UBS Group Issues Positive Forecast for PayPal (NASDAQ:PYPL) Stock Price

PayPal (NASDAQ:PYPL) had its price objective raised by UBS Group from $72.00 to $85.00 in a research report report published on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the credit services provider’s stock.

PYPL has been the subject of several other research reports. Macquarie increased their price target on PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Robert W. Baird lifted their price target on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday. William Blair raised shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Wells Fargo & Company raised their price objective on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $80.00 target price on shares of PayPal in a research note on Wednesday, July 31st. Seventeen investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.03.

PayPal Trading Down 2.6 %

Shares of PYPL stock opened at $78.22 on Wednesday. PayPal has a fifty-two week low of $50.80 and a fifty-two week high of $83.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The stock’s fifty day moving average is $76.24 and its two-hundred day moving average is $67.48. The firm has a market capitalization of $81.82 billion, a P/E ratio of 19.70, a PEG ratio of 1.51 and a beta of 1.44.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. Bruce G. Allen Investments LLC lifted its position in shares of PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 124 shares during the last quarter. First United Bank & Trust raised its stake in PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after buying an additional 145 shares in the last quarter. Ritholtz Wealth Management lifted its holdings in PayPal by 3.3% during the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after buying an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC boosted its position in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares in the last quarter. Finally, First Bank & Trust boosted its position in shares of PayPal by 4.4% during the 3rd quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock worth $313,000 after acquiring an additional 171 shares in the last quarter. Institutional investors and hedge funds 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.