StockNews.com Upgrades PayPal (NASDAQ:PYPL) to “Buy”

StockNews.com upgraded shares of PayPal (NASDAQ:PYPLFree Report) from a hold rating to a buy rating in a report released on Tuesday morning.

PYPL has been the topic of several other reports. BTIG Research restated a neutral rating on shares of PayPal in a research note on Friday, January 5th. Piper Sandler reduced their price objective on shares of PayPal from $67.00 to $66.00 and set a neutral rating for the company in a research report on Thursday, November 2nd. JPMorgan Chase & Co. cut their target price on PayPal from $100.00 to $80.00 and set an overweight rating on the stock in a report on Thursday, November 2nd. William Blair reiterated an outperform rating on shares of PayPal in a report on Thursday, November 2nd. Finally, Canaccord Genuity Group cut their target price on PayPal from $110.00 to $100.00 and set a buy rating on the stock in a report on Thursday, November 2nd. Nineteen analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $73.80.

View Our Latest Analysis on PayPal

PayPal Trading Up 3.5 %

PYPL stock opened at $63.71 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.30 and a current ratio of 1.30. The company’s 50-day simple moving average is $61.21 and its 200 day simple moving average is $60.32. PayPal has a 52 week low of $50.25 and a 52 week high of $83.67. The company has a market capitalization of $70.08 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 0.88 and a beta of 1.47.

Insider Buying and Selling

In other PayPal news, EVP Peggy Alford sold 15,000 shares of PayPal stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $56.76, for a total transaction of $851,400.00. Following the completion of the transaction, the executive vice president now owns 40,601 shares of the company’s stock, valued at approximately $2,304,512.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Jonathan Auerbach sold 64,957 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $55.58, for a total transaction of $3,610,310.06. Following the completion of the transaction, the insider now owns 79,051 shares of the company’s stock, valued at $4,393,654.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peggy Alford sold 15,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $56.76, for a total value of $851,400.00. Following the transaction, the executive vice president now directly owns 40,601 shares of the company’s stock, valued at approximately $2,304,512.76. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Institutional Trading of PayPal

A number of hedge funds have recently bought and sold shares of the company. Impax Asset Management Group plc increased its stake in shares of PayPal by 3.6% during the second quarter. Impax Asset Management Group plc now owns 33,128 shares of the credit services provider’s stock valued at $2,211,000 after buying an additional 1,136 shares during the period. Guggenheim Capital LLC increased its position in PayPal by 7.9% in the second quarter. Guggenheim Capital LLC now owns 281,753 shares of the credit services provider’s stock worth $18,801,000 after buying an additional 20,593 shares in the last quarter. Litman Gregory Wealth Management LLC purchased a new stake in shares of PayPal during the third quarter worth about $8,639,000. Investment House LLC grew its holdings in PayPal by 10.8% during the 2nd quarter. Investment House LLC now owns 179,122 shares of the credit services provider’s stock valued at $11,953,000 after buying an additional 17,393 shares in the last quarter. Finally, Costello Asset Management INC grew its holdings in PayPal by 27,070.0% during the 3rd quarter. Costello Asset Management INC now owns 27,170 shares of the credit services provider’s stock valued at $1,588,000 after buying an additional 27,070 shares in the last quarter. Institutional investors own 68.42% of the company’s stock.

About PayPal

(Get Free Report)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

Further Reading

Analyst Recommendations for PayPal (NASDAQ:PYPL)

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