PayPal (NASDAQ:PYPL – Get Rating) had its price target reduced by analysts at DA Davidson to $120.00 in a research note issued on Tuesday, Stock Target Advisor reports. DA Davidson’s target price indicates a potential upside of 27.59% from the company’s previous close. DA Davidson also issued estimates for PayPal’s Q3 2022 earnings at $0.69 EPS and FY2023 earnings at $4.29 EPS.
Other equities analysts have also recently issued research reports about the stock. Royal Bank of Canada boosted their price objective on shares of PayPal from $92.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, August 3rd. Wolfe Research cut shares of PayPal from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 20th. UBS Group reduced their price objective on shares of PayPal from $143.00 to $136.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. Mizuho reduced their price objective on shares of PayPal from $120.00 to $118.00 and set a “buy” rating for the company in a research note on Monday. Finally, Barclays boosted their price target on shares of PayPal from $125.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.38.
PayPal Stock Performance
Shares of NASDAQ PYPL traded down $2.21 during midday trading on Tuesday, hitting $94.05. The company’s stock had a trading volume of 376,663 shares, compared to its average volume of 16,308,475. The stock has a fifty day moving average price of $79.35 and a 200 day moving average price of $96.67. PayPal has a one year low of $67.58 and a one year high of $296.70. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $108.77 billion, a price-to-earnings ratio of 54.01, a P/E/G ratio of 2.22 and a beta of 1.49.
Insiders Place Their Bets
Institutional Trading of PayPal
Hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC grew its position in PayPal by 1.1% during the 4th quarter. Brighton Jones LLC now owns 8,105 shares of the credit services provider’s stock valued at $1,529,000 after purchasing an additional 91 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in PayPal by 38.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 152,487 shares of the credit services provider’s stock valued at $28,757,000 after purchasing an additional 42,711 shares during the last quarter. Tower View Investment Management & Research LLC grew its position in PayPal by 3.8% during the 4th quarter. Tower View Investment Management & Research LLC now owns 18,779 shares of the credit services provider’s stock valued at $3,541,000 after purchasing an additional 685 shares during the last quarter. Valley Brook Capital Group Inc. purchased a new stake in PayPal during the 4th quarter valued at about $247,000. Finally, Curated Wealth Partners LLC grew its position in PayPal by 9.5% during the 4th quarter. Curated Wealth Partners LLC now owns 2,419 shares of the credit services provider’s stock valued at $457,000 after purchasing an additional 210 shares during the last quarter. 75.90% of the stock is owned by hedge funds and other institutional investors.
PayPal Company Profile
PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.
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