PayPal (NASDAQ:PYPL) Downgraded by StockNews.com

StockNews.com cut shares of PayPal (NASDAQ:PYPL) from a buy rating to a hold rating in a research report sent to investors on Thursday.

A number of other analysts have also commented on the company. Barclays lifted their price objective on PayPal from $81.00 to $85.00 and gave the stock an overweight rating in a research report on Thursday, August 1st. TD Cowen lifted their price target on shares of PayPal from $68.00 to $70.00 and gave the stock a hold rating in a research report on Wednesday, July 31st. Macquarie increased their price objective on shares of PayPal from $85.00 to $90.00 and gave the company an outperform rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reaffirmed an outperform rating and set a $78.00 target price on shares of PayPal in a report on Wednesday. Finally, Daiwa Capital Markets raised PayPal from a neutral rating to an outperform rating and increased their price target for the company from $68.00 to $72.00 in a research note on Friday, August 9th. Seventeen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $75.58.

PayPal Stock Down 1.0 %

Shares of NASDAQ:PYPL opened at $76.76 on Thursday. PayPal has a 12 month low of $50.25 and a 12 month high of $78.25. The firm has a market cap of $78.47 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.01 and a beta of 1.43. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $67.01 and its two-hundred day moving average price is $64.42.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. PayPal’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.83 EPS. As a group, research analysts forecast that PayPal will post 4.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Pittenger & Anderson Inc. boosted its holdings in shares of PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares during the last quarter. American National Bank bought a new position in shares of PayPal in the 1st quarter valued at about $27,000. Register Financial Advisors LLC bought a new position in shares of PayPal in the 1st quarter valued at about $30,000. CarsonAllaria Wealth Management Ltd. increased its stake in shares of PayPal by 65.8% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 185 shares during the last quarter. Finally, Family Firm Inc. bought a new stake in shares of PayPal in the 2nd quarter valued at about $29,000. 68.32% of the stock is owned by institutional investors and hedge funds.

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.