PayPal (NASDAQ:PYPL) Given “Neutral” Rating at KGI Securities

PayPal (NASDAQ:PYPLGet Free Report)‘s stock had its “neutral” rating reissued by analysts at KGI Securities in a research note issued on Monday,Benzinga reports. They presently have a $55.00 target price on the credit services provider’s stock. KGI Securities’ target price would suggest a potential upside of 20.62% from the company’s previous close.

Several other research analysts have also weighed in on PYPL. Deutsche Bank Aktiengesellschaft cut their price objective on shares of PayPal from $75.00 to $65.00 and set a “hold” rating on the stock in a report on Friday, December 5th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of PayPal in a research note on Tuesday, February 24th. Daiwa Securities Group decreased their price target on shares of PayPal from $61.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, February 10th. Wolfe Research restated a “sell” rating on shares of PayPal in a report on Monday, February 23rd. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $42.00 target price (down from $100.00) on shares of PayPal in a research report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, thirty-one have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, PayPal has an average rating of “Hold” and a consensus target price of $59.55.

View Our Latest Analysis on PYPL

PayPal Trading Down 1.3%

NASDAQ PYPL traded down $0.61 during mid-day trading on Monday, reaching $45.60. 13,480,558 shares of the stock were exchanged, compared to its average volume of 27,205,779. The business’s fifty day simple moving average is $51.58 and its 200 day simple moving average is $61.31. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market capitalization of $41.98 billion, a PE ratio of 8.44, a PEG ratio of 1.21 and a beta of 1.43. PayPal has a 1-year low of $38.46 and a 1-year high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.06). The business had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.82 billion. PayPal had a return on equity of 25.42% and a net margin of 15.77%.PayPal’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.19 EPS. On average, research analysts anticipate that PayPal will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling at PayPal

In related news, insider Suzan Kereere sold 37,613 shares of PayPal stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $41.49, for a total transaction of $1,560,563.37. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at $1,285,484.67. The trade was a 54.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Chris Natali sold 1,213 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $40.49, for a total transaction of $49,114.37. Following the completion of the transaction, the chief accounting officer owned 404 shares in the company, valued at $16,357.96. This represents a 75.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 42,304 shares of company stock valued at $1,749,493 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Bard Associates Inc. bought a new position in PayPal in the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd boosted its position in PayPal by 15,233.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 457 shares during the period. Safe Harbor Fiduciary LLC bought a new position in PayPal during the 4th quarter worth $28,000. Cloud Capital Management LLC bought a new position in PayPal during the 3rd quarter worth $30,000. Finally, Kelleher Financial Advisors bought a new stake in PayPal in the third quarter valued at $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

About PayPal

(Get Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

Further Reading

Analyst Recommendations for PayPal (NASDAQ:PYPL)

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