Paypal’s (PYPL) “Buy” Rating Reiterated at Citigroup

Paypal (NASDAQ:PYPL)‘s stock had its “buy” rating restated by Citigroup in a research report issued on Thursday, February 1st. They currently have a $90.00 price objective on the credit services provider’s stock. Citigroup’s target price suggests a potential upside of 20.40% from the stock’s previous close.

Several other research firms also recently issued reports on PYPL. Credit Suisse Group reaffirmed an “outperform” rating and set a $70.00 price objective (up previously from $63.00) on shares of Paypal in a report on Tuesday, October 10th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $85.00 price objective on shares of Paypal in a report on Thursday, February 1st. BTIG Research reaffirmed a “buy” rating and set a $81.00 price objective on shares of Paypal in a report on Sunday, November 19th. Vetr raised Paypal from a “hold” rating to a “buy” rating and set a $80.21 price objective on the stock in a report on Wednesday, November 29th. Finally, Robert W. Baird upped their price objective on Paypal from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Nine investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company. Paypal currently has a consensus rating of “Buy” and a consensus price target of $77.04.

Shares of Paypal (NASDAQ PYPL) traded up $2.43 on Thursday, hitting $74.75. The stock had a trading volume of 13,466,714 shares, compared to its average volume of 11,110,000. The firm has a market cap of $89,840.00 and a P/E ratio of 50.85. Paypal has a fifty-two week low of $40.56 and a fifty-two week high of $86.32.

Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.52 by $0.03. Paypal had a return on equity of 11.59% and a net margin of 13.71%. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the business earned $0.42 EPS. Paypal’s revenue was up 25.6% compared to the same quarter last year. equities analysts predict that Paypal will post 1.75 EPS for the current fiscal year.

In other Paypal news, COO William J. Ready sold 60,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $77.68, for a total transaction of $4,660,800.00. Following the completion of the transaction, the chief operating officer now owns 95,944 shares in the company, valued at approximately $7,452,929.92. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John D. Rainey sold 50,977 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $77.68, for a total value of $3,959,893.36. Following the transaction, the chief financial officer now owns 114,020 shares of the company’s stock, valued at approximately $8,857,073.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 126,344 shares of company stock valued at $9,818,481. 6.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. B. Riley Financial Inc. increased its holdings in Paypal by 23.2% during the 4th quarter. B. Riley Financial Inc. now owns 4,381 shares of the credit services provider’s stock worth $323,000 after purchasing an additional 826 shares in the last quarter. First Republic Investment Management Inc. increased its holdings in Paypal by 7.4% during the 4th quarter. First Republic Investment Management Inc. now owns 192,892 shares of the credit services provider’s stock worth $14,201,000 after purchasing an additional 13,237 shares in the last quarter. Mission Wealth Management LP bought a new position in Paypal during the 4th quarter worth about $206,000. Alexandria Capital LLC boosted its stake in shares of Paypal by 3,559.6% during the 4th quarter. Alexandria Capital LLC now owns 7,795 shares of the credit services provider’s stock worth $574,000 after buying an additional 7,582 shares during the last quarter. Finally, Timber Hill LLC acquired a new position in shares of Paypal during the 4th quarter worth about $1,290,000. Hedge funds and other institutional investors own 82.46% of the company’s stock.

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Paypal Company Profile

PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.

Analyst Recommendations for Paypal (NASDAQ:PYPL)

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