Zacks Investment Research upgraded shares of Paypal (NASDAQ:PYPL) from a sell rating to a hold rating in a research note published on Friday.

According to Zacks, “PayPal’s portfolio strength remains its key growth driver. Venmo’s improving monetization efforts and its increasing adoption rate across various platforms are aiding the company’s user base. Further, rising number of merchants using One Touch and growing availability of Choice are major positives. Notably, shares of PayPal have outperformed the industry it belongs to over a year. However, intensifying competition from major players in the finance and payment industry poses a risk to the company’s market position. PayPal continues to suffer from foreign exchange fluctuations and interest rate risks. Further, the antitrust issues in the U.K. regarding the company’s acquisition of iZettle remain major concerns. Additionally, sale of the company’s U.S. consumer credit receivables portfolio to Synchrony is expected to continue impacting its top-line growth.”

Several other brokerages have also recently commented on PYPL. Nomura cut their price target on shares of Paypal from $120.00 to $103.00 and set a buy rating on the stock in a research report on Thursday, October 11th. BTIG Research raised shares of Paypal from a neutral rating to a buy rating and boosted their price target for the stock from $81.00 to $95.00 in a research report on Friday, October 19th. BMO Capital Markets boosted their price target on shares of Paypal from $112.00 to $119.00 and gave the stock an outperform rating in a research report on Friday, October 19th. Canaccord Genuity boosted their price target on shares of Paypal from $85.00 to $88.00 and gave the stock a hold rating in a research report on Friday, October 19th. Finally, Barclays reissued an overweight rating and set a $115.00 price target (up from $110.00) on shares of Paypal in a research report on Monday, January 7th. Seven analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $95.49.

Shares of NASDAQ:PYPL opened at $92.30 on Friday. Paypal has a one year low of $70.22 and a one year high of $94.58. The stock has a market cap of $111.10 billion, a price-to-earnings ratio of 66.40, a price-to-earnings-growth ratio of 2.32 and a beta of 1.06.

In other Paypal news, COO William J. Ready sold 27,458 shares of the stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $85.89, for a total transaction of $2,358,367.62. Following the transaction, the chief operating officer now owns 85,485 shares in the company, valued at approximately $7,342,306.65. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel H. Schulman sold 22,764 shares of the stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $81.41, for a total transaction of $1,853,217.24. Following the transaction, the insider now owns 312,590 shares in the company, valued at approximately $25,447,951.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 127,004 shares of company stock worth $10,613,000. Company insiders own 0.20% of the company’s stock.

Several institutional investors have recently modified their holdings of PYPL. Morgan Stanley lifted its holdings in shares of Paypal by 57.3% during the 3rd quarter. Morgan Stanley now owns 10,450,968 shares of the credit services provider’s stock worth $918,012,000 after acquiring an additional 3,805,346 shares during the period. FMR LLC lifted its holdings in shares of Paypal by 4.2% during the 3rd quarter. FMR LLC now owns 80,780,079 shares of the credit services provider’s stock worth $7,095,722,000 after acquiring an additional 3,283,378 shares during the period. Vanguard Group Inc lifted its holdings in shares of Paypal by 3.7% during the 3rd quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after acquiring an additional 3,056,620 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Paypal by 3.7% during the 3rd quarter. Vanguard Group Inc. now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after acquiring an additional 3,056,620 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of Paypal by 3.3% during the 3rd quarter. BlackRock Inc. now owns 73,378,920 shares of the credit services provider’s stock worth $6,445,605,000 after acquiring an additional 2,329,513 shares during the period. 79.17% of the stock is owned by institutional investors.

Paypal Company Profile

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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