Paypal (NASDAQ:PYPL) had its price objective increased by research analysts at Loop Capital to $86.00 in a research report issued on Monday, The Fly reports. The brokerage currently has a “hold” rating on the credit services provider’s stock. Loop Capital’s price target would indicate a potential downside of 6.39% from the stock’s previous close.

Several other equities research analysts have also commented on the company. Zacks Investment Research upgraded Paypal from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Craig Hallum restated a “buy” rating and set a $110.00 price target (up from $100.00) on shares of Paypal in a research note on Thursday, January 31st. Oppenheimer increased their price objective on Paypal from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, January 31st. BidaskClub raised Paypal from a “buy” rating to a “strong-buy” rating in a report on Tuesday, January 29th. Finally, Guggenheim lowered Paypal from a “buy” rating to a “neutral” rating and set a $90.82 price objective on the stock. in a report on Wednesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $96.93.

Shares of PYPL stock opened at $91.87 on Monday. Paypal has a 52-week low of $70.22 and a 52-week high of $94.58. The company has a market cap of $107.78 billion, a P/E ratio of 51.32, a price-to-earnings-growth ratio of 2.35 and a beta of 1.00.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.02. Paypal had a return on equity of 14.67% and a net margin of 13.31%. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.23 billion. During the same period last year, the business posted $0.55 EPS. The business’s revenue was up 13.0% compared to the same quarter last year. On average, analysts anticipate that Paypal will post 2.14 earnings per share for the current fiscal year.

In other news, insider Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $91.49, for a total value of $2,744,700.00. Following the completion of the sale, the insider now directly owns 304,826 shares of the company’s stock, valued at approximately $27,888,530.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel H. Schulman sold 26,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $83.92, for a total value of $2,181,920.00. Following the completion of the sale, the insider now directly owns 326,826 shares of the company’s stock, valued at $27,427,237.92. The disclosure for this sale can be found here. In the last three months, insiders sold 195,736 shares of company stock worth $16,945,066. 0.20% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its stake in shares of Paypal by 9.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 350,810 shares of the credit services provider’s stock valued at $29,212,000 after purchasing an additional 31,025 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Paypal by 16.1% in the second quarter. Schroder Investment Management Group now owns 68,480 shares of the credit services provider’s stock valued at $5,648,000 after acquiring an additional 9,495 shares in the last quarter. Lourd Capital LLC purchased a new position in Paypal in the third quarter valued at $209,000. Delaney Dennis R grew its holdings in shares of Paypal by 38.0% during the third quarter. Delaney Dennis R now owns 6,612 shares of the credit services provider’s stock worth $581,000 after purchasing an additional 1,822 shares during the last quarter. Finally, Page Arthur B acquired a new stake in shares of Paypal during the third quarter worth about $582,000. Hedge funds and other institutional investors own 80.82% of the company’s stock.

About Paypal

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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The Fly

Analyst Recommendations for Paypal (NASDAQ:PYPL)

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