PayPal (NASDAQ:PYPL) Stock Rating Upgraded by DZ Bank

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

Other research analysts also recently issued research reports about the company. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Robert W. Baird decreased their price objective on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Citigroup reaffirmed an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research report on Friday, December 13th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.03.

PayPal Stock Performance

Shares of PYPL stock opened at $71.07 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a 50-day moving average of $83.61 and a 200-day moving average of $81.05. PayPal has a one year low of $56.97 and a one year high of $93.66. The company has a market cap of $70.30 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.27 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter last year, the business posted $1.48 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts forecast that PayPal will post 5.03 EPS for the current fiscal year.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On PayPal

Hedge funds have recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in PayPal in the 4th quarter worth approximately $25,000. Gordian Capital Singapore Pte Ltd bought a new position in PayPal during the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton raised its stake in shares of PayPal by 67.6% during 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 in the last quarter. Hurley Capital LLC bought a new stake in shares of PayPal in the 4th quarter worth approximately $27,000. Finally, Sugarloaf Wealth Management LLC boosted its stake in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

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.