PayPal (NASDAQ:PYPL) Price Target Raised to $75.00

PayPal (NASDAQ:PYPL) had its target price boosted by Stephens from $70.00 to $75.00 in a report published on Wednesday, Benzinga reports. They currently have an equal weight rating on the credit services provider’s stock.

Several other brokerages also recently issued reports on PYPL. Citigroup lowered their price target on PayPal from $76.00 to $73.00 and set a buy rating for the company in a report on Thursday, February 8th. Evercore ISI raised their target price on PayPal from $56.00 to $60.00 and gave the company an in-line rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. decreased their price target on PayPal from $75.00 to $70.00 and set an overweight rating for the company in a report on Thursday, February 8th. Monness Crespi & Hardt lifted their price objective on shares of PayPal from $80.00 to $88.00 and gave the company a buy rating in a research note on Monday, April 29th. Finally, William Blair restated an outperform rating on shares of PayPal in a research note on Thursday, February 8th. Twenty-five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of $72.73.

PayPal Stock Performance

NASDAQ PYPL opened at $65.70 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.29. PayPal has a 1-year low of $50.25 and a 1-year high of $76.54. The firm has a market capitalization of $68.73 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.22 and a beta of 1.41. The business’s 50-day simple moving average is $63.56 and its 200-day simple moving average is $60.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the firm earned $0.86 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Equities analysts predict that PayPal will post 4.07 EPS for the current year.

Insider Buying and Selling at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Hartford Financial Management Inc. increased its stake in PayPal by 18.8% during the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after buying an additional 163 shares during the period. Pine Haven Investment Counsel Inc boosted its holdings in shares of PayPal by 3.7% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock valued at $289,000 after acquiring an additional 170 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in shares of PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares during the period. Brooks Moore & Associates Inc. raised its holdings in PayPal by 1.3% during the third quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock worth $841,000 after purchasing an additional 180 shares in the last quarter. Finally, Waldron Private Wealth LLC boosted its stake in PayPal by 1.9% during the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after purchasing an additional 182 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.