PayPal (NASDAQ:PYPL) PT Lowered to $155.00

PayPal (NASDAQ:PYPLGet Rating) had its price objective reduced by investment analysts at Credit Suisse Group from $190.00 to $155.00 in a report issued on Monday, The Fly reports. Credit Suisse Group’s target price would indicate a potential upside of 51.50% from the stock’s previous close.

A number of other research firms have also recently weighed in on PYPL. Rosenblatt Securities decreased their price target on PayPal from $227.00 to $216.00 and set a “buy” rating for the company in a report on Wednesday, February 2nd. DZ Bank cut PayPal from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a report on Thursday, February 3rd. Exane BNP Paribas cut PayPal from an “outperform” rating to a “neutral” rating in a report on Monday, January 10th. StockNews.com cut PayPal from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. Finally, Bank of America cut PayPal from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $175.00 to $107.00 in a report on Wednesday, March 9th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $187.53.

Shares of NASDAQ:PYPL opened at $102.31 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.22 and a current ratio of 1.22. PayPal has a 1 year low of $92.25 and a 1 year high of $310.16. The stock has a market capitalization of $119.19 billion, a P/E ratio of 29.07, a PEG ratio of 1.66 and a beta of 1.29. The stock has a 50-day simple moving average of $109.69 and a 200-day simple moving average of $169.73.

PayPal (NASDAQ:PYPLGet Rating) last released its quarterly earnings results on Tuesday, February 1st. The credit services provider reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.06. The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $6.89 billion. PayPal had a return on equity of 20.30% and a net margin of 16.43%. PayPal’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. Analysts predict that PayPal will post 3.42 earnings per share for the current year.

In other PayPal news, Director Frank D. Yeary purchased 4,000 shares of the firm’s stock in a transaction dated Friday, February 4th. The stock was bought at an average price of $124.85 per share, with a total value of $499,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel H. Schulman purchased 7,994 shares of the firm’s stock in a transaction dated Thursday, February 3rd. The stock was acquired at an average cost of $124.57 per share, with a total value of $995,812.58. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 24,894 shares of company stock valued at $2,965,405. 0.10% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in PYPL. Level Financial Advisors Inc. bought a new position in shares of PayPal in the fourth quarter worth $25,000. LFA Lugano Financial Advisors SA bought a new position in shares of PayPal in the fourth quarter worth $26,000. Curi Wealth Management LLC bought a new position in shares of PayPal in the fourth quarter worth $30,000. Disciplined Investments LLC grew its stake in shares of PayPal by 203.6% in the fourth quarter. Disciplined Investments LLC now owns 170 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 114 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC bought a new position in shares of PayPal in the fourth quarter worth $36,000. 78.38% of the stock is owned by institutional investors.

PayPal Company Profile (Get Rating)

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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