Paypal (NASDAQ:PYPL) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Wednesday, BidAskClub reports.

Several other research analysts also recently issued reports on PYPL. Wells Fargo & Co upped their target price on shares of Paypal from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. KeyCorp upped their target price on shares of Paypal from $118.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, July 25th. Citigroup upped their target price on shares of Paypal from $124.00 to $137.00 and gave the stock a “buy” rating in a research note on Monday. Bank of America reiterated a “buy” rating and issued a $131.00 target price (up previously from $123.00) on shares of Paypal in a research note on Thursday, June 13th. Finally, Berenberg Bank reiterated a “buy” rating and issued a $125.00 target price on shares of Paypal in a research note on Friday, July 26th. Eight investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $121.68.

NASDAQ:PYPL traded down $0.18 during mid-day trading on Wednesday, hitting $106.92. 2,085,023 shares of the company’s stock were exchanged, compared to its average volume of 5,564,542. Paypal has a one year low of $74.66 and a one year high of $121.48. The business has a fifty day moving average price of $108.18 and a 200 day moving average price of $109.01. The company has a market cap of $121.26 billion, a PE ratio of 59.73, a P/E/G ratio of 2.38 and a beta of 0.98.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, July 24th. The credit services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.56 by $0.12. Paypal had a net margin of 15.36% and a return on equity of 17.14%. The business had revenue of $4.31 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Paypal’s quarterly revenue was up 11.7% on a year-over-year basis. Equities analysts predict that Paypal will post 2.41 earnings per share for the current fiscal year.

In other Paypal news, EVP Aaron Karczmer sold 3,110 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $115.71, for a total transaction of $359,858.10. Following the completion of the sale, the executive vice president now directly owns 15,041 shares of the company’s stock, valued at $1,740,394.11. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $111.96, for a total transaction of $3,358,800.00. Following the sale, the insider now directly owns 487,074 shares of the company’s stock, valued at $54,532,805.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,417 shares of company stock valued at $14,511,700. 0.15% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Nuveen Asset Management LLC increased its stake in shares of Paypal by 6,747.4% in the second quarter. Nuveen Asset Management LLC now owns 18,861,956 shares of the credit services provider’s stock worth $2,158,939,000 after purchasing an additional 18,586,493 shares in the last quarter. Invesco Ltd. increased its stake in shares of Paypal by 37.9% in the second quarter. Invesco Ltd. now owns 20,557,665 shares of the credit services provider’s stock worth $2,353,030,000 after purchasing an additional 5,654,831 shares in the last quarter. FMR LLC increased its stake in shares of Paypal by 3.8% in the first quarter. FMR LLC now owns 82,843,184 shares of the credit services provider’s stock worth $8,602,436,000 after purchasing an additional 3,002,568 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Paypal by 1.5% in the second quarter. Vanguard Group Inc. now owns 89,109,876 shares of the credit services provider’s stock worth $10,199,516,000 after purchasing an additional 1,274,702 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Paypal in the second quarter worth $143,579,000. 81.01% of the stock is owned by institutional investors and hedge funds.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Further Reading: What is the Rule of 72?

Analyst Recommendations for Paypal (NASDAQ:PYPL)

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.