PayPal (NASDAQ:PYPL) Coverage Initiated by Analysts at Compass Point

Equities researchers at Compass Point started coverage on shares of PayPal (NASDAQ:PYPL) in a research note issued on Wednesday,Benzinga reports. The brokerage set a “sell” rating and a $56.00 price target on the credit services provider’s stock. Compass Point’s price objective would suggest a potential downside of 8.82% from the stock’s current price.

Several other research analysts have also recently issued reports on PYPL. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Evercore ISI started coverage on PayPal in a research note on Wednesday, April 9th. They issued an “in-line” rating and a $65.00 price target on the stock. Barclays cut their price objective on PayPal from $110.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, April 15th. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Friday, February 28th. Finally, Keefe, Bruyette & Woods dropped their price target on PayPal from $104.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, March 31st. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.88.

PayPal Trading Up 1.9 %

NASDAQ:PYPL opened at $61.42 on Wednesday. PayPal has a 1 year low of $55.85 and a 1 year high of $93.66. The stock has a market cap of $60.76 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50-day simple moving average of $67.60 and a 200-day simple moving average of $78.94.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the prior year, the firm posted $1.48 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, analysts anticipate that PayPal will post 5.03 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new position in PayPal in the 4th quarter worth approximately $25,000. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the period. Hurley Capital LLC purchased a new position in shares of PayPal in the fourth quarter valued at $27,000. Garde Capital Inc. bought a new stake in shares of PayPal during the 1st quarter valued at $28,000. Finally, Sugarloaf Wealth Management LLC lifted its holdings in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

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.