Paypal (NASDAQ:PYPL) Given “Hold” Rating at BTIG Research

BTIG Research reiterated their hold rating on shares of Paypal (NASDAQ:PYPL) in a research note issued to investors on Wednesday, TipRanks reports.

A number of other research analysts also recently commented on the stock. Wedbush lifted their price objective on shares of Paypal from $176.00 to $200.00 and gave the company an outperform rating in a research report on Thursday, July 2nd. Robert W. Baird lifted their price objective on shares of Paypal from $153.00 to $175.00 in a research report on Tuesday, June 16th. DZ Bank downgraded shares of Paypal from a buy rating to a hold rating and set a $121.00 price objective for the company. in a research report on Tuesday, April 28th. Canaccord Genuity raised their target price on shares of Paypal from $160.00 to $190.00 and gave the stock a buy rating in a research note on Tuesday, June 30th. Finally, Stephens raised their target price on shares of Paypal from $132.00 to $159.00 and gave the stock an overweight rating in a research note on Monday, May 18th. Seven investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $190.13.

Paypal stock opened at $196.07 on Wednesday. The company has a market cap of $226.00 billion, a P/E ratio of 89.94, a price-to-earnings-growth ratio of 5.42 and a beta of 1.19. Paypal has a 1-year low of $82.07 and a 1-year high of $198.66. The company has a fifty day simple moving average of $172.13 and a 200 day simple moving average of $133.02. The company has a current ratio of 1.38, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.47. The business had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $4.99 billion. Paypal had a net margin of 13.44% and a return on equity of 16.17%. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. On average, equities research analysts forecast that Paypal will post 2.38 EPS for the current year.

In related news, CEO Daniel H. Schulman sold 25,000 shares of Paypal stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $144.15, for a total transaction of $3,603,750.00. Following the sale, the chief executive officer now directly owns 569,603 shares of the company’s stock, valued at approximately $82,108,272.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 75,000 shares of company stock worth $10,562,250 over the last ninety days. 0.12% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in PYPL. BlackRock Inc. grew its holdings in Paypal by 1.5% during the 1st quarter. BlackRock Inc. now owns 75,224,392 shares of the credit services provider’s stock worth $7,201,983,000 after acquiring an additional 1,133,000 shares during the last quarter. Edgewood Management LLC grew its holdings in Paypal by 1.7% during the 1st quarter. Edgewood Management LLC now owns 17,320,035 shares of the credit services provider’s stock worth $1,658,220,000 after acquiring an additional 288,487 shares during the last quarter. Geode Capital Management LLC grew its holdings in Paypal by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 16,752,120 shares of the credit services provider’s stock worth $1,600,592,000 after acquiring an additional 180,069 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Paypal by 7.7% in the 1st quarter. Nuveen Asset Management LLC now owns 15,395,692 shares of the credit services provider’s stock valued at $1,473,983,000 after purchasing an additional 1,099,844 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Paypal by 154.8% in the 1st quarter. Capital Research Global Investors now owns 14,602,398 shares of the credit services provider’s stock valued at $1,398,034,000 after purchasing an additional 8,872,484 shares during the last quarter. 82.75% of the stock is currently owned by institutional investors.

About Paypal

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.

Featured Article: What does a market perform rating mean?

Analyst Recommendations for Paypal (NASDAQ:PYPL)

Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.