Paypal (NASDAQ:PYPL) PT Raised to $220.00

Paypal (NASDAQ:PYPL) had its price target increased by research analysts at Keefe, Bruyette & Woods from $205.00 to $220.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage currently has an “outperform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 12.20% from the company’s current price.

A number of other equities analysts have also issued reports on the stock. Moffett Nathanson reiterated a “buy” rating and set a $170.00 target price on shares of Paypal in a research report on Thursday, May 28th. Stephens upped their target price on shares of Paypal from $132.00 to $159.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Daiwa Capital Markets restated an “outperform” rating and issued a $201.00 price objective on shares of Paypal in a report on Tuesday, July 21st. BofA Securities increased their price objective on shares of Paypal from $194.00 to $215.00 and gave the company a “buy” rating in a report on Monday, July 13th. Finally, Robert W. Baird increased their price objective on shares of Paypal from $175.00 to $220.00 in a report on Thursday. Seven investment 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’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $190.13.

Shares of PYPL stock traded up $3.56 during trading hours on Friday, reaching $196.07. 10,865,370 shares of the company were exchanged, compared to its average volume of 7,571,171. Paypal has a fifty-two week low of $82.07 and a fifty-two week high of $198.66. The stock’s fifty day moving average is $172.13 and its two-hundred day moving average is $133.02. The company has a market cap of $230.18 billion, a price-to-earnings ratio of 89.94, a P/E/G ratio of 5.52 and a beta of 1.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.38 and a quick ratio of 1.39.

Paypal (NASDAQ:PYPL) last announced 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. Paypal had a net margin of 13.44% and a return on equity of 16.17%. The company had revenue of $5.26 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the business earned $0.86 earnings per share. Paypal’s quarterly revenue was up 22.0% on a year-over-year basis. On average, research analysts anticipate that Paypal will post 2.38 earnings per share for the current year.

In other news, CEO Daniel H. Schulman sold 25,000 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $144.15, for a total transaction of $3,603,750.00. Following the completion of the sale, the chief executive officer now 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 can be accessed through this hyperlink. Insiders have sold 75,000 shares of company stock valued at $10,562,250 in the last three months. 0.12% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of PYPL. Capital Research Global Investors grew its position in Paypal by 154.8% in the first quarter. Capital Research Global Investors now owns 14,602,398 shares of the credit services provider’s stock valued at $1,398,034,000 after purchasing an additional 8,872,484 shares in the last quarter. Fisher Asset Management LLC grew its position in Paypal by 65.7% in the first quarter. Fisher Asset Management LLC now owns 7,003,347 shares of the credit services provider’s stock valued at $670,500,000 after purchasing an additional 2,775,699 shares in the last quarter. Lone Pine Capital LLC grew its position in Paypal by 56.5% in the first quarter. Lone Pine Capital LLC now owns 5,265,480 shares of the credit services provider’s stock valued at $504,117,000 after purchasing an additional 1,901,160 shares in the last quarter. Carmignac Gestion grew its position in Paypal by 38,906.7% in the first quarter. Carmignac Gestion now owns 1,791,187 shares of the credit services provider’s stock valued at $171,491,000 after purchasing an additional 1,786,595 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Paypal by 135.8% in the first quarter. Assenagon Asset Management S.A. now owns 2,836,159 shares of the credit services provider’s stock valued at $271,534,000 after purchasing an additional 1,633,162 shares in the last quarter. 82.75% of the stock is owned by 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.

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