Nomura Increases Paypal (PYPL) Price Target to $112.00

Paypal (NASDAQ:PYPL) had its target price raised by Nomura from $110.00 to $112.00 in a report released on Thursday morning, BenzingaRatingsTable reports. They currently have a buy rating on the credit services provider’s stock.

Several other research firms have also issued reports on PYPL. Guggenheim lowered Paypal from a buy rating to a neutral rating and set a $90.82 target price for the company. in a report on Wednesday, February 6th. Wells Fargo & Co upped their target price on Paypal from $105.00 to $120.00 and gave the company an outperform rating in a report on Thursday. Royal Bank of Canada upped their target price on Paypal to $120.00 and gave the company an outperform rating in a report on Thursday. Zacks Investment Research raised Paypal from a sell rating to a hold rating in a report on Monday, January 14th. Finally, Morgan Stanley upped their target price on Paypal from $113.00 to $114.00 and gave the company an overweight rating in a report on Thursday. Ten research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Paypal presently has an average rating of Buy and an average target price of $107.09.

Shares of PYPL opened at $110.56 on Thursday. The company has a market cap of $129.60 billion, a price-to-earnings ratio of 61.77, a P/E/G ratio of 2.89 and a beta of 1.03. Paypal has a 52 week low of $70.22 and a 52 week high of $110.92.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.11. The company had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.13 billion. Paypal had a return on equity of 15.50% and a net margin of 13.92%. Paypal’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. On average, sell-side analysts predict that Paypal will post 2.23 earnings per share for the current fiscal year.

In other Paypal news, insider Daniel H. Schulman sold 30,000 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $96.09, for a total transaction of $2,882,700.00. Following the sale, the insider now owns 532,140 shares in the company, valued at $51,133,332.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Aaron Karczmer sold 3,677 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $94.44, for a total value of $347,255.88. Following the sale, the executive vice president now owns 11,399 shares in the company, valued at approximately $1,076,521.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 280,295 shares of company stock worth $26,469,952. Company insiders own 0.20% of the company’s stock.

Large investors have recently bought and sold shares of the business. Truehand Inc purchased a new stake in shares of Paypal during the fourth quarter worth $25,000. Bruderman Asset Management LLC purchased a new stake in shares of Paypal during the fourth quarter worth $27,000. CX Institutional lifted its position in shares of Paypal by 605.7% during the first quarter. CX Institutional now owns 374 shares of the credit services provider’s stock worth $39,000 after acquiring an additional 321 shares in the last quarter. Karp Capital Management Corp purchased a new stake in shares of Paypal during the fourth quarter worth $37,000. Finally, Virtus ETF Advisers LLC lifted its position in shares of Paypal by 33.7% during the fourth quarter. Virtus ETF Advisers LLC now owns 448 shares of the credit services provider’s stock worth $38,000 after acquiring an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 81.40% of the company’s stock.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Analyst Recommendations for Paypal (NASDAQ:PYPL)

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