Paypal (NASDAQ:PYPL) had its price target increased by investment analysts at JPMorgan Chase & Co. from $105.00 to $125.00 in a note issued to investors on Friday, The Fly reports. The firm presently has an “overweight” rating on the credit services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 8.02% from the stock’s previous close.
PYPL has been the topic of a number of other reports. Wells Fargo & Co raised their price target on Paypal from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Royal Bank of Canada raised their price target on Paypal to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Morgan Stanley raised their price target on Paypal from $113.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. BidaskClub lowered Paypal from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 24th. Finally, BTIG Research raised their price target on Paypal from $114.00 to $130.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $108.66.
PYPL opened at $115.72 on Friday. The firm has a market cap of $134.53 billion, a P/E ratio of 64.65, a P/E/G ratio of 2.86 and a beta of 1.02. Paypal has a 52 week low of $74.66 and a 52 week high of $117.45.
Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, April 24th. The credit services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.11. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.13 billion. Paypal had a return on equity of 15.50% and a net margin of 13.92%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.57 earnings per share. Research analysts expect that Paypal will post 2.24 EPS for the current year.
In other news, EVP Jonathan Auerbach sold 8,730 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $113.80, for a total value of $993,474.00. Following the transaction, the executive vice president now directly owns 120,470 shares in the company, valued at approximately $13,709,486. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $112.38, for a total value of $3,371,400.00. Following the completion of the transaction, the insider now owns 553,821 shares in the company, valued at $62,238,403.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,714 shares of company stock worth $19,911,348. Company insiders own 0.15% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in PYPL. Oregon Public Employees Retirement Fund raised its holdings 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 period. Norges Bank purchased a new position in shares of Paypal in the 4th quarter worth about $906,735,000. Jennison Associates LLC raised its holdings in shares of Paypal by 42.8% in the 1st quarter. Jennison Associates LLC now owns 15,022,937 shares of the credit services provider’s stock worth $1,559,982,000 after purchasing an additional 4,502,709 shares during the period. Lunia Capital LP raised its holdings 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 period. Finally, Vanguard Group Inc raised its holdings 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 period. Institutional investors own 80.92% of the company’s stock.
Paypal Company Profile
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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