Paypal (PYPL) Upgraded at BidaskClub

Paypal (NASDAQ:PYPL) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

Other equities research analysts have also issued reports about the stock. Cowen raised shares of Paypal from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $79.05 to $88.00 in a report on Tuesday. Stifel Nicolaus boosted their target price on shares of Paypal from $61.00 to $70.00 and gave the stock a “hold” rating in a report on Sunday, October 22nd. Zacks Investment Research raised 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. Mizuho reissued a “hold” rating and set 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. Ten analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $75.47.

Shares of Paypal (NASDAQ:PYPL) traded down $0.87 during trading on Wednesday, hitting $78.32. 769,269 shares of the company traded hands, compared to its average volume of 9,420,000. The company has a market cap of $94,210.00 and a price-to-earnings ratio of 61.19. Paypal has a 12 month low of $39.02 and a 12 month high of $80.39.

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 the consensus estimate of $0.43 by $0.03. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.18 billion. Paypal had a net margin of 12.69% and a return on equity of 11.33%. The firm’s revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 EPS. analysts expect that Paypal will post 1.37 EPS for the current fiscal year.

In other news, Director Rodney C. Adkins bought 6,750 shares of Paypal stock in a transaction dated Friday, December 8th. The stock was purchased at an average price of $74.04 per share, for a total transaction of $499,770.00. Following the purchase, the director now directly owns 10,149 shares in the company, valued at approximately $751,431.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 6.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. San Francisco Sentry Investment Group CA grew its position in Paypal by 352.8% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after buying an additional 1,217 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in Paypal during the third quarter valued at about $113,000. Kistler Tiffany Companies LLC grew its position in Paypal by 511.9% during the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after buying an additional 1,684 shares during the period. Thompson Davis & CO. Inc. grew its position in Paypal by 294.3% during the third quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock valued at $155,000 after buying an additional 1,807 shares during the period. Finally, Valeo Financial Advisors LLC bought a new position in Paypal during the third quarter valued at about $172,000. Hedge funds and other institutional investors own 80.73% of the company’s stock.

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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.

Analyst Recommendations for Paypal (NASDAQ:PYPL)

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