Paypal (PYPL) Upgraded to Buy by UBS Group

UBS Group upgraded shares of Paypal (NASDAQ:PYPL) from a hold rating to a buy rating in a research note released on Tuesday morning, The Fly reports.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada reaffirmed a buy rating and set a $87.00 target price on shares of Paypal in a research note on Monday, June 18th. Robert W. Baird lifted their target price on shares of Paypal from $88.00 to $96.00 and gave the stock an outperform rating in a research note on Thursday, July 26th. Stephens reaffirmed a buy rating and set a $91.00 target price on shares of Paypal in a research note on Friday, July 13th. Oppenheimer lifted their target price on shares of Paypal from $90.00 to $95.00 and gave the stock an outperform rating in a research note on Thursday, July 26th. Finally, Cantor Fitzgerald lifted their target price on shares of Paypal to $98.00 and gave the stock an overweight rating in a research note on Thursday, July 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-three have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $91.89.

NASDAQ:PYPL opened at $79.03 on Tuesday. The stock has a market capitalization of $103.97 billion, a PE ratio of 57.13, a price-to-earnings-growth ratio of 2.86 and a beta of 1.31. Paypal has a twelve month low of $66.16 and a twelve month high of $93.70.

Paypal (NASDAQ:PYPL) last issued its earnings results on Wednesday, July 25th. The credit services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.17. Paypal had a net margin of 14.02% and a return on equity of 12.91%. The company had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $3.81 billion. During the same period in the previous year, the firm earned $0.46 earnings per share. Paypal’s quarterly revenue was up 23.0% compared to the same quarter last year. As a group, research analysts anticipate that Paypal will post 1.73 EPS for the current year.

In related news, COO William J. Ready sold 38,878 shares of Paypal stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $88.22, for a total value of $3,429,817.16. Following the completion of the transaction, the chief operating officer now owns 119,215 shares in the company, valued at $10,517,147.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Aaron Anderson sold 17,062 shares of Paypal stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $88.22, for a total transaction of $1,505,209.64. Following the completion of the transaction, the vice president now owns 9,921 shares of the company’s stock, valued at approximately $875,230.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 149,732 shares of company stock valued at $13,204,157. Company insiders own 0.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Archford Capital Strategies LLC grew its holdings in shares of Paypal by 92.6% in the second quarter. Archford Capital Strategies LLC now owns 1,300 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 625 shares in the last quarter. Landaas & Co. WI ADV acquired a new position in shares of Paypal in the second quarter valued at approximately $135,000. Adviser Investments LLC grew its holdings in shares of Paypal by 165.3% in the second quarter. Adviser Investments LLC now owns 1,653 shares of the credit services provider’s stock valued at $138,000 after purchasing an additional 1,030 shares in the last quarter. ELM Advisors LLC acquired a new position in shares of Paypal in the third quarter valued at approximately $149,000. Finally, Itau Unibanco Holding S.A. grew its holdings in shares of Paypal by 50.8% in the second quarter. Itau Unibanco Holding S.A. now owns 1,722 shares of the credit services provider’s stock valued at $142,000 after purchasing an additional 580 shares in the last quarter. Hedge funds and other institutional investors own 79.59% of the company’s stock.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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