Paypal (PYPL) Downgraded by Vetr

Vetr lowered shares of Paypal (NASDAQ:PYPL) from a strong-buy rating to a buy rating in a report released on Wednesday, December 6th. Vetr currently has $80.71 price target on the credit services provider’s stock.

Several other equities research analysts have also recently commented on the company. Wells Fargo & Co lifted their target price on Paypal from $65.00 to $70.00 and gave the company a market perform rating in a research note on Friday, October 20th. Craig Hallum set a $93.00 target price on Paypal and gave the company a buy rating in a research note on Monday, November 20th. Loop Capital lifted their price objective on Paypal from $57.00 to $67.00 and gave the stock a hold rating in a research note on Friday, October 20th. Sanford C. Bernstein reaffirmed an outperform rating and set a $66.00 price objective (up from $61.00) on shares of Paypal in a research note on Tuesday, September 5th. Finally, Piper Jaffray Companies reissued a neutral rating and issued a $68.00 target price (up from $57.00) on shares of Paypal in a research note on Friday, October 13th. Nine equities research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $74.04.

Shares of Paypal (PYPL) traded down $0.55 during trading hours on Wednesday, hitting $73.62. The stock had a trading volume of 4,490,056 shares, compared to its average volume of 8,313,235. The firm has a market cap of $89,145.66, a price-to-earnings ratio of 57.07, a PEG ratio of 3.04 and a beta of 1.03. Paypal has a one year low of $39.02 and a one year high of $79.39.

Paypal (NASDAQ:PYPL) last posted its earnings results on Thursday, October 19th. The credit services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.03. Paypal had a return on equity of 11.33% and a net margin of 12.69%. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.18 billion. During the same quarter last year, the company earned $0.35 EPS. Paypal’s revenue was up 21.4% on a year-over-year basis. sell-side analysts anticipate that Paypal will post 1.37 EPS for the current fiscal year.

In other news, Director Rodney C. Adkins purchased 6,750 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was bought at an average cost of $74.04 per share, for a total transaction of $499,770.00. Following the purchase, the director now owns 10,149 shares of the company’s stock, valued at $751,431.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.00% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. San Francisco Sentry Investment Group CA raised its position in Paypal by 352.8% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 1,217 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Paypal during the 3rd quarter worth $113,000. Kistler Tiffany Companies LLC raised its position in Paypal by 511.9% during the 3rd quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock worth $129,000 after purchasing an additional 1,684 shares during the last quarter. Harvest Fund Management Co. Ltd raised its position in Paypal by 171.4% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 1,808 shares during the last quarter. Finally, Thompson Davis & CO. Inc. raised its position in Paypal by 294.3% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 2,421 shares of the credit services provider’s stock worth $155,000 after purchasing an additional 1,807 shares during the last quarter. Institutional investors own 80.73% of the company’s stock.

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Paypal Company Profile

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.

Analyst Recommendations for Paypal (NASDAQ:PYPL)

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