Argus Lowers PayPal (NASDAQ:PYPL) to Hold

Argus cut shares of PayPal (NASDAQ:PYPLFree Report) from a buy rating to a hold rating in a research note released on Friday morning, Marketbeat reports.

A number of other research analysts have also recently issued reports on PYPL. Bank of America cut shares of PayPal from a buy rating to a neutral rating and reduced their price objective for the company from $77.00 to $66.00 in a report on Wednesday, December 6th. Mizuho dropped their price target on shares of PayPal from $65.00 to $60.00 and set a neutral rating on the stock in a research report on Thursday. Piper Sandler dropped their price target on shares of PayPal from $67.00 to $66.00 and set a neutral rating on the stock in a research report on Thursday, November 2nd. Royal Bank of Canada raised their price target on shares of PayPal from $70.00 to $74.00 and gave the company an outperform rating in a research report on Thursday. Finally, Citigroup dropped their price target on shares of PayPal from $76.00 to $73.00 and set a buy rating on the stock in a research report on Thursday. Twenty-two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, PayPal presently has a consensus rating of Hold and a consensus price target of $70.90.

Check Out Our Latest Stock Analysis on PayPal

PayPal Stock Up 5.0 %

Shares of NASDAQ PYPL opened at $58.91 on Friday. The stock has a market capitalization of $64.80 billion, a P/E ratio of 15.34, a P/E/G ratio of 0.80 and a beta of 1.47. The company has a 50-day moving average price of $61.27 and a 200-day moving average price of $60.21. PayPal has a 1 year low of $50.25 and a 1 year high of $82.85. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.30.

PayPal (NASDAQ:PYPLGet Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The firm had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the company earned $1.01 earnings per share. On average, equities research analysts forecast that PayPal will post 4.34 EPS for the current fiscal year.

Insider Activity at PayPal

In related news, EVP Peggy Alford sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were 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 $2,304,512.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Jonathan Auerbach sold 64,957 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $55.58, for a total value of $3,610,310.06. Following the transaction, the insider now owns 79,051 shares of the company’s stock, valued at approximately $4,393,654.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Peggy Alford sold 15,000 shares of the stock in a transaction on 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 directly owns 40,601 shares in the company, valued at approximately $2,304,512.76. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PayPal

Institutional investors have recently made changes to their positions in the stock. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of PayPal in the 4th quarter worth $25,000. Sutton Wealth Advisors Inc. increased its holdings in shares of PayPal by 115.0% in the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after buying an additional 237 shares during the last quarter. PCA Investment Advisory Services Inc. bought a new position in shares of PayPal in the 2nd quarter worth $27,000. Private Wealth Management Group LLC bought a new position in shares of PayPal in the 4th quarter worth $29,000. Finally, Resurgent Financial Advisors LLC purchased a new stake in shares of PayPal in the 4th quarter valued at $29,000. Institutional investors own 68.42% of the company’s stock.

PayPal Company Profile

(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.

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