PayPal (NASDAQ:PYPL – Get Rating) had its price target cut by analysts at KeyCorp from $125.00 to $100.00 in a report issued on Thursday, The Fly reports. The brokerage currently has an “overweight” rating on the credit services provider’s stock. KeyCorp’s price objective would suggest a potential upside of 23.38% from the company’s current price.
A number of other research analysts have also weighed in on the company. BMO Capital Markets dropped their price objective on PayPal from $183.00 to $114.00 in a report on Thursday, April 28th. Redburn Partners lowered PayPal from a “buy” rating to a “neutral” rating in a report on Friday, July 8th. Credit Suisse Group dropped their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, June 22nd. Mizuho dropped their price objective on PayPal from $175.00 to $120.00 in a report on Monday, May 2nd. Finally, Citigroup lowered their target price on PayPal from $185.00 to $140.00 in a report on Sunday, April 24th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.52.
PayPal Price Performance
PayPal stock opened at $81.05 on Thursday. PayPal has a 12 month low of $67.58 and a 12 month high of $310.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.19 and a quick ratio of 1.19. The business has a 50 day simple moving average of $77.45 and a 200-day simple moving average of $104.84. The stock has a market capitalization of $93.86 billion, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.78 and a beta of 1.44.
PayPal (NASDAQ:PYPL – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The credit services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.04). PayPal had a return on equity of 17.90% and a net margin of 13.87%. The company had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $6.41 billion. During the same quarter last year, the company earned $0.91 EPS. Equities analysts predict that PayPal will post 2.57 earnings per share for the current year.
Insider Transactions at PayPal
In related news, EVP Peggy Alford sold 14,767 shares of the firm’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 value of $1,259,920.44. Following the sale, the executive vice president now owns 39,891 shares of the company’s stock, valued at approximately $3,403,500.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Enrique Lores purchased 1,100 shares of the business’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 in the company, valued at approximately $461,360.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Peggy Alford sold 14,767 shares of the firm’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 value of $1,259,920.44. Following the completion of the sale, the executive vice president now directly owns 39,891 shares in the company, valued at approximately $3,403,500.12. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.
Institutional Trading of PayPal
Hedge funds have recently made changes to their positions in the stock. Hennessy Advisors Inc. raised its stake in PayPal by 35.0% during the 4th quarter. Hennessy Advisors Inc. now owns 16,200 shares of the credit services provider’s stock valued at $3,055,000 after acquiring an additional 4,200 shares in the last quarter. JW Cole Advisors Inc. raised its stake in PayPal by 25.3% during the 4th quarter. JW Cole Advisors Inc. now owns 16,265 shares of the credit services provider’s stock valued at $3,067,000 after acquiring an additional 3,279 shares in the last quarter. Sepio Capital LP raised its stake in PayPal by 11.4% during the 4th quarter. Sepio Capital LP now owns 17,339 shares of the credit services provider’s stock valued at $3,270,000 after acquiring an additional 1,775 shares in the last quarter. Oak Thistle LLC bought a new stake in PayPal during the 4th quarter valued at $293,000. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new stake in PayPal during the 4th quarter valued at $674,000. Institutional investors own 75.90% 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 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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