BidaskClub Upgrades Paypal (NASDAQ:PYPL) to Hold

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BidaskClub upgraded shares of Paypal (NASDAQ:PYPL) from a sell rating to a hold rating in a research note published on Saturday morning, BidAskClub reports.

Other equities analysts have also issued research reports about the company. Bank of America reaffirmed a buy rating and issued a $127.00 price target on shares of Paypal in a research report on Thursday, November 21st. Rosenblatt Securities reaffirmed a buy rating and issued a $128.00 price target on shares of Paypal in a research report on Thursday, October 24th. Morgan Stanley set a $129.00 price target on Paypal and gave the stock a buy rating in a research report on Tuesday, September 17th. Wedbush reaffirmed an outperform rating on shares of Paypal in a research report on Friday, November 22nd. Finally, Guggenheim raised Paypal from a sell rating to a neutral rating in a research report on Tuesday, August 13th. Nine analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $121.89.

PYPL opened at $106.21 on Friday. The stock has a 50-day moving average price of $103.60 and a 200-day moving average price of $108.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $126.82 billion, a PE ratio of 59.34, a P/E/G ratio of 2.56 and a beta of 0.95. Paypal has a 1 year low of $76.70 and a 1 year high of $121.48.

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

In other Paypal news, EVP Jonathan Auerbach sold 2,660 shares of the business’s stock in a transaction dated 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 directly owns 115,274 shares in the company, valued at approximately $11,959,677.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Daniel H. Schulman sold 30,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $110.87, for a total value of $3,326,100.00. Following the sale, the chief executive officer now owns 457,074 shares of the company’s stock, valued at $50,675,794.38. The disclosure for this sale can be found here. Insiders sold a total of 98,167 shares of company stock valued at $10,405,036 over the last quarter. 0.15% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Paypal by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 89,109,876 shares of the credit services provider’s stock valued at $10,199,516,000 after purchasing an additional 1,274,702 shares during the period. BlackRock Inc. grew its stake in shares of Paypal by 1.6% during the 2nd quarter. BlackRock Inc. now owns 74,983,829 shares of the credit services provider’s stock valued at $8,582,649,000 after purchasing an additional 1,194,180 shares during the period. State Street Corp grew its stake in shares of Paypal by 0.7% during the 3rd quarter. State Street Corp now owns 46,142,679 shares of the credit services provider’s stock valued at $4,779,920,000 after purchasing an additional 327,750 shares during the period. Invesco Ltd. grew its stake in shares of Paypal by 37.9% during the 2nd quarter. Invesco Ltd. now owns 20,557,665 shares of the credit services provider’s stock valued at $2,353,030,000 after purchasing an additional 5,654,831 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in shares of Paypal by 6,747.4% during the 2nd quarter. Nuveen Asset Management LLC now owns 18,861,956 shares of the credit services provider’s stock valued at $2,158,939,000 after purchasing an additional 18,586,493 shares during the period. Institutional investors and hedge funds own 80.67% 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.

Further Reading: How to use beta for portfolio diversification

Analyst Recommendations for Paypal (NASDAQ:PYPL)

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