Deutsche Bank Raises Paypal (NASDAQ:PYPL) Price Target to $234.00

Paypal (NASDAQ:PYPL) had its target price increased by Deutsche Bank from $183.00 to $234.00 in a report released on Thursday morning, The Fly reports. Deutsche Bank currently has a buy rating on the credit services provider’s stock.

PYPL has been the topic of several other reports. Morgan Stanley increased their target price on shares of Paypal from $131.00 to $206.00 and gave the stock an overweight rating in a report on Wednesday, July 22nd. KeyCorp increased their target price on shares of Paypal from $200.00 to $215.00 and gave the stock an overweight rating in a report on Thursday. Piper Sandler raised their price objective on shares of Paypal from $210.00 to $228.00 and gave the stock an overweight rating in a report on Thursday. Cowen raised their price objective on shares of Paypal from $158.00 to $195.00 and gave the stock an outperform rating in a report on Monday, July 13th. Finally, BofA Securities raised their price objective on shares of Paypal from $194.00 to $215.00 and gave the stock a buy rating in a report on Monday, July 13th. Seven analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Paypal presently has a consensus rating of Buy and an average price target of $190.13.

PYPL traded up $3.56 during mid-day trading on Thursday, hitting $196.07. The stock had a trading volume of 10,865,370 shares, compared to its average volume of 7,571,171. The stock’s fifty day simple moving average is $172.13 and its 200-day simple moving average is $133.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.39. The firm has a market capitalization of $230.18 billion, a price-to-earnings ratio of 89.94, a price-to-earnings-growth ratio of 5.52 and a beta of 1.19. Paypal has a 1-year low of $82.07 and a 1-year high of $198.66.

Paypal (NASDAQ:PYPL) last posted its earnings results on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.46. The company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $4.99 billion. Paypal had a net margin of 13.44% and a return on equity of 16.17%. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the business posted $0.86 earnings per share. As a group, research analysts expect that Paypal will post 2.38 earnings per share for the current fiscal year.

In related news, CEO Daniel H. Schulman sold 25,000 shares of Paypal stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $122.67, for a total transaction of $3,066,750.00. Following the completion of the sale, the chief executive officer now owns 594,803 shares of the company’s stock, valued at approximately $72,964,484.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 75,000 shares of company stock valued at $10,562,250 in the last ninety days. 0.12% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Engrave Wealth Partners LLC boosted its holdings in Paypal by 54.3% in the 1st quarter. Engrave Wealth Partners LLC now owns 284 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Howe & Rusling Inc. boosted its holdings in Paypal by 446.4% in the 2nd quarter. Howe & Rusling Inc. now owns 153 shares of the credit services provider’s stock valued at $27,000 after purchasing an additional 125 shares during the period. Key Financial Inc bought a new stake in Paypal in the 1st quarter valued at about $28,000. Stonebridge Financial Planning Group LLC boosted its holdings in Paypal by 1,000.0% in the 1st quarter. Stonebridge Financial Planning Group LLC now owns 275 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 250 shares during the period. Finally, Ayalon Holdings Ltd. bought a new stake in Paypal in the 1st quarter valued at about $29,000. 82.75% of the stock is owned by hedge funds and other institutional investors.

About Paypal

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.

Featured Article: Why do corrections happen?

The Fly

Analyst Recommendations for Paypal (NASDAQ:PYPL)

Receive News & Ratings for Paypal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypal and related companies with MarketBeat.com's FREE daily email newsletter.