Paypal (NASDAQ:PYPL) Price Target Raised to $215.00

Paypal (NASDAQ:PYPL) had its target price increased by SunTrust Banks from $140.00 to $215.00 in a report published on Thursday morning, The Fly reports. They currently have a hold rating on the credit services provider’s stock.

A number of other research firms have also weighed in on PYPL. Canaccord Genuity boosted their price objective on Paypal from $190.00 to $218.00 and gave the stock a buy rating in a research note on Thursday. Cowen boosted their price objective on Paypal from $158.00 to $195.00 and gave the stock an outperform rating in a research note on Monday, July 13th. BidaskClub lowered Paypal from a strong-buy rating to a buy rating in a research note on Wednesday, July 15th. Wedbush boosted their price objective on Paypal from $176.00 to $200.00 and gave the stock an outperform rating in a research note on Thursday, July 2nd. Finally, JMP Securities boosted their price objective on Paypal from $195.00 to $215.00 and gave the stock an outperform rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Paypal currently has an average rating of Buy and an average target price of $190.13.

Shares of NASDAQ:PYPL traded up $3.56 during trading on Thursday, reaching $196.07. The stock had a trading volume of 10,865,370 shares, compared to its average volume of 7,571,171. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.38. The business has a fifty day moving average price of $172.13 and a 200-day moving average price of $133.02. The stock has a market cap of $230.18 billion, a PE ratio of 89.94, a PEG 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 issued its quarterly 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 for the quarter, compared to analyst estimates of $4.99 billion. Paypal had a return on equity of 16.17% and a net margin of 13.44%. The business’s revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. Sell-side analysts expect that Paypal will post 2.38 earnings per share for the current year.

In other Paypal news, CEO Daniel H. Schulman sold 25,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $144.15, for a total transaction of $3,603,750.00. Following the sale, the chief executive officer now owns 569,603 shares in the company, valued at approximately $82,108,272.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 75,000 shares of company stock worth $10,562,250. 0.12% of the stock is owned by company insiders.

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

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.

Further Reading: Market Capitalization and Individual Investors

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