Paypal Holdings (PYPL) Received its Third Buy in a Row


After Robert W. Baird and Raymond James gave Paypal Holdings (NASDAQ: PYPL) a Buy rating last month, the company received another Buy, this time from Rosenblatt Securities. Analyst Sean Horgan maintained a Buy rating on Paypal Holdings today. The company’s shares closed last Monday at $234.55.

According to TipRanks.com, Horgan is a 3-star analyst with an average return of 5.4% and a 66.7% success rate. Horgan covers the Technology sector, focusing on stocks such as Fidelity National Info, Tradeweb Markets, and Global Payments.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Paypal Holdings with a $307.94 average price target.

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Based on Paypal Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.12 billion and net profit of $1.57 billion. In comparison, last year the company earned revenue of $4.96 billion and had a net profit of $507 million.

Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PYPL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The firm 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. It allows its customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds. The firm also enables consumers to exchange funds with merchants using funding sources, which include bank account, PayPal account balance, PayPal Credit account, credit and debit card or other stored value products. It offers consumers person-to-person payment solutions through its PayPal Website and mobile application, Venmo and Xoom. The company was founded in December 1998 and is headquartered in San Jose, CA.

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