PayPal (NASDAQ:PYPL) Cut to Hold at StockNews.com

StockNews.com downgraded shares of PayPal (NASDAQ:PYPL) from a buy rating to a hold rating in a report published on Monday.

PYPL has been the subject of several other reports. Macquarie lifted their price target on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Barclays upped their price target on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Wells Fargo & Company reissued an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Finally, BTIG Research restated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Sixteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.00.

PayPal Stock Down 0.5 %

NASDAQ PYPL opened at $62.27 on Monday. The company has a market cap of $61.60 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.27 and a beta of 1.60. PayPal has a 1-year low of $55.85 and a 1-year high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $69.54 and a 200-day moving average of $79.65.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.48 earnings per share. On average, equities research analysts expect that PayPal will post 5.03 earnings per share for the current fiscal year.

Insider Activity 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 stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal in the fourth quarter valued at approximately $25,000. Hurley Capital LLC purchased a new stake in PayPal in the 4th quarter worth approximately $27,000. Rosenberg Matthew Hamilton boosted its holdings in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the period. Sugarloaf Wealth Management LLC grew its position in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Finally, Bernard Wealth Management Corp. bought a new position in shares of PayPal in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

About PayPal

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.