PayPal’s (PYPL) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reiterated their hold rating on shares of PayPal (NASDAQ:PYPL) in a research report report published on Tuesday, Benzinga reports.

Several other equities analysts have also recently weighed in on the stock. Sanford C. Bernstein lifted their price target on PayPal from $66.00 to $68.00 and gave the company a market perform rating in a research note on Thursday, April 18th. Daiwa Capital Markets downgraded PayPal from an outperform rating to a neutral rating and decreased their price target for the stock from $64.00 to $62.00 in a report on Tuesday, February 13th. BMO Capital Markets dropped their price objective on PayPal from $65.00 to $60.00 and set a market perform rating on the stock in a research note on Thursday, February 8th. JPMorgan Chase & Co. reduced their target price on shares of PayPal from $75.00 to $70.00 and set an overweight rating for the company in a research note on Thursday, February 8th. Finally, William Blair reissued an outperform rating on shares of PayPal in a research report on Thursday, February 8th. Twenty-five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $72.73.

PayPal Stock Down 1.9 %

NASDAQ:PYPL traded down $1.28 on Tuesday, hitting $65.70. The stock had a trading volume of 15,421,815 shares, compared to its average volume of 16,569,914. The company has a quick ratio of 1.29, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. PayPal has a 52 week low of $50.25 and a 52 week high of $76.54. The business’s fifty day moving average is $63.56 and its 200 day moving average is $60.44. The company has a market cap of $68.73 billion, a PE ratio of 16.55, a P/E/G ratio of 1.22 and a beta of 1.41.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period in the previous year, the business posted $0.86 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts expect that PayPal will post 4.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

A number of large investors have recently modified their holdings of the business. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in PayPal during the fourth quarter valued at approximately $25,000. Sutton Wealth Advisors Inc. lifted its holdings in shares of PayPal by 115.0% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 237 shares during the last quarter. Pittenger & Anderson Inc. grew its position in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares in the last quarter. American National Bank bought a new position in PayPal in the first quarter valued at $27,000. Finally, Private Wealth Management Group LLC purchased a new stake in PayPal during the fourth quarter valued at about $29,000. Institutional investors own 68.32% of the company’s stock.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.