Vetr downgraded shares of Paypal (NASDAQ:PYPL) from a buy rating to a hold rating in a research report sent to investors on Monday. Vetr currently has $81.27 price objective on the credit services provider’s stock.
Several other equities research analysts have also recently weighed in on PYPL. Barclays increased their target price on shares of Paypal from $66.00 to $69.00 and gave the company an overweight rating in a research note on Friday, September 15th. KeyCorp reissued a buy rating and issued a $70.00 price target (up previously from $66.00) on shares of Paypal in a research report on Monday, September 18th. Zacks Investment Research lowered shares of Paypal from a hold rating to a sell rating in a research report on Tuesday, September 26th. Sanford C. Bernstein reissued an outperform rating and issued a $66.00 price target on shares of Paypal in a research report on Wednesday, September 27th. Finally, Susquehanna Bancshares reissued a positive rating and issued a $75.00 price target (up previously from $67.00) on shares of Paypal in a research report on Friday, September 29th. Ten investment analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $76.05.
Shares of Paypal (NASDAQ:PYPL) opened at $79.37 on Monday. Paypal has a one year low of $39.02 and a one year high of $80.39. The firm has a market cap of $95,400.00 and a PE ratio of 62.01.
In other news, Director Rodney C. Adkins acquired 6,750 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was bought at an average price of $74.04 per share, with a total value of $499,770.00. Following the completion of the acquisition, the director now owns 10,149 shares in the company, valued at approximately $751,431.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 6.00% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. San Francisco Sentry Investment Group CA grew its stake in shares of Paypal by 352.8% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,562 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 1,217 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Paypal during the third quarter valued at approximately $113,000. Kistler Tiffany Companies LLC grew its stake in shares of Paypal by 511.9% during the third quarter. Kistler Tiffany Companies LLC now owns 2,013 shares of the credit services provider’s stock valued at $129,000 after purchasing an additional 1,684 shares during the last quarter. Harvest Fund Management Co. Ltd grew its stake in shares of Paypal by 171.4% during the second quarter. Harvest Fund Management Co. Ltd now owns 2,863 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 1,808 shares during the last quarter. Finally, Thompson Davis & CO. Inc. boosted its stake 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 valued at $155,000 after acquiring an additional 1,807 shares during the last quarter. 80.73% of the stock is currently owned by institutional investors and hedge funds.
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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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