PayPal (NASDAQ:PYPL) Price Target Lowered to $95.00 at Macquarie

PayPal (NASDAQ:PYPL) had its price target reduced by Macquarie from $117.00 to $95.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the credit services provider’s stock. Macquarie’s target price indicates a potential upside of 44.29% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Bank of America decreased their price target on PayPal from $103.00 to $93.00 and set a “buy” rating for the company in a report on Monday, April 14th. Compass Point assumed coverage on PayPal in a research note on Wednesday, April 23rd. They set a “sell” rating and a $56.00 price objective on the stock. Susquehanna increased their target price on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Finally, DZ Bank raised shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.72.

PayPal Trading Down 0.7 %

Shares of PayPal stock opened at $65.84 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal has a 52 week low of $55.85 and a 52 week high of $93.66. The stock has a 50 day moving average price of $66.08 and a two-hundred day moving average price of $78.30. The stock has a market capitalization of $64.35 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same quarter in the previous year, the business posted $1.08 EPS. PayPal’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts anticipate that PayPal will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

A number of large investors have recently modified their holdings of the business. Clarity Wealth Advisors LLC raised its stake in PayPal by 2.5% in the first quarter. Clarity Wealth Advisors LLC now owns 7,689 shares of the credit services provider’s stock valued at $502,000 after purchasing an additional 190 shares in the last quarter. DMC Group LLC raised its position in shares of PayPal by 2.0% during the 1st quarter. DMC Group LLC now owns 7,948 shares of the credit services provider’s stock valued at $519,000 after buying an additional 155 shares in the last quarter. Correct Capital Wealth Management lifted its holdings in shares of PayPal by 13.7% during the 1st quarter. Correct Capital Wealth Management now owns 11,155 shares of the credit services provider’s stock worth $728,000 after acquiring an additional 1,342 shares during the last quarter. Telos Capital Management Inc. grew its position in PayPal by 10.6% in the first quarter. Telos Capital Management Inc. now owns 96,580 shares of the credit services provider’s stock worth $6,302,000 after acquiring an additional 9,260 shares in the last quarter. Finally, Alps Advisors Inc. increased its stake in PayPal by 13.4% in the first quarter. Alps Advisors Inc. now owns 17,564 shares of the credit services provider’s stock valued at $1,146,000 after acquiring an additional 2,076 shares during the last quarter. Institutional investors 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.