PayPal (NASDAQ:PYPL) Rating Lowered to “Hold” at StockNews.com

PayPal (NASDAQ:PYPL) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently weighed in on the company. Barclays lifted their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Macquarie increased their price objective on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods raised their target price on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, BTIG Research reiterated a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Sixteen analysts have rated the stock with 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.03.

PayPal Stock Performance

PYPL opened at $65.15 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $64.45 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The business has a fifty day simple moving average of $76.28 and a 200 day simple moving average of $80.90. PayPal has a 1 year low of $56.97 and a 1 year high of $93.66.

PayPal (NASDAQ:PYPL) last released 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 business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the prior year, the company posted $1.48 earnings per share. PayPal’s revenue was up 4.2% compared to the same quarter last year. Research analysts expect that PayPal will post 5.03 EPS for the current year.

Insider Buying and Selling at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were 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 in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Mascagni Wealth Management Inc. bought a new stake in PayPal in the fourth quarter worth approximately $47,000. 111 Capital acquired a new stake in shares of PayPal during the 4th quarter worth approximately $2,916,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of PayPal by 62.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 119,207 shares of the credit services provider’s stock valued at $10,174,000 after acquiring an additional 45,670 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its position in shares of PayPal by 0.5% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 114,630 shares of the credit services provider’s stock valued at $9,784,000 after acquiring an additional 583 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ bought a new position in PayPal during the fourth quarter worth $27,676,000. 68.32% of the stock is owned by institutional investors.

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.