BidaskClub upgraded shares of Paypal (NASDAQ:PYPL) from a buy rating to a strong-buy rating in a research report released on Tuesday, December 19th.
PYPL has been the subject of several other reports. Wells Fargo & Co lifted their target price on shares of Paypal from $65.00 to $70.00 and gave the company a market perform rating in a report on Friday, October 20th. Craig Hallum set a $93.00 target price on shares of Paypal and gave the company a buy rating in a report on Monday, November 20th. Loop Capital lifted their target price on shares of Paypal from $57.00 to $67.00 and gave the company a hold rating in a report on Friday, October 20th. Vetr upgraded shares of Paypal from a hold rating to a buy rating and set a $79.66 price objective for the company in a report on Monday, November 20th. Finally, Sanford C. Bernstein restated an outperform rating and issued a $66.00 price objective (up from $61.00) on shares of Paypal in a report on Tuesday, September 5th. Ten analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $76.05.
Paypal (NASDAQ PYPL) traded up $0.38 during trading on Tuesday, reaching $79.75. The company’s stock had a trading volume of 5,492,400 shares, compared to its average volume of 9,410,000. The company has a market cap of $95,850.00 and a PE ratio of 62.30. Paypal has a fifty-two week low of $39.02 and a fifty-two week high of $80.39.
In other Paypal news, Director Rodney C. Adkins acquired 6,750 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was purchased at an average price of $74.04 per share, with a total value of $499,770.00. Following the transaction, the director now directly owns 10,149 shares in the company, valued at approximately $751,431.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 6.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Apriem Advisors boosted its holdings in Paypal by 0.6% in the 2nd quarter. Apriem Advisors now owns 8,398 shares of the credit services provider’s stock worth $451,000 after buying an additional 52 shares during the period. Westside Investment Management Inc. boosted its holdings in Paypal by 0.4% in the 2nd quarter. Westside Investment Management Inc. now owns 13,849 shares of the credit services provider’s stock worth $761,000 after buying an additional 60 shares during the period. Sigma Planning Corp boosted its holdings in Paypal by 0.4% in the 2nd quarter. Sigma Planning Corp now owns 16,819 shares of the credit services provider’s stock worth $903,000 after buying an additional 74 shares during the period. Train Babcock Advisors LLC boosted its holdings in Paypal by 1.6% in the 2nd quarter. Train Babcock Advisors LLC now owns 5,440 shares of the credit services provider’s stock worth $292,000 after buying an additional 86 shares during the period. Finally, Calamos Wealth Management LLC lifted its stake in Paypal by 0.3% in the 2nd quarter. Calamos Wealth Management LLC now owns 38,860 shares of the credit services provider’s stock worth $2,086,000 after purchasing an additional 98 shares in the last quarter. 80.73% of the stock is owned by institutional investors.
TRADEMARK VIOLATION NOTICE: “Paypal (NASDAQ:PYPL) Upgraded at BidaskClub” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this story on another website, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this story can be read at https://stocknewstimes.com/2018/01/11/paypal-pypl-upgraded-by-bidaskclub-to-strong-buy.html.
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.
Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.