PayPal (NASDAQ:PYPL) Price Target Lowered to $95.00 at Credit Suisse Group

PayPal (NASDAQ:PYPLGet Rating) had its price objective cut by Credit Suisse Group from $100.00 to $95.00 in a research report released on Wednesday, The Fly reports. They currently have an outperform rating on the credit services provider’s stock.

A number of other equities research analysts have also recently issued reports on PYPL. Susquehanna Bancshares lowered their price objective on PayPal from $125.00 to $115.00 in a research note on Thursday, April 28th. StockNews.com cut PayPal from a hold rating to a sell rating in a research report on Saturday, June 4th. Cowen decreased their price target on PayPal from $174.00 to $104.00 in a research report on Thursday, April 28th. Barclays decreased their price target on PayPal from $200.00 to $125.00 in a research report on Monday, May 2nd. Finally, Susquehanna decreased their price target on PayPal from $125.00 to $115.00 in a research report on Thursday, April 28th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirty have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $153.71.

Shares of PayPal stock opened at $72.97 on Wednesday. PayPal has a 52-week low of $70.47 and a 52-week high of $310.16. The stock’s 50-day simple moving average is $83.65 and its 200 day simple moving average is $122.52. The stock has a market capitalization of $84.50 billion, a P/E ratio of 24.08, a P/E/G ratio of 1.56 and a beta of 1.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.19 and a current ratio of 1.19.

PayPal (NASDAQ:PYPLGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.04). PayPal had a net margin of 13.87% and a return on equity of 17.90%. The firm had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $6.41 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Equities research analysts forecast that PayPal will post 2.69 EPS for the current fiscal year.

In related news, EVP Peggy Alford sold 14,767 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $85.32, for a total transaction of $1,259,920.44. Following the completion of the transaction, the executive vice president now owns 39,891 shares in the company, valued at $3,403,500.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Enrique Lores bought 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 4th. The shares were acquired at an average price of $88.13 per share, with a total value of $96,943.00. Following the acquisition, the director now owns 5,235 shares of the company’s stock, valued at $461,360.55. The disclosure for this purchase can be found here. 0.13% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of PYPL. Level Financial Advisors Inc. bought a new position in PayPal in the fourth quarter worth $25,000. LFA Lugano Financial Advisors SA bought a new position in PayPal in the fourth quarter worth $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in PayPal in the first quarter worth $28,000. Curi Wealth Management LLC bought a new position in PayPal in the fourth quarter worth $30,000. Finally, Disciplined Investments LLC raised its holdings in PayPal by 203.6% in the fourth quarter. Disciplined Investments LLC now owns 170 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 114 shares in the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

About PayPal (Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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