PayPal (NASDAQ:PYPL) Downgraded by William Blair

William Blair lowered shares of PayPal (NASDAQ:PYPL) from an outperform rating to a market perform rating in a report released on Thursday morning, MarketBeat reports.

A number of other analysts have also recently weighed in on the company. The Goldman Sachs Group restated a neutral rating and issued a $69.00 price target on shares of PayPal in a research note on Monday, June 24th. JMP Securities raised their price objective on shares of PayPal from $70.00 to $82.00 and gave the stock a market outperform rating in a report on Wednesday, May 1st. StockNews.com upgraded shares of PayPal from a hold rating to a buy rating in a report on Tuesday, June 18th. BMO Capital Markets lifted their price target on shares of PayPal from $64.00 to $65.00 and gave the stock a market perform rating in a research note on Wednesday, May 1st. Finally, Monness Crespi & Hardt upped their price objective on shares of PayPal from $80.00 to $88.00 and gave the company a buy rating in a research note on Monday, April 29th. Twenty-one equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $73.82.

PayPal Trading Down 1.1 %

Shares of PayPal stock opened at $59.33 on Thursday. The firm has a 50-day simple moving average of $61.52 and a two-hundred day simple moving average of $62.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. PayPal has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The company has a market cap of $62.06 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 0.97 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 EPS. As a group, equities analysts predict that PayPal will post 4.15 earnings per share for the current fiscal year.

Insider Buying and Selling at PayPal

In related news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the sale, the director now owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PYPL. Pittenger & Anderson Inc. grew its position in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of PayPal in the fourth quarter valued at about $25,000. American National Bank acquired a new stake in PayPal during the first quarter worth about $27,000. Register Financial Advisors LLC bought a new position in PayPal during the first quarter valued at about $30,000. Finally, CarsonAllaria Wealth Management Ltd. raised its holdings in PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Company Profile

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.