PayPal (NASDAQ:PYPL) PT Raised to $71.00

PayPal (NASDAQ:PYPL) had its price objective hoisted by UBS Group from $63.00 to $71.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a neutral rating on the credit services provider’s stock.

PYPL has been the topic of a number of other research reports. Daiwa Capital Markets lowered shares of PayPal from an outperform rating to a neutral rating and cut their price target for the company from $64.00 to $62.00 in a research note on Tuesday, February 13th. Susquehanna upped their target price on PayPal from $61.00 to $65.00 and gave the company a neutral rating in a research report on Wednesday, January 24th. Morgan Stanley reaffirmed an equal weight rating and set a $66.00 price target (down previously from $118.00) on shares of PayPal in a research report on Tuesday, January 9th. Citigroup cut their price objective on PayPal from $76.00 to $73.00 and set a buy rating on the stock in a report on Thursday, February 8th. Finally, Mizuho lifted their target price on PayPal from $60.00 to $68.00 and gave the stock a neutral rating in a report on Wednesday. Twenty-five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $72.73.

PayPal Stock Performance

Shares of PYPL opened at $65.70 on Wednesday. PayPal has a 12 month low of $50.25 and a 12 month high of $76.54. The stock has a fifty day moving average price of $63.69 and a 200-day moving average price of $60.50. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.47. The firm has a market cap of $68.73 billion, a PE ratio of 16.55, a P/E/G ratio of 1.20 and a beta of 1.41.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS 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 during the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter last year, the business posted $0.86 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts predict that PayPal will post 4.13 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other news, SVP Frank Keller sold 7,686 shares of PayPal 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 sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PayPal

Several institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of PayPal by 5.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 217,041 shares of the credit services provider’s stock worth $12,688,000 after purchasing an additional 11,030 shares during the last quarter. FinTrust Capital Advisors LLC grew its holdings in PayPal by 51.8% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,283 shares of the credit services provider’s stock valued at $75,000 after buying an additional 438 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of PayPal by 5.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 478,411 shares of the credit services provider’s stock worth $27,968,000 after acquiring an additional 24,231 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in shares of PayPal by 15.5% during the 3rd quarter. Simon Quick Advisors LLC now owns 4,183 shares of the credit services provider’s stock worth $245,000 after acquiring an additional 562 shares during the period. Finally, Arlington Trust Co LLC acquired a new position in shares of PayPal during the 3rd quarter valued at about $58,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

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.