PayPal (NASDAQ:PYPL) PT Raised to $65.00

PayPal (NASDAQ:PYPL) had its target price upped by BMO Capital Markets from $64.00 to $65.00 in a report released on Wednesday, Benzinga reports. The firm currently has a market perform rating on the credit services provider’s stock.

A number of other research firms also recently commented on PYPL. Stephens boosted their price objective on PayPal from $70.00 to $75.00 and gave the stock an equal weight rating in a research note on Wednesday. Daiwa Capital Markets downgraded PayPal from an outperform rating to a neutral rating and cut their price objective for the company from $64.00 to $62.00 in a research note on Tuesday, February 13th. Wells Fargo & Company increased their price target on shares of PayPal from $55.00 to $60.00 and gave the company an equal weight rating in a report on Monday, January 29th. Wedbush reissued an outperform rating and issued a $85.00 price target on shares of PayPal in a research report on Thursday, February 8th. Finally, Royal Bank of Canada increased their price objective on PayPal from $74.00 to $84.00 and gave the stock an outperform rating in a research note on Wednesday. Twenty-five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, PayPal has a consensus rating of Hold and an average target price of $72.73.

PayPal Stock Down 2.6 %

NASDAQ:PYPL opened at $66.14 on Wednesday. PayPal has a 52 week low of $50.25 and a 52 week high of $76.54. The firm has a market capitalization of $69.62 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 1.26 and a beta of 1.41. 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 stock has a 50 day moving average of $63.39 and a 200-day moving average of $60.39.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The business had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.86 EPS. Analysts predict that PayPal will post 4.02 EPS for the current year.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

Institutional investors and hedge funds have recently modified their holdings of the stock. Seelaus Asset Management LLC purchased a new stake in PayPal in the 1st quarter valued at $252,000. Moloney Securities Asset Management LLC raised its holdings in shares of PayPal by 14.1% in the first quarter. Moloney Securities Asset Management LLC now owns 13,607 shares of the credit services provider’s stock valued at $912,000 after purchasing an additional 1,686 shares during the last quarter. Palisade Asset Management LLC bought a new position in shares of PayPal during the first quarter valued at about $156,000. Greenwood Capital Associates LLC purchased a new position in PayPal during the first quarter worth about $208,000. Finally, Fortem Financial Group LLC grew its position in PayPal by 18.3% in the 1st quarter. Fortem Financial Group LLC now owns 19,112 shares of the credit services provider’s stock worth $1,280,000 after purchasing an additional 2,950 shares in the last quarter. 68.32% 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 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.