PayPal (NASDAQ:PYPL – Get Rating) had its price objective decreased by Canaccord Genuity Group from $215.00 to $160.00 in a research report issued on Thursday, The Fly reports. The brokerage currently has a “buy” rating on the credit services provider’s stock. Canaccord Genuity Group’s price objective indicates a potential upside of 93.68% from the company’s previous close.
A number of other analysts have also commented on the company. Piper Sandler dropped their price target on PayPal from $185.00 to $140.00 in a report on Thursday. Susquehanna reduced their price target on shares of PayPal from $125.00 to $115.00 in a research report on Thursday. Citigroup decreased their price objective on shares of PayPal from $185.00 to $140.00 in a report on Sunday. Cowen dropped their target price on shares of PayPal from $174.00 to $104.00 in a research note on Thursday. Finally, DA Davidson decreased their price target on shares of PayPal from $166.00 to $144.00 in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $160.76.
Shares of PYPL stock opened at $82.61 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a 50-day moving average of $105.80 and a 200-day moving average of $161.55. PayPal has a one year low of $82.12 and a one year high of $310.16. The company has a market cap of $95.93 billion, a P/E ratio of 23.47, a P/E/G ratio of 1.46 and a beta of 1.29.
In other news, CEO Daniel H. Schulman acquired 7,994 shares of the firm’s stock in a transaction on Thursday, February 3rd. The shares were purchased at an average price of $124.57 per share, for a total transaction of $995,812.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peggy Alford sold 4,245 shares of the company’s stock in a transaction dated Friday, February 4th. The shares were sold at an average price of $124.34, for a total transaction of $527,823.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 24,894 shares of company stock valued at $2,965,405. Company insiders own 0.10% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its holdings in PayPal by 2.8% in the 4th quarter. State Street Corp now owns 46,489,371 shares of the credit services provider’s stock worth $8,766,966,000 after purchasing an additional 1,257,110 shares in the last quarter. Geode Capital Management LLC increased its position in shares of PayPal by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 19,184,985 shares of the credit services provider’s stock valued at $3,608,177,000 after buying an additional 304,806 shares during the period. Fisher Asset Management LLC increased its position in shares of PayPal by 20.6% during the fourth quarter. Fisher Asset Management LLC now owns 14,468,988 shares of the credit services provider’s stock valued at $2,728,562,000 after buying an additional 2,476,199 shares during the period. Fundsmith LLP lifted its holdings in PayPal by 5.9% in the fourth quarter. Fundsmith LLP now owns 13,019,452 shares of the credit services provider’s stock worth $2,455,208,000 after buying an additional 730,632 shares during the period. Finally, Morgan Stanley lifted its holdings in PayPal by 5.4% in the second quarter. Morgan Stanley now owns 12,068,283 shares of the credit services provider’s stock worth $3,517,662,000 after buying an additional 613,441 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.
About PayPal (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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