PayPal (NASDAQ:PYPL) Price Target Raised to $75.00 at Stephens

PayPal (NASDAQ:PYPL) had its target price lifted by Stephens from $70.00 to $75.00 in a research note released on Wednesday, Benzinga reports. They currently have an equal weight rating on the credit services provider’s stock.

A number of other equities research analysts also recently commented on PYPL. Oppenheimer restated a market perform rating on shares of PayPal in a research report on Thursday, January 25th. JMP Securities lifted their price target on PayPal from $70.00 to $82.00 and gave the company a market outperform rating in a research note on Wednesday. StockNews.com upgraded PayPal from a hold rating to a buy rating in a research report on Friday, April 5th. JPMorgan Chase & Co. decreased their target price on shares of PayPal from $75.00 to $70.00 and set an overweight rating on the stock in a research report on Thursday, February 8th. Finally, UBS Group upped their price target on shares of PayPal from $56.00 to $63.00 and gave the stock a neutral rating in a research note on Friday, March 1st. Twenty-five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal presently has a consensus rating of Hold and an average target price of $72.73.

PayPal Trading Down 2.6 %

Shares of PYPL stock opened at $66.14 on Wednesday. PayPal has a twelve month low of $50.25 and a twelve month high of $76.54. 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 business’s 50 day moving average is $63.39 and its two-hundred day moving average is $60.39. The company has a market capitalization of $69.62 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 1.26 and a beta of 1.41.

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

Insider Activity at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On PayPal

A number of large investors have recently bought and sold shares of the stock. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of PayPal during the 4th quarter worth $25,000. American National Bank purchased a new stake in PayPal during the first quarter valued at about $27,000. Sutton Wealth Advisors Inc. increased its stake in PayPal by 115.0% during the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 237 shares during the last quarter. Register Financial Advisors LLC purchased a new position in shares of PayPal in the 1st quarter worth about $30,000. Finally, Private Wealth Management Group LLC acquired a new position in shares of PayPal in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

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.