PayPal (NASDAQ:PYPL) Upgraded at DZ Bank

PayPal (NASDAQ:PYPL) was upgraded by equities research analysts at DZ Bank from a “hold” rating to a “buy” rating in a research note issued on Friday, MarketBeat reports. The firm currently has a $92.00 price objective on the credit services provider’s stock. DZ Bank’s price objective suggests a potential upside of 29.45% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on PYPL. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and raised their price target for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday. Piper Sandler decreased their price objective on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research note on Friday, December 13th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, PayPal currently has an average rating of “Moderate Buy” and an average target price of $90.03.

PayPal Stock Up 0.5 %

Shares of NASDAQ PYPL opened at $71.07 on Friday. The firm’s fifty day moving average is $83.61 and its 200 day moving average is $81.05. PayPal has a 52 week low of $56.97 and a 52 week high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market cap of $70.30 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.27 and a beta of 1.44.

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

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

Large investors have recently made changes to their positions in the stock. Mpwm Advisory Solutions LLC purchased a new stake in PayPal in the fourth quarter worth approximately $25,000. Hurley Capital LLC purchased a new position in shares of PayPal in the 4th quarter worth $27,000. Rosenberg Matthew Hamilton grew its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal during the third quarter valued at $26,000. Finally, Sugarloaf Wealth Management LLC lifted its holdings in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares during the period. 68.32% of the stock is currently owned by institutional investors.

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.