PayPal (NASDAQ:PYPL – Get Free Report) was upgraded by equities researchers at Barclays to a “strong sell” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.
Other equities research analysts also recently issued reports about the stock. BNP Paribas Exane boosted their target price on shares of PayPal from $41.00 to $43.50 and gave the company a “neutral” rating in a report on Friday, April 10th. BMO Capital Markets initiated coverage on shares of PayPal in a research report on Tuesday, April 21st. They set a “market perform” rating and a $52.00 price target for the company. Deutsche Bank Aktiengesellschaft cut their price target on shares of PayPal from $50.00 to $45.00 in a research note on Monday, May 11th. Canaccord Genuity Group reiterated a “hold” rating and issued a $42.00 price target on shares of PayPal in a report on Wednesday, May 20th. Finally, Loop Capital began coverage on shares of PayPal in a research note on Tuesday, March 31st. They set a “hold” rating and a $46.00 price objective for the company. Seven analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $53.91.
Check Out Our Latest Research Report on PYPL
PayPal Stock Up 1.8%
PayPal (NASDAQ:PYPL – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The company had revenue of $8.35 billion during the quarter, compared to analysts’ expectations of $8.05 billion. During the same quarter in the previous year, the business earned $1.33 EPS. The firm’s revenue was up 7.2% on a year-over-year basis. On average, research analysts forecast that PayPal will post 5.32 EPS for the current year.
Insider Activity at PayPal
In other PayPal news, CAO Chris Natali sold 1,337 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total transaction of $66,128.02. Following the completion of the sale, the chief accounting officer directly owned 1,586 shares in the company, valued at $78,443.56. The trade was a 45.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total transaction of $536,170.72. Following the completion of the sale, the insider directly owned 41,567 shares of the company’s stock, valued at $2,076,687.32. The trade was a 20.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 20,612 shares of company stock worth $966,623. Company insiders own 0.63% of the company’s stock.
Institutional Trading of PayPal
A number of institutional investors have recently added to or reduced their stakes in PYPL. Bard Associates Inc. acquired a new stake in PayPal in the 4th quarter valued at $25,000. Kelleher Financial Advisors acquired a new position in shares of PayPal during the third quarter worth about $30,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of PayPal by 15,233.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after purchasing an additional 457 shares in the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in shares of PayPal in the fourth quarter worth about $28,000. Finally, Advocate Investing Services LLC purchased a new stake in shares of PayPal in the fourth quarter worth about $30,000. 68.32% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about PayPal
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: PayPal expanded PYUSD to Polygon, giving its stablecoin native access to a large settlement network and potentially improving transaction utility for merchants and users. PayPal boosts its stablecoin as banks prepare to launch a shared one
- Positive Sentiment: Analysts and market commentary suggest the PYUSD launch on Polygon is helping sentiment around PYPL, as the move could increase stablecoin adoption and reinforce PayPal’s crypto strategy. PayPal Stock (PYPL) Ticks Up as PYUSD Goes Native on Polygon
- Positive Sentiment: PayPal’s continued PYUSD expansion via Paxos and Polygon highlights efforts to build a broader stablecoin settlement network, which may support future growth in payments and fintech services. PayPal’s PYUSD Stablecoin Arrives Natively on Polygon via Paxos Partnership
- Neutral Sentiment: PayPal also received a bearish analyst initiation from Barclays, but the rating change does not appear to be the main driver of today’s trading action. PayPal Holdings (PYPL) Gets a Sell from Barclays
- Neutral Sentiment: Broader market risk-off pressure weighed on financial stocks after geopolitical headlines, which may have created some short-term volatility in PYPL. PayPal, Ameriprise Financial, and Ally Financial Shares Are Falling, What You Need To Know
- Neutral Sentiment: PayPal is also being discussed for its AI-driven cost savings and BNPL growth strategy, but these items are more long-term than immediate stock catalysts. PayPal AI Push: Will $1.5B Savings Drive Faster Growth Ahead?
PayPal Company Profile
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.
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