PayPal (NASDAQ:PYPL) Upgraded by DZ Bank to “Buy” Rating

PayPal (NASDAQ:PYPL) was upgraded by stock analysts at DZ Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday,Briefing.com Automated Import reports. The firm presently has a $92.00 price target on the credit services provider’s stock. DZ Bank’s price objective would indicate a potential upside of 30.07% from the company’s previous close.

Several other analysts have also recently issued reports on PYPL. Citigroup reiterated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Finally, Phillip Securities reiterated an “accumulate” rating and issued a $90.00 target price (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Stock Performance

PayPal stock opened at $70.73 on Friday. The stock’s 50-day moving average is $83.93 and its 200-day moving average is $80.89. The company has a market cap of $69.97 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44. PayPal has a 12 month low of $56.97 and a 12 month high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.48 EPS. Equities analysts anticipate that PayPal will post 5.03 earnings per share for the current year.

Hedge Funds Weigh In On PayPal

Hedge funds have recently modified their holdings of the company. Relyea Zuckerberg Hanson LLC lifted its holdings in PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after acquiring an additional 3,976 shares during the last quarter. World Investment Advisors LLC acquired a new stake in PayPal during the third quarter valued at approximately $387,435,000. United Advisor Group LLC bought a new stake in PayPal during the third quarter worth approximately $810,000. Equity Investment Corp grew its position in PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after buying an additional 67,497 shares during the last quarter. Finally, Weil Company Inc. increased its holdings in shares of PayPal by 68.9% in the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after buying an additional 17,003 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Company Profile

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.