Compass Point started coverage on shares of Paypal (NASDAQ:PYPL) in a research note published on Thursday, 24/7 WallStreet reports. The firm issued a buy rating and a $120.00 price target on the credit services provider’s stock.

A number of other equities research analysts have also commented on PYPL. Craig Hallum reduced their price target on Paypal from $140.00 to $120.00 and set a buy rating on the stock in a research report on Thursday, October 24th. Citigroup increased their target price on shares of Paypal from $124.00 to $137.00 and gave the company a buy rating in a research report on Monday, September 9th. Bank of America restated a buy rating and issued a $127.00 price target on shares of Paypal in a research report on Thursday, November 21st. SunTrust Banks reduced their price objective on shares of Paypal to $105.00 and set a hold rating on the stock in a research note on Thursday, October 24th. Finally, BidaskClub upgraded shares of Paypal from a sell rating to a hold rating in a report on Saturday, November 30th. Nine equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $121.82.

Paypal stock opened at $104.34 on Thursday. Paypal has a 12 month low of $76.70 and a 12 month high of $121.48. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $122.81 billion, a price-to-earnings ratio of 58.29, a PEG ratio of 2.48 and a beta of 0.95. The stock’s 50 day moving average is $103.80 and its 200-day moving average is $108.54.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, October 23rd. The credit services provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.09. The firm had revenue of $4.38 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Paypal had a return on equity of 16.73% and a net margin of 14.89%. The company’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 earnings per share. As a group, equities research analysts predict that Paypal will post 2.3 earnings per share for the current fiscal year.

In other news, CFO John D. Rainey sold 5,507 shares of the business’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $104.46, for a total transaction of $575,261.22. Following the completion of the sale, the chief financial officer now directly owns 107,845 shares of the company’s stock, valued at $11,265,488.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Jonathan Auerbach sold 2,660 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $103.75, for a total transaction of $275,975.00. Following the completion of the sale, the executive vice president now owns 115,274 shares in the company, valued at approximately $11,959,677.50. The disclosure for this sale can be found here. In the last three months, insiders sold 68,167 shares of company stock valued at $7,078,936. 0.15% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. SNS Financial Group LLC bought a new position in Paypal in the 2nd quarter worth about $430,000. Regal Investment Advisors LLC lifted its position in Paypal by 5.2% during the second quarter. Regal Investment Advisors LLC now owns 3,450 shares of the credit services provider’s stock valued at $395,000 after buying an additional 171 shares during the period. Bailard Inc. lifted its position in Paypal by 11.1% during the second quarter. Bailard Inc. now owns 29,660 shares of the credit services provider’s stock valued at $3,395,000 after buying an additional 2,968 shares during the period. Psagot Investment House Ltd. boosted its holdings in shares of Paypal by 0.4% during the 2nd quarter. Psagot Investment House Ltd. now owns 109,953 shares of the credit services provider’s stock valued at $12,585,000 after buying an additional 483 shares in the last quarter. Finally, Sycomore Asset Management boosted its holdings in shares of Paypal by 28.0% during the 2nd quarter. Sycomore Asset Management now owns 3,200 shares of the credit services provider’s stock valued at $379,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 80.67% of the company’s stock.

About Paypal

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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