PayPal (NASDAQ:PYPL – Get Free Report) had its target price lowered by Daiwa Securities Group from $61.00 to $42.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The firm presently has a “neutral” rating on the credit services provider’s stock. Daiwa Securities Group’s target price points to a potential downside of 0.03% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. Robert W. Baird set a $52.00 price target on shares of PayPal in a research report on Wednesday, February 4th. HSBC downgraded shares of PayPal from a “buy” rating to a “hold” rating and set a $47.00 price target for the company. in a research note on Wednesday, February 4th. Citigroup dropped their price target on PayPal from $60.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Bank of America restated a “neutral” rating and set a $68.00 price objective (down previously from $93.00) on shares of PayPal in a report on Thursday, December 11th. Finally, Susquehanna reduced their price target on shares of PayPal from $90.00 to $63.00 and set a “positive” rating for the company in a research report on Wednesday, February 4th. Ten research analysts have rated the stock with a Buy rating, thirty have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.49.
View Our Latest Stock Report on PayPal
PayPal Stock Performance
PayPal (NASDAQ:PYPL – Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). The firm had revenue of $8.68 billion for the quarter, compared to the consensus estimate of $8.82 billion. PayPal had a return on equity of 25.42% and a net margin of 15.77%.The company’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.19 EPS. On average, equities analysts expect that PayPal will post 5.03 EPS for the current fiscal year.
Insider Transactions at PayPal
In related news, EVP Frank Keller sold 3,478 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $40.20, for a total transaction of $139,815.60. Following the completion of the transaction, the executive vice president owned 51,567 shares in the company, valued at approximately $2,072,993.40. This represents a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $59.84, for a total transaction of $249,054.08. Following the completion of the sale, the insider directly owned 30,983 shares in the company, valued at approximately $1,854,022.72. This represents a 11.84% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.08% of the stock is currently owned by insiders.
Institutional Investors Weigh In On PayPal
Several large investors have recently added to or reduced their stakes in PYPL. Norges Bank purchased a new position in PayPal in the 2nd quarter valued at approximately $921,570,000. Vanguard Group Inc. boosted its holdings in shares of PayPal by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after acquiring an additional 5,534,462 shares during the period. Dimensional Fund Advisors LP grew its position in shares of PayPal by 35.9% in the third quarter. Dimensional Fund Advisors LP now owns 8,177,536 shares of the credit services provider’s stock valued at $548,520,000 after purchasing an additional 2,160,227 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of PayPal by 1,066.0% during the 2nd quarter. Lazard Asset Management LLC now owns 2,106,215 shares of the credit services provider’s stock valued at $156,532,000 after purchasing an additional 1,925,583 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in PayPal during the 3rd quarter worth about $97,794,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.
Key Stories Impacting PayPal
Here are the key news stories impacting PayPal this week:
- Positive Sentiment: Several bullish commentaries argue the recent sell‑off is overextended and present a buying opportunity, which can attract value investors and short covering. Article Title
- Positive Sentiment: Another analysis lays out why the sell‑off may be overdone and what could drive a rebound, supporting short‑term demand from opportunistic buyers. Article Title
- Positive Sentiment: MarketBeat notes a recently declared quarterly dividend ($0.14/share) — small but supportive for income‑oriented holders and can modestly limit downside. Dividend Notice
- Neutral Sentiment: Zacks flags PYPL as a trending/most‑watched stock — this can boost volume and volatility but doesn’t change fundamentals. Zacks
- Neutral Sentiment: Cantor Fitzgerald trimmed its target to $42 but kept a Neutral rating — a downgrade in expectations but not a sell signal. Cantor Fitzgerald
- Neutral Sentiment: Argus reduced its price target (to $65) — still above current levels, so mixed longer‑term signal. Argus
- Negative Sentiment: Truist sharply cut its price target to $39 and issued a Sell rating — this is a clear near‑term negative catalyst that can amplify selling pressure. Truist
- Negative Sentiment: Sanford C. Bernstein lowered its target to $45 and moved to Market Perform, removing upside conviction from a notable sell‑side voice. Bernstein
- Negative Sentiment: Levi & Korsinsky announced an ongoing securities investigation into PayPal — legal risk and uncertainty typically increase volatility and can pressure the stock. Investigation
- Negative Sentiment: An EVP, Frank Keller, sold ~3,478 shares (filed with the SEC) — insider selling can be interpreted negatively by some investors even if not necessarily signaling company fundamentals. SEC Filing
PayPal Company Profile
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.
Recommended Stories
- Five stocks we like better than PayPal
- Nvidia CEO Issues Bold Tesla Call
- Gold’s rally is big — but what comes next could be bigger
- Wall Street Turns Bullish on USAU as Gold Hits New Record!
- The buying spree that no one is talking about
- How to collect $500-$800 weekly (BlackRock’s system)
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.
