PayPal (NASDAQ:PYPL) Cut to Neutral at Susquehanna Bancshares

Susquehanna Bancshares lowered shares of PayPal (NASDAQ:PYPLGet Rating) to a neutral rating in a report published on Tuesday morning, Stock Target Advisor reports. They currently have $100.00 target price on the credit services provider’s stock, down from their prior target price of $115.00.

A number of other equities analysts have also recently weighed in on PYPL. Raymond James raised PayPal from a market perform rating to an outperform rating and set a $123.00 price target for the company in a report on Wednesday, September 14th. Wolfe Research lowered PayPal from an outperform rating to a peer perform rating in a research note on Wednesday, July 20th. Sumitomo Mitsui Financial Group upgraded PayPal from an underperform rating to a neutral rating and upped their target price for the company from $90.00 to $100.00 in a research note on Wednesday, August 3rd. Truist Financial upped their target price on PayPal from $80.00 to $108.00 and gave the company a hold rating in a research note on Wednesday, August 3rd. Finally, Citigroup upped their target price on PayPal to $122.00 in a research note on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and thirty have issued a buy rating to the company’s stock. According to MarketBeat, PayPal presently has an average rating of Moderate Buy and an average target price of $134.23.

PayPal Stock Down 3.6 %

PayPal stock opened at $91.63 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 1.23. PayPal has a 1-year low of $67.58 and a 1-year high of $279.95. The company has a market cap of $105.97 billion, a PE ratio of 52.66, a price-to-earnings-growth ratio of 2.01 and a beta of 1.45. The stock’s 50 day moving average price is $90.70 and its 200 day moving average price is $90.64.

PayPal (NASDAQ:PYPLGet Rating) last posted its earnings results on Tuesday, August 2nd. The credit services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.11. The company had revenue of $6.81 billion for the quarter, compared to the consensus estimate of $6.76 billion. PayPal had a return on equity of 16.79% and a net margin of 7.79%. On average, sell-side analysts predict that PayPal will post 2.89 EPS for the current fiscal year.

Insider Activity at PayPal

In other PayPal news, EVP Peggy Alford sold 21,791 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $97.82, for a total transaction of $2,131,595.62. Following the completion of the transaction, the executive vice president now directly owns 18,100 shares of the company’s stock, valued at approximately $1,770,542. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

Hedge Funds Weigh In On PayPal

Several institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. raised its holdings in PayPal by 219.7% during the second quarter. Federated Hermes Inc. now owns 1,105,470 shares of the credit services provider’s stock valued at $77,206,000 after buying an additional 759,719 shares in the last quarter. Private Trust Co. NA acquired a new stake in PayPal during the second quarter worth about $1,132,000. Tandem Investment Advisors Inc. grew its position in PayPal by 5.0% during the second quarter. Tandem Investment Advisors Inc. now owns 25,823 shares of the credit services provider’s stock worth $1,803,000 after buying an additional 1,225 shares in the last quarter. Hussman Strategic Advisors Inc. grew its position in PayPal by 132.1% during the second quarter. Hussman Strategic Advisors Inc. now owns 36,200 shares of the credit services provider’s stock worth $2,528,000 after buying an additional 20,600 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its holdings in PayPal by 3.0% during the second quarter. Royal London Asset Management Ltd. now owns 1,226,785 shares of the credit services provider’s stock valued at $85,709,000 after purchasing an additional 35,953 shares in the last quarter. 70.67% of the stock is currently owned by institutional investors.

About PayPal

(Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

Further Reading

Analyst Recommendations for PayPal (NASDAQ:PYPL)

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