Paypal (NASDAQ:PYPL) Given “Outperform” Rating at Wedbush

Wedbush reiterated their outperform rating on shares of Paypal (NASDAQ:PYPL) in a report issued on Thursday morning, 24/7 WallStreet reports.

PYPL has been the subject of several other reports. BTIG Research set a $130.00 target price on Paypal and gave the company a buy rating in a research note on Wednesday, July 24th. Barclays lifted their target price on Paypal from $117.00 to $125.00 and gave the company an overweight rating in a research note on Wednesday, April 17th. Robert W. Baird lifted their target price on Paypal from $118.00 to $120.00 and gave the company an outperform rating in a research note on Thursday, July 25th. Royal Bank of Canada lifted their target price on Paypal to $120.00 and gave the company an outperform rating in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. lifted their target price on Paypal from $105.00 to $125.00 and gave the company an overweight rating in a research note on Friday, June 14th. Eight investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Paypal has an average rating of Buy and an average price target of $120.81.

PYPL stock opened at $106.16 on Thursday. The business has a fifty day moving average price of $113.60 and a 200 day moving average price of $107.31. Paypal has a fifty-two week low of $74.66 and a fifty-two week high of $121.48. The stock has a market capitalization of $123.49 billion, a price-to-earnings ratio of 59.31, a P/E/G ratio of 2.42 and a beta of 0.97.



Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, July 24th. The credit services provider reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.12. Paypal had a return on equity of 17.14% and a net margin of 15.36%. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same period last year, the firm posted $0.58 EPS. The business’s revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts forecast that Paypal will post 2.41 earnings per share for the current year.

In other news, EVP Aaron Karczmer sold 3,110 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $115.71, for a total value of $359,858.10. Following the transaction, the executive vice president now directly owns 15,041 shares in the company, valued at approximately $1,740,394.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $107.09, for a total value of $3,212,700.00. Following the completion of the transaction, the chief executive officer now owns 487,074 shares in the company, valued at $52,160,754.66. The disclosure for this sale can be found here. Insiders sold a total of 93,110 shares of company stock worth $10,264,058 over the last 90 days. 0.15% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of Paypal by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,149,415 shares of the credit services provider’s stock worth $180,744,000 after buying an additional 6,044 shares during the period. McCollum Christoferson Group LLC purchased a new stake in shares of Paypal during the first quarter worth approximately $4,828,000. Sitrin Capital Management LLC increased its stake in shares of Paypal by 0.9% during the first quarter. Sitrin Capital Management LLC now owns 79,694 shares of the credit services provider’s stock worth $8,275,000 after buying an additional 694 shares during the period. Garnet Equity Capital Holdings Inc. purchased a new stake in shares of Paypal during the first quarter worth approximately $4,154,000. Finally, Calamos Wealth Management LLC increased its stake in shares of Paypal by 87.0% during the first quarter. Calamos Wealth Management LLC now owns 10,325 shares of the credit services provider’s stock worth $1,072,000 after buying an additional 4,804 shares during the period. Institutional investors and hedge funds own 80.71% of the company’s stock.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Analyst Recommendations for Paypal (NASDAQ:PYPL)

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