Zacks Investment Research downgraded shares of Paypal (NASDAQ:PYPL) from a buy rating to a hold rating in a research report report published on Monday.
According to Zacks, “PayPal reported strong fourth-quarter 2017 results driven by record customer account addition, accelerated push into mobile and significant increase in total payments volume. Quarterly revenues and earnings both came above the company’s expectations. PayPal’s ongoing strategic partnerships with Visa and MasterCard offer great flexibility and choice to consumers. Partnerships with Google, Facebook, Pinterest, Alibaba, Intuit and other major retailers and financial institutions are also delivering positive results. However, eBay’s decision to select Adyen as its new primary payment processor doesn’t bode well for PayPal. Notably, eBay accounts for 13% of PayPal’s total payment volume (TPV), thereby contributing a major portion to its total revenues. Moreover, continuous exposure to foreign exchange and interest rate risks are concerns. Over the last one year, the stock has outperformed the industry it belongs to.”
PYPL has been the topic of a number of other research reports. Wells Fargo & Co upped their target price on shares of Paypal from $65.00 to $70.00 and gave the stock a market perform rating in a report on Friday, October 20th. Craig Hallum set a $93.00 target price on shares of Paypal and gave the stock a buy rating in a report on Monday, November 20th. Jefferies Group upped their target price on shares of Paypal from $86.00 to $95.00 and gave the stock a buy rating in a report on Thursday, January 18th. Stifel Nicolaus upped their target price on shares of Paypal from $77.00 to $79.00 and gave the stock a hold rating in a report on Thursday, February 1st. Finally, Vetr raised shares of Paypal from a hold rating to a buy rating and set a $86.65 target price on the stock in a report on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Paypal has a consensus rating of Buy and an average price target of $77.04.
Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.03. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.64 billion. Paypal had a net margin of 13.71% and a return on equity of 11.59%. Paypal’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.42 EPS. equities analysts predict that Paypal will post 1.69 earnings per share for the current year.
In other Paypal news, Director Rodney C. Adkins acquired 6,750 shares of the business’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 purchase, the director now owns 10,149 shares of the company’s stock, valued at $751,431.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. San Francisco Sentry Investment Group CA boosted 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 valued at $100,000 after buying an additional 1,217 shares during the period. Arcadia Investment Management Corp MI boosted its position in Paypal by 230.4% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock valued at $106,000 after buying an additional 1,000 shares during the period. Front Row Advisors LLC purchased a new stake in Paypal during the 4th quarter valued at $111,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Paypal during the 3rd quarter valued at $113,000. Finally, Kistler Tiffany Companies LLC boosted 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 valued at $129,000 after buying an additional 1,684 shares during the period. 82.46% of the stock is owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.