Sumitomo Mitsui Financial Group upgraded shares of PayPal (NASDAQ:PYPL – Get Rating) from an underperform rating to a neutral rating in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. They currently have $100.00 target price on the credit services provider’s stock, up from their prior target price of $90.00.
A number of other equities analysts have also recently weighed in on PYPL. Canaccord Genuity Group reduced their price target on PayPal from $215.00 to $160.00 and set a buy rating for the company in a report on Thursday, April 28th. Jefferies Financial Group cut their price target on shares of PayPal from $105.00 to $95.00 in a report on Thursday, April 28th. DA Davidson cut their target price on shares of PayPal from $131.00 to $120.00 in a research note on Monday, August 1st. Loop Capital decreased their price target on shares of PayPal from $212.00 to $138.00 in a research note on Thursday, April 28th. Finally, Wolfe Research cut PayPal from an outperform rating to a peer perform rating in a report on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $139.43.
PayPal Stock Down 1.7 %
PYPL stock opened at $95.32 on Wednesday. The firm’s fifty day moving average is $79.13 and its 200 day moving average is $98.21. The firm has a market cap of $110.38 billion, a PE ratio of 54.78, a P/E/G ratio of 2.23 and a beta of 1.49. PayPal has a one year low of $67.58 and a one year high of $296.70. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.19 and a current ratio of 1.23.
Insiders Place Their Bets
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of PYPL. Meridian Wealth Management LLC raised its holdings in shares of PayPal by 10.5% in the second quarter. Meridian Wealth Management LLC now owns 18,087 shares of the credit services provider’s stock valued at $1,263,000 after buying an additional 1,721 shares during the last quarter. Wealth Advisory Solutions LLC grew its holdings in shares of PayPal by 78.2% during the second quarter. Wealth Advisory Solutions LLC now owns 58,318 shares of the credit services provider’s stock worth $4,073,000 after buying an additional 25,595 shares during the last quarter. Tamar Securities LLC raised its stake in PayPal by 6.2% during the 2nd quarter. Tamar Securities LLC now owns 74,707 shares of the credit services provider’s stock valued at $5,218,000 after acquiring an additional 4,390 shares during the last quarter. M. Kulyk & Associates LLC grew its stake in shares of PayPal by 27.7% in the 2nd quarter. M. Kulyk & Associates LLC now owns 3,160 shares of the credit services provider’s stock valued at $221,000 after purchasing an additional 685 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its holdings in shares of PayPal by 17.6% in the second quarter. Pinebridge Investments L.P. now owns 256,149 shares of the credit services provider’s stock valued at $17,889,000 after purchasing an additional 38,318 shares during the period. 75.90% of the stock is owned by hedge funds and other institutional investors.
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.
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