Vetr cut shares of Paypal (NASDAQ:PYPL) from a buy rating to a hold rating in a report issued on Friday, November 17th. Vetr currently has $78.63 price objective on the credit services provider’s stock.
A number of other research firms also recently commented on PYPL. Canaccord Genuity reaffirmed a hold rating and issued a $66.00 price objective on shares of Paypal in a report on Thursday, November 16th. Robert W. Baird boosted their price target on shares of Paypal from $80.00 to $85.00 and gave the company an outperform rating in a report on Thursday, November 16th. Zacks Investment Research downgraded shares of Paypal from a buy rating to a hold rating in a report on Thursday, November 2nd. William Blair reissued a buy rating on shares of Paypal in a report on Friday, October 20th. Finally, Stifel Nicolaus boosted their price target on shares of Paypal from $61.00 to $70.00 and gave the company a hold rating in a report on Sunday, October 22nd. Ten research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $73.12.
Shares of Paypal (PYPL) opened at $75.30 on Friday. Paypal has a 1 year low of $38.06 and a 1 year high of $79.39. The firm has a market cap of $90,503.83, a P/E ratio of 53.79, a PEG ratio of 3.08 and a beta of 1.03.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its stake in Paypal by 0.9% during the 2nd quarter. Rhumbline Advisers now owns 1,850,531 shares of the credit services provider’s stock valued at $99,318,000 after acquiring an additional 17,139 shares in the last quarter. Fundsmith LLP grew its stake in shares of Paypal by 6.8% in the 2nd quarter. Fundsmith LLP now owns 14,051,261 shares of the credit services provider’s stock valued at $754,131,000 after buying an additional 889,976 shares in the last quarter. Shikiar Asset Management Inc. grew its stake in shares of Paypal by 2,671.9% in the 2nd quarter. Shikiar Asset Management Inc. now owns 141,365 shares of the credit services provider’s stock valued at $7,587,000 after buying an additional 136,265 shares in the last quarter. Smith Asset Management Group LP bought a new stake in shares of Paypal in the 2nd quarter valued at approximately $50,648,000. Finally, Mn Services Vermogensbeheer B.V. grew its stake in shares of Paypal by 0.7% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 188,272 shares of the credit services provider’s stock valued at $12,055,000 after buying an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 81.25% of the company’s stock.
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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.
To view Vetr’s full report, visit Vetr’s official website.
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