Barclays Has Lowered Expectations for PayPal (NASDAQ:PYPL) Stock Price

PayPal (NASDAQ:PYPL) had its target price decreased by equities research analysts at Barclays from $110.00 to $80.00 in a research report issued on Tuesday, Marketbeat.com reports. The brokerage presently has an “overweight” rating on the credit services provider’s stock. Barclays‘s target price would indicate a potential upside of 32.80% from the company’s current price.

A number of other equities analysts also recently commented on PYPL. Susquehanna lifted their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Robert W. Baird decreased their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. StockNews.com lowered shares of PayPal from a “buy” rating to a “hold” rating in a research note on Monday. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Finally, Morgan Stanley increased their price target on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Sixteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $86.84.

PayPal Trading Down 2.8 %

NASDAQ:PYPL opened at $60.24 on Tuesday. PayPal has a one year low of $55.85 and a one year high of $93.66. The business’s 50-day simple moving average is $68.87 and its 200 day simple moving average is $79.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $59.59 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 EPS. As a group, sell-side analysts predict that PayPal will post 5.03 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PayPal

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of PayPal by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider’s stock worth $1,849,884,000 after purchasing an additional 271,836 shares during the last quarter. FMR LLC lifted its position in shares of PayPal by 12.9% in the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider’s stock worth $1,615,134,000 after buying an additional 2,161,582 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider’s stock worth $1,529,823,000 after acquiring an additional 9,313,783 shares in the last quarter. Norges Bank bought a new position in shares of PayPal in the 4th quarter valued at approximately $1,086,508,000. Finally, Northern Trust Corp boosted its position in PayPal by 19.0% during the fourth quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider’s stock worth $892,953,000 after purchasing an additional 1,669,908 shares during the period. Institutional investors 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.