PayPal (NASDAQ:PYPL) Downgraded by Susquehanna Bancshares to Neutral

Susquehanna Bancshares downgraded shares of PayPal (NASDAQ:PYPLGet Rating) to a neutral rating in a research report sent to investors on Tuesday, Stock Target Advisor reports. Susquehanna Bancshares currently has $100.00 price objective on the credit services provider’s stock, down from their previous price objective of $115.00.

PYPL has been the subject of a number of other research reports. JMP Securities lifted their price objective on PayPal from $100.00 to $120.00 and gave the company a market outperform rating in a research note on Wednesday, August 3rd. BMO Capital Markets boosted their price target on PayPal from $114.00 to $124.00 and gave the stock an outperform rating in a research note on Thursday, August 4th. Royal Bank of Canada boosted their price target on PayPal from $92.00 to $118.00 and gave the stock an outperform rating in a research note on Wednesday, August 3rd. Piper Sandler decreased their price target on PayPal from $140.00 to $93.00 and set an overweight rating for the company in a research note on Wednesday, July 6th. Finally, Credit Suisse Group boosted their price target on PayPal from $95.00 to $110.00 and gave the stock an outperform rating in a research note on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $134.23.

PayPal Price Performance

Shares of PayPal stock opened at $91.63 on Tuesday. The stock has a market capitalization of $105.97 billion, a P/E ratio of 52.66, a price-to-earnings-growth ratio of 2.01 and a beta of 1.45. PayPal has a one year low of $67.58 and a one year high of $279.95. The business’s 50 day simple moving average is $90.70 and its two-hundred day simple moving average is $90.64. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 1.23.

PayPal (NASDAQ:PYPLGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The credit services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.11. PayPal had a return on equity of 16.79% and a net margin of 7.79%. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.76 billion. Analysts forecast that PayPal will post 2.89 EPS for the current year.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Peggy Alford sold 21,791 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $97.82, for a total transaction of $2,131,595.62. Following the sale, the executive vice president now directly owns 18,100 shares in the company, valued at $1,770,542. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PYPL. Truist Financial Corp boosted its position in PayPal by 83.0% during the 1st quarter. Truist Financial Corp now owns 743,041 shares of the credit services provider’s stock valued at $85,932,000 after acquiring an additional 337,048 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in PayPal by 21.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 1,771,992 shares of the credit services provider’s stock valued at $205,283,000 after acquiring an additional 307,481 shares in the last quarter. Gradient Investments LLC boosted its position in PayPal by 67.8% during the 2nd quarter. Gradient Investments LLC now owns 301,636 shares of the credit services provider’s stock valued at $21,066,000 after acquiring an additional 121,831 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in PayPal by 235.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,617 shares of the credit services provider’s stock valued at $187,000 after acquiring an additional 1,135 shares in the last quarter. Finally, Csenge Advisory Group boosted its position in PayPal by 79.0% during the 1st quarter. Csenge Advisory Group now owns 3,871 shares of the credit services provider’s stock valued at $448,000 after acquiring an additional 1,708 shares in the last quarter. 70.67% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Company Profile

(Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Analyst Recommendations for PayPal (NASDAQ:PYPL)

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