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

StockNews.com upgraded shares of PayPal (NASDAQ:PYPL) from a hold rating to a buy rating in a research note published on Friday.

PYPL has been the topic of a number of other reports. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Robert W. Baird increased their target price on PayPal from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Stephens increased their target price on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday. Daiwa Capital Markets upgraded PayPal from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $68.00 to $72.00 in a report on Friday, August 9th. Finally, Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.03.

PayPal Stock Performance

PYPL opened at $80.56 on Friday. The stock has a market cap of $84.27 billion, a PE ratio of 20.29, a P/E/G ratio of 1.47 and a beta of 1.44. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal has a 1 year low of $50.25 and a 1 year high of $82.00. The stock’s 50 day simple moving average is $74.50 and its 200-day simple moving average is $66.74.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the business posted $0.83 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year. Sell-side analysts forecast that PayPal will post 4.42 EPS for the current year.

Institutional Investors Weigh In On PayPal

Large investors have recently modified their holdings of the business. Pittenger & Anderson Inc. increased its holdings in shares of PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares in the last quarter. American National Bank bought a new stake in shares of PayPal in the first quarter worth about $27,000. Family Firm Inc. bought a new stake in shares of PayPal in the second quarter worth about $29,000. SYSTM Wealth Solutions LLC increased its holdings in shares of PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares in the last quarter. Finally, Register Financial Advisors LLC bought a new stake in shares of PayPal in the first quarter worth about $30,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Company Profile

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.