PayPal (NASDAQ:PYPL) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of PayPal (NASDAQ:PYPL - Free Report) from a buy rating to a hold rating in a research note released on Monday.

Other research analysts have also recently issued research reports about the company. Piper Sandler dropped their price target on PayPal from $85.00 to $76.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Robert W. Baird reduced their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Keefe, Bruyette & Woods cut their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, March 31st. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating on shares of PayPal in a research note on Wednesday, February 5th. Sixteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $86.84.

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PayPal Stock Performance

Shares of PYPL stock traded down $1.55 during trading hours on Monday, reaching $60.45. 5,099,174 shares of the company's stock were exchanged, compared to its average volume of 11,444,970. The company's 50 day moving average is $69.21 and its two-hundred day moving average is $79.53. PayPal has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a market cap of $59.80 billion, a P/E ratio of 15.07, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. During the same quarter last year, the business earned $1.48 earnings per share. The business's revenue for the quarter was up 4.2% compared to the same quarter last year. Equities research analysts anticipate that PayPal will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PayPal

Several hedge funds have recently made changes to their positions in PYPL. Relyea Zuckerberg Hanson LLC increased its stake in PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock valued at $638,000 after buying an additional 3,976 shares during the period. Nikko Asset Management Americas Inc. raised its stake in shares of PayPal by 2.7% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock worth $59,489,000 after purchasing an additional 18,172 shares in the last quarter. ExodusPoint Capital Management LP raised its stake in shares of PayPal by 223.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock worth $22,622,000 after purchasing an additional 183,011 shares in the last quarter. StoneX Group Inc. lifted its holdings in shares of PayPal by 70.4% during the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock valued at $2,326,000 after buying an additional 11,260 shares during the last quarter. Finally, Fortem Financial Group LLC increased its holdings in PayPal by 28.0% in the fourth quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider's stock worth $2,842,000 after buying an additional 7,291 shares during the last quarter. Hedge funds and other institutional investors 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.