Paypal (NASDAQ:PYPL) had its price target increased by research analysts at Stifel Nicolaus from $77.00 to $79.00 in a report released on Thursday. The brokerage presently has a “hold” rating on the credit services provider’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 7.41% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on PYPL. BTIG Research cut Paypal from a “buy” rating to a “neutral” rating in a research report on Thursday. Mizuho reiterated a “hold” rating and set a $50.00 price target on shares of Paypal in a research report on Sunday, October 15th. Guggenheim reiterated a “buy” rating and set a $72.00 price target (up from $67.00) on shares of Paypal in a research report on Thursday, October 5th. Nomura upped their price target on Paypal from $68.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, October 16th. Finally, Stephens upped their price objective on shares of Paypal from $65.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 17th. Eleven equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $76.60.
Shares of Paypal (NASDAQ PYPL) opened at $85.32 on Thursday. Paypal has a 52-week low of $39.02 and a 52-week high of $86.32. The firm has a market capitalization of $100,696.02, a PE ratio of 66.14, a PEG ratio of 2.70 and a beta of 1.03.
In other news, Director Rodney C. Adkins bought 6,750 shares of the business’s stock in a transaction on Friday, December 8th. The stock was acquired at an average price of $74.04 per share, with a total value of $499,770.00. Following the completion of the purchase, the director now directly owns 10,149 shares in the company, valued at $751,431.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.00% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Terra Nova Asset Management purchased a new stake in shares of Paypal during the third quarter valued at approximately $1,576,000. Hutchens Investment Management Inc purchased a new stake in Paypal in the fourth quarter worth $1,950,000. Artemis Investment Management LLP lifted its stake in Paypal by 60.6% in the second quarter. Artemis Investment Management LLP now owns 342,141 shares of the credit services provider’s stock worth $12,495,000 after acquiring an additional 129,047 shares during the period. Janus Capital Management purchased a new stake in Paypal in the third quarter worth $7,244,000. Finally, Dowling & Yahnke LLC purchased a new stake in Paypal in the fourth quarter worth $2,303,000. 81.70% of the stock is owned by institutional investors and hedge funds.
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About Paypal
PayPal Holdings, Inc is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform.
