Paypal (PYPL) Rating Increased to Strong-Buy at Vetr

Paypal (NASDAQ:PYPL) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Tuesday, December 5th. The brokerage presently has a $80.21 price target on the credit services provider’s stock. Vetr‘s price target suggests a potential upside of 8.55% from the stock’s current price.

Other analysts also recently issued reports about the stock. Stifel Nicolaus lifted their price target on shares of Paypal from $61.00 to $70.00 and gave the company a “hold” rating in a report on Sunday, October 22nd. Zacks Investment Research upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Thursday, October 26th. BTIG Research restated a “buy” rating and issued a $70.00 target price (up from $63.00) on shares of Paypal in a report on Wednesday, September 6th. Mizuho restated a “hold” rating and issued a $50.00 target price on shares of Paypal in a report on Sunday, October 15th. Finally, Stephens boosted their target price on shares of Paypal from $65.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, October 17th. Nine equities research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $74.04.

Shares of Paypal (NASDAQ PYPL) traded down $0.13 during midday trading on Tuesday, reaching $73.89. 3,894,900 shares of the company’s stock were exchanged, compared to its average volume of 7,866,373. The company has a market cap of $88,810.00 and a P/E ratio of 57.73. Paypal has a one year low of $39.02 and a one year high of $79.39.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.18 billion. Paypal had a net margin of 12.69% and a return on equity of 11.33%. Paypal’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. analysts forecast that Paypal will post 1.37 EPS for the current year.

In related news, Director Rodney C. Adkins acquired 6,750 shares of the stock in a transaction on Friday, December 8th. The stock was bought at an average cost of $74.04 per share, with a total value of $499,770.00. Following the transaction, the director now directly owns 10,149 shares in the company, valued at $751,431.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.00% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Atlantic Trust Group LLC raised its stake in shares of Paypal by 48.5% during the 3rd quarter. Atlantic Trust Group LLC now owns 197,147 shares of the credit services provider’s stock worth $12,624,000 after acquiring an additional 64,416 shares in the last quarter. AustralianSuper Pty Ltd bought a new position in shares of Paypal during the 3rd quarter worth approximately $24,203,000. Parametric Portfolio Associates LLC raised its stake in shares of Paypal by 9.1% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 3,291,350 shares of the credit services provider’s stock worth $210,745,000 after acquiring an additional 274,217 shares in the last quarter. AXA raised its stake in shares of Paypal by 68.4% during the 3rd quarter. AXA now owns 382,248 shares of the credit services provider’s stock worth $24,475,000 after acquiring an additional 155,268 shares in the last quarter. Finally, Shelton Capital Management raised its stake in shares of Paypal by 1.2% during the 3rd quarter. Shelton Capital Management now owns 103,253 shares of the credit services provider’s stock worth $6,611,000 after acquiring an additional 1,205 shares in the last quarter. 80.70% of the stock is owned by institutional investors.

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About Paypal

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Paypal (NASDAQ:PYPL)

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