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PYPL

PayPal

$108.03

-0.77 (-0.71%)

09:50
04/18/19
04/18
09:50
04/18/19
09:50

Same day put buys in Paypal

Same day put buys in Paypal. The stock off 80c to $108 and Apr 108s trade 64 to 72c per contract. Volume is 1.8K against 694 open interest and the bid-ask is now 36 to 41c. The contact is at-the-money and expiring today. Earnings next week, 4/24, and the stock was lower yesterday on a UBS downgrade to Neutral from Buy.

  • 24

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  • 09

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  • 11

    Jun

PYPL PayPal
$108.03

-0.77 (-0.71%)

04/17/19
UBSW
04/17/19
DOWNGRADE
Target $120
UBSW
Neutral
PayPal downgraded to Neutral from Buy at UBS
UBS analyst Eric Wasserstrom downgraded PayPal Holdings to Neutral from Buy while raising his price target for the shares to $120 from $101. The stock closed yesterday up 6c to $108.20. The analyst's analysis of PayPal's core operations indicates "limited beat-and-raise potential" over the next two years. Further, his "bull scenario" for Venmo monetization would only add 2% to his current 2020 earnings estimates. While Venmo maintains a leading competitive position in people-to-people payments, this competitive position will translate into "limited" revenue and net income contribution over the next two years, Wasserstrom tells investors in a research note. In addition, the analyst sees limited valuation upside in shares of PayPal at current levels.
04/17/19
LEHM
04/17/19
NO CHANGE
Target $125
LEHM
Overweight
PayPal price target raised to $125 from $117 at Barclays
Barclays analyst Ramsey El-Assal raised his price target for PayPal to $125 from $117 and reiterates an Overweight rating on the shares after on analysis on the company's global digital marketplaces opportunity. The global digital marketplace opportunity remains one of PayPal's most compelling, El-Assal tells investors in a research note. The a analyst says that even if China's largest marketplaces and Amazon (AMZN) are excluded, he sees a sizable opportunity for PayPal at other global platforms. For example, the 2021 total addressable volume of ex-China and ex-Amazon marketplaces not currently served by PayPal is around $413B, contends the analyst. El-Assal believes the company's opportunity outside the U.S. is "substantial."
04/17/19
MSCO
04/17/19
NO CHANGE
Target $113
MSCO
Overweight
PayPal maintains acceptance lead among retailers, says Morgan Stanley
Morgan Stanley analyst James Faucette said his analysis shows that PayPal now has acceptance at 76% of the top 500 U.S. internet retailers and that on a volume-weighted basis excluding Amazon (AMZN) the company's acceptance penetration was 79% in Q1. He believes this acceptance lead vs. other digital wallets is underappreciated by investors as a key indicator of future payment volume growth and should enable PayPal to grow at or above the rate of e-commerce ex-Amazon. Faucette raised his price target on PayPal shares to $113 from $103 and keeps an Overweight rating on the shares.
04/17/19
04/17/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PayPal (PYPL) downgraded to Neutral from Buy at UBS with analyst Eric Wasserstrom saying his analysis of PayPal's core operations indicates "limited beat-and-raise potential" over the next two years. 2. GasLog Partners (GLOP) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Fotis Giannakoulis saying he believes the partnership's ability to accretively fund new dropdowns has become increasingly more challenging. 3. Bank of America (BAC) downgraded to Hold from Buy at Jefferies with analyst Kenneth Usdin saying he does not see enough upside to warrant a Buy rating. 4. Comerica (CMA) downgraded to Outperform from Strong Buy at Raymond James and to Hold from Buy at Jefferies. 5. Skyworks (SWKS) downgraded to Neutral from Outperform at Macquarie. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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SPRT

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RZLT

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AMZN

Amazon.com

$1,750.79

10.2 (0.59%)

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MGTA

Magenta Therapeutics

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IMH

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ALEC

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ATAX

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0.125 (1.68%)

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MORN

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VIX

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BLUE

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UBER

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, ALXN

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LLEX

Lilis Energy

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