Paypal (NASDAQ:PYPL) Given “Outperform” Rating at Wedbush

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Wedbush reiterated their outperform rating on shares of Paypal (NASDAQ:PYPL) in a report published on Thursday, 24/7 WallStreet reports.

Other research analysts have also issued reports about the company. Morgan Stanley upped their price target on Paypal from $114.00 to $129.00 and gave the company an overweight rating in a research report on Wednesday, July 10th. Oppenheimer upped their price target on Paypal from $116.00 to $125.00 and gave the company an outperform rating in a research report on Thursday, July 25th. Jefferies Financial Group upped their target price on Paypal from $125.00 to $140.00 and gave the stock a buy rating in a research report on Thursday, July 18th. SunTrust Banks upped their target price on Paypal to $115.00 and gave the stock a hold rating in a research report on Thursday, April 25th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. upped their target price on Paypal from $105.00 to $125.00 and gave the stock an overweight rating in a research report on Friday, June 14th. Eight research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Paypal has a consensus rating of Buy and an average target price of $120.81.

NASDAQ:PYPL opened at $106.16 on Thursday. The firm has a market capitalization of $123.49 billion, a price-to-earnings ratio of 59.31, a PEG ratio of 2.42 and a beta of 0.97. Paypal has a 1-year low of $74.66 and a 1-year high of $121.48. The business’s fifty day moving average price is $113.60 and its 200 day moving average price is $107.31.

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

In other news, EVP Aaron Karczmer sold 3,110 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was 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 owns 15,041 shares in the company, valued at approximately $1,740,394.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel H. Schulman sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $111.09, for a total value of $3,332,700.00. Following the sale, the insider now owns 523,821 shares of the company’s stock, valued at approximately $58,191,274.89. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,110 shares of company stock valued at $10,264,058. 0.15% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Asset Advisory Services LLC bought a new stake in shares of Paypal during the 2nd quarter worth about $1,646,000. Geneva Partners LLC boosted its stake in Paypal by 0.3% during the 2nd quarter. Geneva Partners LLC now owns 37,534 shares of the credit services provider’s stock valued at $4,296,000 after purchasing an additional 120 shares during the period. Chesley Taft & Associates LLC boosted its stake in Paypal by 1.1% during the 2nd quarter. Chesley Taft & Associates LLC now owns 26,820 shares of the credit services provider’s stock valued at $3,070,000 after purchasing an additional 295 shares during the period. Bailard Inc. boosted its stake in Paypal by 11.1% during the 2nd quarter. Bailard Inc. now owns 29,660 shares of the credit services provider’s stock valued at $3,395,000 after purchasing an additional 2,968 shares during the period. Finally, Rehmann Capital Advisory Group boosted its stake in Paypal by 4.3% during the 1st quarter. Rehmann Capital Advisory Group now owns 7,122 shares of the credit services provider’s stock valued at $740,000 after purchasing an additional 294 shares during the period. Institutional investors own 80.71% of the company’s stock.

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.

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Analyst Recommendations for Paypal (NASDAQ:PYPL)

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