Paypal (NASDAQ:PYPL) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday, September 18th.

Other analysts also recently issued research reports about the stock. KeyCorp upped their price target on shares of Paypal from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, May 22nd. Stifel Nicolaus raised shares of Paypal from a “hold” rating to a “buy” rating and upped their price target for the stock from $82.00 to $99.00 in a report on Friday, May 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $93.00 price target on shares of Paypal in a report on Friday, May 25th. Oppenheimer upped their price target on shares of Paypal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday, May 25th. Finally, Wedbush raised shares of Paypal from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Friday, May 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $91.89.

Shares of NASDAQ:PYPL traded up $3.13 on Tuesday, reaching $79.03. 13,964,698 shares of the company’s stock were exchanged, compared to its average volume of 8,617,697. Paypal has a twelve month low of $66.16 and a twelve month high of $93.70. The firm has a market cap of $103.97 billion, a PE ratio of 56.86, a PEG ratio of 2.86 and a beta of 1.31.

Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, July 25th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.17. Paypal had a net margin of 14.02% and a return on equity of 12.91%. The firm had revenue of $3.86 billion for the quarter, compared to analyst estimates of $3.81 billion. During the same quarter in the prior year, the business posted $0.46 EPS. The business’s revenue was up 23.0% compared to the same quarter last year. Analysts forecast that Paypal will post 1.73 earnings per share for the current fiscal year.

In other Paypal news, COO William J. Ready sold 38,878 shares of the firm’s stock in a transaction on Friday, July 27th. The shares were sold at an average price of $88.22, for a total value of $3,429,817.16. Following the completion of the sale, the chief operating officer now directly owns 119,215 shares in the company, valued at $10,517,147.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John D. Rainey sold 5,462 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $88.22, for a total transaction of $481,857.64. Following the completion of the sale, the chief financial officer now owns 113,307 shares of the company’s stock, valued at $9,995,943.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 149,732 shares of company stock valued at $13,204,157. 0.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Fundsmith Equity Fund L.P. bought a new position in shares of Paypal during the second quarter valued at about $1,266,514,000. Third Point LLC bought a new position in shares of Paypal during the second quarter valued at about $832,700,000. Fred Alger Management Inc. lifted its position in shares of Paypal by 2,482.2% during the second quarter. Fred Alger Management Inc. now owns 2,401,884 shares of the credit services provider’s stock valued at $200,005,000 after purchasing an additional 2,308,867 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Paypal by 19.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,873,686 shares of the credit services provider’s stock valued at $655,643,000 after purchasing an additional 1,269,133 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Paypal by 15.0% during the second quarter. American Century Companies Inc. now owns 9,428,321 shares of the credit services provider’s stock valued at $785,096,000 after purchasing an additional 1,227,210 shares in the last quarter. 79.59% of the stock is currently owned by hedge funds and other institutional investors.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending 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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