Paypal (PYPL) Downgraded by Vetr to Buy

Vetr lowered shares of Paypal (NASDAQ:PYPL) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday morning. They currently have $80.71 price objective on the credit services provider’s stock.

PYPL has been the subject of a number of other research reports. Wells Fargo & Company lifted their price target on shares of Paypal from $65.00 to $70.00 and gave the stock a market perform rating in a research note on Friday, October 20th. Craig Hallum set a $93.00 price target on shares of Paypal and gave the stock a buy rating in a research note on Monday, November 20th. Loop Capital lifted their price target on shares of 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 restated an outperform rating and issued a $66.00 price target (up previously from $61.00) on shares of Paypal in a research note on Tuesday, September 5th. Finally, Piper Jaffray Companies restated a neutral rating and issued a $68.00 price target (up previously from $57.00) on shares of Paypal in a research note on Friday, October 13th. Ten analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $73.25.

Paypal (PYPL) traded up $1.94 during midday trading on Wednesday, hitting $73.14. 9,331,400 shares of the stock were exchanged, compared to its average volume of 7,895,984. Paypal has a twelve month low of $38.80 and a twelve month high of $79.39. The firm has a market capitalization of $85,575.99, a PE ratio of 50.86, a P/E/G ratio of 2.92 and a beta of 1.03.

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

Several institutional investors and hedge funds have recently made changes to their positions in PYPL. San Francisco Sentry Investment Group CA lifted its holdings in Paypal by 352.8% in the third 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 period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Paypal in the third quarter worth about $113,000. Kistler Tiffany Companies LLC lifted its holdings in Paypal by 511.9% in the third 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 period. Harvest Fund Management Co. Ltd lifted its holdings in Paypal by 171.4% in the second 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 period. Finally, Thompson Davis & CO. Inc. lifted its holdings in Paypal by 294.3% in the third 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 period. 80.81% of the stock is owned by institutional investors.

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About Paypal

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.

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