PayPal (NASDAQ:PYPL) Given New $45.00 Price Target at Deutsche Bank Aktiengesellschaft

PayPal (NASDAQ:PYPL) had its target price decreased by Deutsche Bank Aktiengesellschaft from $50.00 to $45.00 in a research note issued to investors on Monday,MarketScreener reports. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential downside of 0.07% from the stock’s previous close.

A number of other equities research analysts have also recently commented on PYPL. Compass Point upgraded PayPal from a “sell” rating to a “neutral” rating and set a $51.00 target price on the stock in a research report on Wednesday, February 4th. Bank of America dropped their price objective on PayPal from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Cantor Fitzgerald boosted their price objective on PayPal from $42.00 to $54.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Robert W. Baird set a $52.00 target price on PayPal in a research report on Wednesday, February 4th. Finally, Daiwa Securities Group raised shares of PayPal from a “hold” rating to an “outperform” rating in a report on Wednesday, May 6th. Eight equities research analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $55.88.

PayPal Price Performance

NASDAQ:PYPL opened at $45.03 on Monday. The firm’s fifty day moving average is $46.71 and its two-hundred day moving average is $53.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $39.72 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 1.13 and a beta of 1.39. PayPal has a one year low of $38.46 and a one year high of $79.50.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The business had revenue of $8.35 billion for the quarter, compared to analysts’ expectations of $8.05 billion. During the same quarter last year, the company earned $1.33 EPS. The business’s revenue was up 7.2% on a year-over-year basis. Research analysts expect that PayPal will post 5.32 EPS for the current year.

Insider Buying and Selling

In other news, EVP Frank Keller sold 29,581 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total value of $1,361,317.62. Following the completion of the sale, the executive vice president owned 51,567 shares of the company’s stock, valued at $2,373,113.34. This represents a 36.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Suzan Kereere sold 37,613 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $41.49, for a total transaction of $1,560,563.37. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at $1,285,484.67. This represents a 54.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 96,199 shares of company stock worth $4,294,018. 0.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PayPal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in PayPal by 9.2% during the first quarter. PNC Financial Services Group Inc. now owns 376,292 shares of the credit services provider’s stock worth $17,020,000 after purchasing an additional 31,855 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new position in PayPal during the 1st quarter worth about $384,000. Cassaday & Co Wealth Management LLC acquired a new position in PayPal in the 1st quarter valued at about $61,000. AlTi Global Inc. increased its stake in PayPal by 24.4% during the first quarter. AlTi Global Inc. now owns 11,953 shares of the credit services provider’s stock worth $541,000 after purchasing an additional 2,341 shares during the period. Finally, Earned Wealth Advisors LLC lifted its position in shares of PayPal by 2.0% during the first quarter. Earned Wealth Advisors LLC now owns 12,608 shares of the credit services provider’s stock worth $570,000 after purchasing an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Analysts are highlighting PayPal’s cost-cutting efforts and buyback program as the main reasons the stock could rebound if margins and per-share earnings improve. PayPal: Cost Cuts And Buybacks Are The Real Bull Case
• Positive Sentiment: PayPal also announced a new multi-year partnership with the Seattle Seahawks, extending its digital payments footprint and adding another visible brand partnership after its recent NFL deal. Seattle Seahawks and PayPal announce PayPal as the team’s Official Fan-to-Fan Payments & Exclusive Digital Ticket Payment Processing Partner
• Neutral Sentiment: Venmo is rolling out a major redesign aimed at making the app more social and easier to use, which could help engagement over time but is not yet a measurable financial catalyst. Venmo’s biggest makeover in years comes at a very interesting time
• Neutral Sentiment: Zacks notes that PayPal is attracting heavy investor attention, but the article is more about market interest than any new fundamental development. PayPal Holdings, Inc. (PYPL) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Bearish commentary continues to focus on PayPal’s slower growth, competition, and the market’s harsh reaction to Q1 results, which helps explain why sentiment remains cautious despite solid revenue growth. PayPal Faces a Brutal Reality: 3 Real Problems Hurting the Stock Now
• Negative Sentiment: Another article framed PayPal as either a value trap or a value opportunity after a weak post-earnings reaction, underscoring that investors are still split on whether the stock can recover quickly. Is PayPal (PYPL) a Value Trap or a Value Opportunity after Q1?

PayPal Company Profile

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.