PayPal (NASDAQ:PYPL) Price Target Cut to $45.00 by Analysts at Deutsche Bank Aktiengesellschaft

PayPal (NASDAQ:PYPL) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $50.00 to $45.00 in a report issued on Monday morning,MarketScreener reports.

Several other analysts have also recently commented on the stock. Daiwa Securities Group upgraded shares of PayPal from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of PayPal in a research report on Friday. Mizuho reissued a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of PayPal in a research note on Thursday, April 16th. Morgan Stanley cut their price target on PayPal from $50.00 to $34.00 and set an “underweight” rating for the company in a report on Wednesday, February 4th. Finally, Susquehanna decreased their price objective on PayPal from $90.00 to $63.00 and set a “positive” rating on the stock in a report on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating, thirty-two have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $55.88.

PayPal Stock Down 0.6%

Shares of PYPL opened at $44.80 on Monday. The business’s 50 day moving average is $46.71 and its 200 day moving average is $53.65. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. PayPal has a 12-month low of $38.46 and a 12-month high of $79.50. The company has a market capitalization of $39.52 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 1.13 and a beta of 1.39.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The business had revenue of $8.35 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same period last year, the firm posted $1.33 EPS. The company’s revenue was up 7.2% on a year-over-year basis. Research analysts expect that PayPal will post 5.32 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.2%. PayPal’s payout ratio is currently 10.51%.

Insider Activity at PayPal

In related news, insider Suzan Kereere sold 13,515 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total value of $621,960.30. Following the completion of the sale, the insider directly owned 30,983 shares in the company, valued at $1,425,837.66. This trade represents a 30.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frank Keller sold 10,732 shares of the business’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total transaction of $536,170.72. Following the transaction, the insider owned 41,567 shares in the company, valued at $2,076,687.32. This trade represents a 20.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 96,199 shares of company stock worth $4,294,018. Company insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Brighton Jones LLC lifted its stake in shares of PayPal by 15.2% during the 4th quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock worth $596,000 after acquiring an additional 924 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in PayPal in the 4th quarter valued at $248,000. Sivia Capital Partners LLC increased its stake in PayPal by 41.5% in the second quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock worth $332,000 after purchasing an additional 1,310 shares during the period. United Bank lifted its position in shares of PayPal by 40.1% during the second quarter. United Bank now owns 17,388 shares of the credit services provider’s stock worth $1,292,000 after purchasing an additional 4,974 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of PayPal by 17.9% during the second quarter. Federated Hermes Inc. now owns 18,909 shares of the credit services provider’s stock valued at $1,405,000 after purchasing an additional 2,865 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

More PayPal News

Here are the key news stories impacting PayPal this week:

• Positive Sentiment: Analysts are highlighting PayPal’s cost-cutting efforts and buyback program as the main reasons the stock could rebound if margins and per-share earnings improve. PayPal: Cost Cuts And Buybacks Are The Real Bull Case
• Positive Sentiment: PayPal also announced a new multi-year partnership with the Seattle Seahawks, extending its digital payments footprint and adding another visible brand partnership after its recent NFL deal. Seattle Seahawks and PayPal announce PayPal as the team’s Official Fan-to-Fan Payments & Exclusive Digital Ticket Payment Processing Partner
• Neutral Sentiment: Venmo is rolling out a major redesign aimed at making the app more social and easier to use, which could help engagement over time but is not yet a measurable financial catalyst. Venmo’s biggest makeover in years comes at a very interesting time
• Neutral Sentiment: Zacks notes that PayPal is attracting heavy investor attention, but the article is more about market interest than any new fundamental development. PayPal Holdings, Inc. (PYPL) is Attracting Investor Attention: Here is What You Should Know
• Negative Sentiment: Bearish commentary continues to focus on PayPal’s slower growth, competition, and the market’s harsh reaction to Q1 results, which helps explain why sentiment remains cautious despite solid revenue growth. PayPal Faces a Brutal Reality: 3 Real Problems Hurting the Stock Now
• Negative Sentiment: Another article framed PayPal as either a value trap or a value opportunity after a weak post-earnings reaction, underscoring that investors are still split on whether the stock can recover quickly. Is PayPal (PYPL) a Value Trap or a Value Opportunity after Q1?

About PayPal

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.