BTIG Research restated their hold rating on shares of Paypal (NASDAQ:PYPL) in a research report sent to investors on Wednesday morning, TipRanks reports.

Several other research firms have also recently weighed in on PYPL. Piper Sandler assumed coverage on shares of Paypal in a report on Monday, July 6th. They set an overweight rating and a $210.00 price objective for the company. Wedbush boosted their price objective on shares of Paypal from $176.00 to $200.00 and gave the company an outperform rating in a report on Thursday, July 2nd. Royal Bank of Canada upped their target price on shares of Paypal from $142.00 to $159.00 and gave the company a buy rating in a report on Thursday, May 28th. BofA Securities upped their target price on shares of Paypal from $194.00 to $215.00 and gave the company a buy rating in a report on Monday, July 13th. Finally, Moffett Nathanson reaffirmed a buy rating and set a $170.00 target price on shares of Paypal in a report on Thursday, May 28th. Seven investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $190.13.

PYPL opened at $196.07 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.38 and a debt-to-equity ratio of 0.51. The firm has a 50 day moving average price of $172.13 and a 200-day moving average price of $133.02. Paypal has a twelve month low of $82.07 and a twelve month high of $198.66. The stock has a market capitalization of $230.18 billion, a price-to-earnings ratio of 89.94, a PEG ratio of 5.42 and a beta of 1.19.

Paypal (NASDAQ:PYPL) last released its quarterly earnings data on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.46. Paypal had a net margin of 13.44% and a return on equity of 16.17%. The firm had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. As a group, analysts expect that Paypal will post 2.38 earnings per share for the current year.

In related news, CEO Daniel H. Schulman sold 25,000 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $122.67, for a total transaction of $3,066,750.00. Following the completion of the transaction, the chief executive officer now owns 594,803 shares in the company, valued at $72,964,484.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 75,000 shares of company stock valued at $10,562,250. 0.12% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Engrave Wealth Partners LLC raised its stake in Paypal by 54.3% during the first quarter. Engrave Wealth Partners LLC now owns 284 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Howe & Rusling Inc. raised its stake in Paypal by 446.4% during the second quarter. Howe & Rusling Inc. now owns 153 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 125 shares in the last quarter. Key Financial Inc purchased a new stake in Paypal during the first quarter valued at $28,000. Stonebridge Financial Planning Group LLC raised its stake in Paypal by 1,000.0% during the first quarter. Stonebridge Financial Planning Group LLC now owns 275 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 250 shares in the last quarter. Finally, Ayalon Holdings Ltd. purchased a new stake in Paypal during the first quarter valued at $29,000. 82.75% of the stock is currently owned by institutional investors.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Analyst Recommendations for Paypal (NASDAQ:PYPL)

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