Paypal (NASDAQ:PYPL) Price Target Raised to $204.00

Paypal (NASDAQ:PYPL) had its target price hoisted by Rosenblatt Securities from $196.00 to $204.00 in a research report sent to investors on Wednesday morning, BenzingaRatingsTable reports. The firm currently has a buy rating on the credit services provider’s stock.

A number of other research firms have also recently issued reports on PYPL. Nomura Securities lowered their target price on Paypal from $139.00 to $132.00 and set a buy rating for the company in a report on Thursday, April 9th. Barclays raised their price objective on Paypal from $199.00 to $210.00 and gave the company an overweight rating in a report on Wednesday, July 22nd. Piper Sandler began coverage on Paypal in a report on Monday, July 6th. They issued an overweight rating and a $210.00 price objective for the company. JMP Securities began coverage on Paypal in a report on Tuesday, June 30th. They issued an outperform rating and a $195.00 price objective for the company. Finally, Berenberg Bank restated a buy rating and issued a $205.00 price objective on shares of Paypal in a report on Thursday, June 25th. Seven analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $190.13.

PYPL stock opened at $196.07 on Wednesday. The stock has a 50-day moving average price of $172.13 and a two-hundred day moving average price of $133.02. The stock has a market cap of $230.18 billion, a PE ratio of 89.94, a price-to-earnings-growth ratio of 5.42 and a beta of 1.19. The company has a current ratio of 1.38, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51. Paypal has a 1 year low of $82.07 and a 1 year high of $198.66.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.46. The firm had revenue of $5.26 billion during the quarter, compared to analysts’ expectations of $4.99 billion. Paypal had a return on equity of 16.17% and a net margin of 13.44%. The company’s revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. On average, analysts forecast 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 that occurred on Friday, May 15th. The shares were sold at an average price of $144.15, for a total value of $3,603,750.00. Following the transaction, the chief executive officer now directly owns 569,603 shares of the company’s stock, valued at $82,108,272.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 75,000 shares of company stock worth $10,562,250 over the last three months. 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. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Paypal during the second quarter worth $211,000. Riverstone Advisors LLC grew its stake in shares of Paypal by 0.5% during the second quarter. Riverstone Advisors LLC now owns 103,212 shares of the credit services provider’s stock worth $17,983,000 after buying an additional 482 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Paypal by 66.4% during the first quarter. Mercer Global Advisors Inc. ADV now owns 26,688 shares of the credit services provider’s stock worth $2,555,000 after buying an additional 10,652 shares during the last quarter. Allworth Financial LP grew its stake in shares of Paypal by 44.7% during the first quarter. Allworth Financial LP now owns 518 shares of the credit services provider’s stock worth $49,000 after buying an additional 160 shares during the last quarter. Finally, Howe & Rusling Inc. grew its stake in shares of Paypal by 446.4% during the second quarter. Howe & Rusling Inc. now owns 153 shares of the credit services provider’s stock worth $27,000 after buying an additional 125 shares during the last quarter. 82.75% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Paypal (NASDAQ:PYPL)

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