PayPal (NASDAQ:PYPL) Downgraded by Jefferies Financial Group

Jefferies Financial Group cut shares of PayPal (NASDAQ:PYPL) from a buy rating to a hold rating in a report published on Wednesday morning, Analyst Price Targets reports. The brokerage currently has $200.00 price objective on the credit services provider’s stock, down from their prior price objective of $255.00. Jefferies Financial Group also issued estimates for PayPal’s Q1 2022 earnings at $0.78 EPS, Q2 2022 earnings at $0.88 EPS, Q3 2022 earnings at $1.05 EPS, FY2022 earnings at $3.84 EPS and FY2023 earnings at $5.10 EPS.

Other research analysts have also issued research reports about the company. DA Davidson decreased their target price on PayPal from $325.00 to $275.00 and set a buy rating on the stock in a research report on Tuesday, November 9th. Wedbush cut their price objective on PayPal from $240.00 to $220.00 and set an outperform rating for the company in a research report on Monday, December 20th. Morgan Stanley dropped their target price on PayPal from $340.00 to $265.00 and set an overweight rating for the company in a research report on Wednesday, November 10th. Royal Bank of Canada decreased their price objective on PayPal from $298.00 to $230.00 in a research note on Friday, January 7th. Finally, Susquehanna decreased their target price on PayPal from $360.00 to $310.00 and set a positive rating for the company in a research note on Tuesday, November 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Buy and an average target price of $269.20.

PYPL opened at $178.42 on Wednesday. PayPal has a 52-week low of $175.40 and a 52-week high of $310.16. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.36. The company has a market cap of $209.63 billion, a P/E ratio of 42.89, a price-to-earnings-growth ratio of 2.32 and a beta of 1.16. The firm’s 50-day moving average price is $192.20 and its 200-day moving average price is $246.01.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Monday, November 8th. The credit services provider reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.04. The company had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.24 billion. PayPal had a net margin of 20.09% and a return on equity of 19.75%. PayPal’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. On average, research analysts anticipate that PayPal will post 3.48 EPS for the current fiscal year.

In other news, Director Enrique Lores bought 2,770 shares of the business’s stock in a transaction that occurred on Friday, December 3rd. The stock was acquired at an average cost of $180.08 per share, for a total transaction of $498,821.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Daniel H. Schulman sold 10,000 shares of the firm’s stock in a transaction dated Friday, October 29th. The shares were sold at an average price of $234.53, for a total transaction of $2,345,300.00. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 14,097 shares of company stock valued at $2,786,518 and have sold 44,114 shares valued at $8,990,858. 0.10% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Caisse DE Depot ET Placement DU Quebec lifted its position in PayPal by 355.8% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 282,691 shares of the credit services provider’s stock worth $82,399,000 after acquiring an additional 220,669 shares during the last quarter. Deltec Asset Management LLC lifted its position in PayPal by 6.5% during the third quarter. Deltec Asset Management LLC now owns 28,385 shares of the credit services provider’s stock worth $7,386,000 after acquiring an additional 1,735 shares during the last quarter. Thoroughbred Financial Services LLC lifted its position in PayPal by 6.0% during the third quarter. Thoroughbred Financial Services LLC now owns 17,889 shares of the credit services provider’s stock worth $4,654,000 after acquiring an additional 1,005 shares during the last quarter. DT Investment Partners LLC acquired a new stake in PayPal during the third quarter worth approximately $804,000. Finally, UMB Bank N A MO lifted its position in PayPal by 1.9% during the third quarter. UMB Bank N A MO now owns 57,996 shares of the credit services provider’s stock worth $15,091,000 after acquiring an additional 1,064 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

About PayPal

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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