Paypal (NASDAQ:PYPL) had its price objective hoisted by Deutsche Bank from $120.00 to $127.00 in a report issued on Tuesday morning, The Fly reports. Deutsche Bank currently has a positive rating on the credit services provider’s stock.

Other analysts have also recently issued reports about the stock. UBS Group set a $160.00 price target on shares of IBM and gave the company a buy rating in a report on Wednesday, April 17th. KeyCorp lifted their target price on shares of Zynga from $5.00 to $6.00 and gave the stock an overweight rating in a research note on Monday, April 29th. BidaskClub upgraded shares of Kandi Technologies Group from a strong sell rating to a sell rating in a research note on Friday, May 17th. Royal Bank of Canada reiterated a sell rating and issued a $7.50 target price on shares of Deutsche Bank in a research note on Thursday, April 25th. Finally, Morgan Stanley lifted their target price on shares of Williams-Sonoma from $52.00 to $56.00 and gave the stock an underweight rating in a research note on Wednesday, July 10th. Ten analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Paypal presently has a consensus rating of Buy and a consensus price target of $113.02.

Shares of NASDAQ:PYPL traded up $0.13 during trading on Tuesday, reaching $120.00. The stock had a trading volume of 75,834 shares, compared to its average volume of 4,788,196. Paypal has a one year low of $74.66 and a one year high of $121.48. The firm has a market cap of $139.59 billion, a P/E ratio of 67.15, a P/E/G ratio of 2.94 and a beta of 0.98. The stock has a 50-day moving average of $115.58.

Paypal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. Paypal had a net margin of 13.92% and a return on equity of 15.50%. The business had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.13 billion. During the same period last year, the business earned $0.57 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. As a group, research analysts predict that Paypal will post 2.26 earnings per share for the current year.

In related news, CFO John D. Rainey sold 13,925 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $108.73, for a total value of $1,514,065.25. Following the completion of the sale, the chief financial officer now owns 121,770 shares of the company’s stock, valued at approximately $13,240,052.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Adele Louise Pentland sold 11,520 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $109.07, for a total transaction of $1,256,486.40. Following the completion of the sale, the executive vice president now directly owns 63,408 shares of the company’s stock, valued at approximately $6,915,910.56. The disclosure for this sale can be found here. In the last three months, insiders sold 180,714 shares of company stock valued at $19,911,348. 0.15% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Semmax Financial Advisors Inc. boosted its stake in Paypal by 630.2% during the 1st quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 271 shares during the last quarter. Private Ocean LLC boosted its stake in Paypal by 386.7% during the 1st quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 290 shares during the last quarter. CX Institutional boosted its stake in Paypal by 605.7% during the 1st quarter. CX Institutional now owns 374 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 321 shares during the last quarter. Princeton Global Asset Management LLC acquired a new stake in Paypal during the 1st quarter worth $42,000. Finally, Liberty Wealth Management LLC acquired a new stake in Paypal during the 4th quarter worth $39,000. 80.88% of the stock is currently owned by institutional investors.

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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