PayPal (NASDAQ:PYPL) Price Target Raised to $95.00

PayPal (NASDAQ:PYPL) had its price target boosted by stock analysts at Macquarie from $90.00 to $95.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the credit services provider’s stock. Macquarie’s price objective would indicate a potential upside of 21.03% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group increased their target price on shares of PayPal from $69.00 to $79.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Morgan Stanley raised their price objective on shares of PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a report on Wednesday. Susquehanna raised their price objective on shares of PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Stephens raised their price objective on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Seventeen research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $82.03.

PayPal Trading Down 2.2 %

Shares of PYPL stock traded down $1.79 during trading hours on Wednesday, hitting $78.49. The company had a trading volume of 9,450,848 shares, compared to its average volume of 13,614,420. The company’s fifty day moving average is $76.10 and its 200 day moving average is $67.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. PayPal has a fifty-two week low of $50.80 and a fifty-two week high of $83.70. The stock has a market capitalization of $82.10 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.08 by $0.12. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the business posted $0.97 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts expect that PayPal will post 4.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PYPL. Pittenger & Anderson Inc. lifted its position in shares of PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares in the last quarter. Family Firm Inc. acquired a new stake in PayPal in the second quarter valued at $29,000. SYSTM Wealth Solutions LLC raised its holdings in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 465 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its holdings in PayPal by 65.8% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 185 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

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.