A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. dropped their price objective on PayPal from $100.00 to $80.00 and set an overweight rating on the stock in a research note on Thursday, November 2nd. Wells Fargo & Company assumed coverage on PayPal in a research note on Tuesday, October 31st. They set an equal weight rating and a $55.00 price objective on the stock. Credit Suisse Group reissued a neutral rating and set a $80.00 target price on shares of PayPal in a report on Monday, July 24th. UBS Group reissued a neutral rating and set a $63.00 target price on shares of PayPal in a report on Friday, October 20th. Finally, Oppenheimer decreased their target price on PayPal from $77.00 to $72.00 and set an outperform rating on the stock in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $78.77.

PayPal Trading Up 0.8 %

NASDAQ PYPL opened at $56.99 on Friday. The stock has a market capitalization of $61.44 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 0.91 and a beta of 1.38. The stock’s 50 day moving average price is $56.85 and its two-hundred day moving average price is $62.48. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.30 and a current ratio of 1.30. PayPal has a 52 week low of $50.25 and a 52 week high of $88.63.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, November 1st. The credit services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.22 by $0.08. The firm had revenue of $7.40 billion for the quarter, compared to analysts’ expectations of $7.39 billion. PayPal had a return on equity of 20.78% and a net margin of 12.93%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 EPS. As a group, analysts anticipate that PayPal will post 3.84 earnings per share for the current fiscal year.

Institutional Trading of PayPal

Institutional investors and hedge funds have recently modified their holdings of the business. Mach 1 Financial Group LLC bought a new position in shares of PayPal during the first quarter worth about $22,024,000. VitalStone Financial LLC grew its stake in shares of PayPal by 4,514.3% in the 1st quarter. VitalStone Financial LLC now owns 323 shares of the credit services provider’s stock worth $75,000 after acquiring an additional 316 shares in the last quarter. SkyView Investment Advisors LLC grew its position in PayPal by 146.5% during the second quarter. SkyView Investment Advisors LLC now owns 382 shares of the credit services provider’s stock valued at $73,000 after buying an additional 227 shares during the period. Beacon Capital Management LLC grew its position in PayPal by 108.7% during the second quarter. Beacon Capital Management LLC now owns 384 shares of the credit services provider’s stock valued at $26,000 after buying an additional 200 shares during the period. Finally, PCA Investment Advisory Services Inc. bought a new position in PayPal during the second quarter valued at about $27,000. 68.42% 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. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.