PayPal (NASDAQ:PYPL) Downgraded to “Neutral” at Susquehanna

Susquehanna downgraded shares of PayPal (NASDAQ:PYPLGet Rating) from a positive rating to a neutral rating in a research note issued to investors on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has $100.00 target price on the credit services provider’s stock, down from their prior target price of $115.00.

PYPL has been the subject of several other reports. Morgan Stanley raised their price objective on shares of PayPal from $129.00 to $134.00 and gave the stock an overweight rating in a report on Wednesday, August 3rd. Mizuho cut their price objective on shares of PayPal from $120.00 to $118.00 and set a buy rating for the company in a report on Monday, August 8th. Citigroup raised their price objective on shares of PayPal to $122.00 in a report on Tuesday, August 9th. Keefe, Bruyette & Woods lowered their target price on shares of PayPal from $108.00 to $98.00 in a research note on Monday, July 11th. Finally, Evercore ISI increased their target price on shares of PayPal from $124.00 to $136.00 and gave the stock an outperform rating in a research note on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $134.23.

PayPal Stock Down 3.6 %

PayPal stock opened at $91.63 on Tuesday. PayPal has a twelve month low of $67.58 and a twelve month high of $279.95. The firm has a 50 day moving average price of $90.70 and a 200-day moving average price of $90.64. The company has a market capitalization of $105.97 billion, a P/E ratio of 52.66, a P/E/G ratio of 2.01 and a beta of 1.45. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.52.

PayPal (NASDAQ:PYPLGet Rating) last released its earnings results on Tuesday, August 2nd. The credit services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.11. PayPal had a net margin of 7.79% and a return on equity of 16.79%. The firm had revenue of $6.81 billion during the quarter, compared to the consensus estimate of $6.76 billion. As a group, equities analysts predict that PayPal will post 2.89 EPS for the current year.

Insider Activity

In other news, EVP Peggy Alford sold 21,791 shares of PayPal stock in a transaction dated Thursday, August 4th. The shares were 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 owns 18,100 shares of the company’s stock, valued at approximately $1,770,542. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PYPL. Lee Financial Co lifted its position in PayPal by 60.4% during the 2nd quarter. Lee Financial Co now owns 361 shares of the credit services provider’s stock valued at $25,000 after acquiring an additional 136 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new position in PayPal during the 1st quarter valued at about $28,000. New Millennium Group LLC purchased a new position in PayPal in the second quarter worth about $30,000. Financial Management Professionals Inc. raised its holdings in PayPal by 272.5% in the second quarter. Financial Management Professionals Inc. now owns 447 shares of the credit services provider’s stock worth $31,000 after buying an additional 327 shares during the last quarter. Finally, Addison Advisors LLC raised its holdings in PayPal by 100.7% in the first quarter. Addison Advisors LLC now owns 279 shares of the credit services provider’s stock worth $32,000 after buying an additional 140 shares during the last quarter. 70.67% of the stock is owned by hedge funds and other institutional investors.

About PayPal

(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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