PayPal (NASDAQ:PYPL) Stock Rating Upgraded by StockNews.com

PayPal (NASDAQ:PYPL) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

A number of other analysts have also recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Monness Crespi & Hardt upped their price objective on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. raised their target price on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Finally, Phillip Securities reissued an “accumulate” rating and issued a $90.00 price objective (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $88.42.

PayPal Trading Up 1.6 %

PayPal stock opened at $88.25 on Tuesday. The stock has a market cap of $88.47 billion, a P/E ratio of 21.06, a P/E/G ratio of 1.66 and a beta of 1.44. PayPal has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $84.95 and its 200-day simple moving average is $73.55.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.97 EPS. As a group, sell-side analysts forecast that PayPal will post 4.57 EPS for the current fiscal year.

Institutional Trading of PayPal

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gordian Capital Singapore Pte Ltd bought a new position in PayPal during the third quarter worth about $26,000. Planning Capital Management Corp raised its holdings in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares in the last quarter. Financial Management Professionals Inc. lifted its position in shares of PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after buying an additional 243 shares during the period. Legacy Investment Solutions LLC acquired a new stake in PayPal in the 3rd quarter valued at $36,000. Finally, SYSTM Wealth Solutions LLC grew its position in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the period. Institutional investors own 68.32% of the company’s stock.

About PayPal

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.