Susquehanna Upgrades PayPal (NASDAQ:PYPL) to "Positive"

Susquehanna upgraded shares of PayPal (NASDAQ:PYPL - Free Report) from a neutral rating to a positive rating in a research note released on Tuesday, Marketbeat reports. Susquehanna currently has $71.00 price target on the credit services provider's stock.

Several other analysts have also issued reports on the stock. Royal Bank of Canada reiterated an outperform rating and issued a $84.00 target price on shares of PayPal in a research report on Friday. UBS Group increased their target price on PayPal from $63.00 to $71.00 and gave the company a neutral rating in a report on Wednesday, May 1st. Needham & Company LLC reaffirmed a hold rating on shares of PayPal in a research note on Tuesday, April 30th. Sanford C. Bernstein increased their price objective on PayPal from $66.00 to $68.00 and gave the company a market perform rating in a research note on Thursday, April 18th. Finally, Robert W. Baird lifted their target price on shares of PayPal from $70.00 to $77.00 and gave the stock an outperform rating in a research note on Wednesday, May 1st. Twenty research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $73.82.

PayPal Price Performance

Shares of PYPL stock traded up $1.16 during mid-day trading on Tuesday, hitting $58.97. 13,225,410 shares of the stock were exchanged, compared to its average volume of 14,999,569. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. PayPal has a 52-week low of $50.25 and a 52-week high of $76.54. The firm has a fifty day moving average of $63.07 and a 200 day moving average of $62.40. The company has a market cap of $61.69 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 0.95 and a beta of 1.42.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). The business 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.86 earnings per share. Research analysts anticipate that PayPal will post 4.14 earnings per share for the current year.

Insider Transactions at PayPal

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

Institutional Investors Weigh In On PayPal

A number of hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of PayPal by 25.2% in the 2nd quarter. GAMMA Investing LLC now owns 7,036 shares of the credit services provider's stock valued at $408,000 after purchasing an additional 1,416 shares during the last quarter. Red Spruce Capital LLC lifted its holdings in PayPal by 9.1% during the 2nd quarter. Red Spruce Capital LLC now owns 92,197 shares of the credit services provider's stock worth $5,350,000 after buying an additional 7,663 shares during the last quarter. Lazari Capital Management Inc. boosted its position in shares of PayPal by 13.0% during the 1st quarter. Lazari Capital Management Inc. now owns 27,979 shares of the credit services provider's stock worth $1,874,000 after acquiring an additional 3,227 shares in the last quarter. SRN Advisors LLC increased its holdings in shares of PayPal by 10.7% in the 1st quarter. SRN Advisors LLC now owns 23,331 shares of the credit services provider's stock valued at $1,563,000 after acquiring an additional 2,264 shares during the last quarter. Finally, Keynote Financial Services LLC acquired a new stake in shares of PayPal during the 1st quarter worth about $539,000. Institutional investors and hedge funds own 68.32% of the company's stock.

About PayPal

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.