PayPal (NASDAQ:PYPL) Upgraded to Positive at Susquehanna

Susquehanna upgraded shares of PayPal (NASDAQ:PYPL) from a neutral rating to a positive rating in a report released on Tuesday morning, Marketbeat.com reports. They currently have $71.00 price objective on the credit services provider’s stock.

PYPL has been the subject of a number of other reports. Monness Crespi & Hardt lifted their price target on PayPal from $80.00 to $88.00 and gave the stock a buy rating in a report on Monday, April 29th. Sanford C. Bernstein boosted their price target on PayPal from $66.00 to $68.00 and gave the company a market perform rating in a research report on Thursday, April 18th. New Street Research initiated coverage on PayPal in a research report on Friday, May 31st. They set a buy rating and a $80.00 target price on the stock. BMO Capital Markets boosted their target price on PayPal from $64.00 to $65.00 and gave the stock a market perform rating in a research report on Wednesday, May 1st. Finally, Wells Fargo & Company boosted their price target on PayPal from $60.00 to $65.00 and gave the stock an equal weight rating in a research note on Wednesday, May 1st. Twenty research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $73.82.

PayPal Trading Up 2.0 %

PYPL opened at $58.97 on Tuesday. PayPal has a 12 month low of $50.25 and a 12 month high of $76.54. The stock has a market capitalization of $61.69 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 0.95 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. The business has a fifty day moving average price of $63.07 and a 200 day moving average price of $62.40.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The business had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $0.86 earnings per share. Sell-side analysts expect that PayPal will post 4.14 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the sale, the director now directly owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by insiders.

Institutional Trading of PayPal

Several large investors have recently modified their holdings of the business. Morgan Stanley grew its stake in shares of PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after acquiring an additional 873,181 shares in the last quarter. Norges Bank bought a new position in shares of PayPal during the fourth quarter worth about $749,561,000. Charles Schwab Investment Management Inc. lifted its position in shares of PayPal by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock worth $428,449,000 after purchasing an additional 265,116 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of PayPal by 15.8% during the first quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock worth $445,103,000 after purchasing an additional 904,804 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in PayPal by 1.7% in the fourth quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock worth $225,283,000 after acquiring an additional 61,384 shares during 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.