Wedbush reiterated their outperform rating on shares of PayPal (NASDAQ:PYPL) in a research report released on Monday.

PYPL has been the subject of several other reports. Zacks Investment Research cut shares of PayPal from a hold rating to a sell rating in a research report on Friday, April 20th. Credit Suisse Group decreased their price target on shares of PayPal from $88.00 to $85.00 and set an outperform rating for the company in a research report on Thursday, April 26th. Sanford C. Bernstein started coverage on shares of PayPal in a research report on Tuesday, March 27th. They issued a market perform rating and a $82.00 price target for the company. Citigroup restated a buy rating and issued a $90.00 price target on shares of PayPal in a research report on Thursday, February 1st. Finally, Morgan Stanley upped their price target on shares of PayPal from $84.00 to $88.00 and gave the company an overweight rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $82.89.

Shares of PayPal opened at $82.07 on Monday, Marketbeat Ratings reports. The company has a market capitalization of $95.86 billion, a P/E ratio of 59.04, a P/E/G ratio of 2.67 and a beta of 1.28. PayPal has a one year low of $50.83 and a one year high of $86.32.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, April 25th. The credit services provider reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. PayPal had a net margin of 13.92% and a return on equity of 12.35%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The firm’s revenue was up 23.9% compared to the same quarter last year. equities analysts expect that PayPal will post 1.71 earnings per share for the current year.

In other PayPal news, COO William J. Ready sold 72,000 shares of the firm’s stock in a transaction on Friday, April 27th. The shares were sold at an average price of $75.32, for a total value of $5,423,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Adele Louise Pentland sold 16,778 shares of the firm’s stock in a transaction on Wednesday, May 16th. The stock was sold at an average price of $77.76, for a total transaction of $1,304,657.28. The disclosure for this sale can be found here. Insiders sold 166,482 shares of company stock valued at $12,552,171 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI lifted its stake in shares of PayPal by 230.4% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after buying an additional 1,000 shares in the last quarter. Truewealth LLC bought a new position in shares of PayPal in the fourth quarter valued at $106,000. Jacobi Capital Management LLC lifted its stake in shares of PayPal by 122.4% in the first quarter. Jacobi Capital Management LLC now owns 1,461 shares of the credit services provider’s stock valued at $110,000 after buying an additional 804 shares in the last quarter. Front Row Advisors LLC bought a new position in shares of PayPal in the fourth quarter valued at $111,000. Finally, Risk Paradigm Group LLC lifted its stake in shares of PayPal by 282.5% in the fourth quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock valued at $113,000 after buying an additional 1,130 shares in the last quarter. 78.26% of the stock is currently owned by hedge funds and other institutional investors.

About PayPal

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Analyst Recommendations for PayPal (NASDAQ:PYPL)

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