Paypal (NASDAQ:PYPL) had its target price hoisted by analysts at BTIG Research to $114.00 in a research note issued on Tuesday, The Fly reports. The brokerage currently has a “buy” rating on the credit services provider’s stock. BTIG Research’s price objective indicates a potential upside of 20.34% from the company’s current price.
PYPL has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Paypal from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Wednesday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $105.00 price target (up previously from $103.00) on shares of Paypal in a report on Thursday, January 31st. Atlantic Securities lowered shares of Paypal from an “overweight” rating to a “neutral” rating in a report on Friday, February 1st. Loop Capital lifted their price target on shares of Paypal to $86.00 and gave the company a “hold” rating in a report on Monday, February 11th. Finally, Oppenheimer lifted their price target on shares of Paypal from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, January 31st. Ten equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Paypal has a consensus rating of “Buy” and an average price target of $97.51.
Shares of PYPL opened at $94.73 on Tuesday. The firm has a market capitalization of $111.57 billion, a price-to-earnings ratio of 52.92, a P/E/G ratio of 2.42 and a beta of 1.00. Paypal has a fifty-two week low of $70.22 and a fifty-two week high of $96.04.
Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.02. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.23 billion. Paypal had a net margin of 13.31% and a return on equity of 14.67%. Paypal’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $0.55 EPS. Equities research analysts expect that Paypal will post 2.14 earnings per share for the current year.
In other news, COO William J. Ready sold 29,686 shares of the business’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $89.33, for a total value of $2,651,850.38. Following the completion of the sale, the chief operating officer now owns 66,558 shares of the company’s stock, valued at approximately $5,945,626.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Daniel H. Schulman sold 26,000 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $83.92, for a total transaction 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 approximately $27,427,237.92. The disclosure for this sale can be found here. Insiders have sold a total of 179,702 shares of company stock worth $15,658,922 in the last ninety days. 0.20% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. Oregon Public Employees Retirement Fund increased its position in shares of Paypal by 7,419.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 19,412,765 shares of the credit services provider’s stock worth $231,000 after purchasing an additional 19,154,611 shares during the last quarter. Lunia Capital LP increased its position in shares of Paypal by 5,015.1% in the 4th quarter. Lunia Capital LP now owns 4,152,952 shares of the credit services provider’s stock worth $4,153,000 after purchasing an additional 4,071,762 shares during the last quarter. Morgan Stanley increased its position in shares of Paypal by 57.3% in the 3rd quarter. Morgan Stanley now owns 10,450,968 shares of the credit services provider’s stock worth $918,012,000 after purchasing an additional 3,805,346 shares during the last quarter. FMR LLC increased its position in shares of Paypal by 4.2% in the 3rd quarter. FMR LLC now owns 80,780,079 shares of the credit services provider’s stock worth $7,095,722,000 after purchasing an additional 3,283,378 shares during the last quarter. Finally, Vanguard Group Inc increased its position in shares of Paypal by 3.7% in the 3rd quarter. Vanguard Group Inc now owns 86,484,524 shares of the credit services provider’s stock worth $7,596,801,000 after purchasing an additional 3,056,620 shares during the last quarter. 79.15% of the stock is owned by institutional investors.
PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.
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