PayPal (NASDAQ:PYPL) Price Target Lowered to $138.00 at Loop Capital

PayPal (NASDAQ:PYPLGet Rating) had its target price reduced by equities research analysts at Loop Capital from $212.00 to $138.00 in a report released on Thursday, The Fly reports. Loop Capital’s target price points to a potential upside of 67.05% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Stephens initiated coverage on PayPal in a research report on Wednesday, April 6th. They set an “equal weight” rating and a $135.00 target price for the company. Truist Financial reduced their target price on PayPal from $130.00 to $115.00 in a research report on Thursday, April 14th. Wells Fargo & Company lowered their target price on PayPal from $152.00 to $115.00 in a research note on Thursday. Exane BNP Paribas cut PayPal from an “outperform” rating to a “neutral” rating in a report on Monday, January 10th. Finally, Zacks Investment Research upgraded PayPal from a “sell” rating to a “hold” rating and set a $102.00 target price on the stock in a report on Tuesday, March 15th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, PayPal presently has an average rating of “Buy” and a consensus target price of $163.40.

NASDAQ PYPL opened at $82.61 on Thursday. The stock’s 50-day moving average price is $105.80 and its two-hundred day moving average price is $161.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.37. The company has a market cap of $95.93 billion, a PE ratio of 23.47, a PEG ratio of 1.46 and a beta of 1.29. PayPal has a 1 year low of $82.12 and a 1 year high of $310.16.

PayPal (NASDAQ:PYPLGet Rating) last issued its earnings results on Wednesday, April 27th. The credit services provider reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. PayPal had a return on equity of 20.30% and a net margin of 16.43%. During the same period in the prior year, the business posted $0.91 EPS. Research analysts forecast that PayPal will post 3.39 EPS for the current fiscal year.

In other PayPal news, EVP Jonathan Auerbach sold 40,749 shares of PayPal stock in a transaction on Friday, March 4th. The stock was sold at an average price of $100.62, for a total transaction of $4,100,164.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Peggy Alford sold 4,245 shares of PayPal stock in a transaction on Friday, February 4th. The stock was sold at an average price of $124.34, for a total value of $527,823.30. The disclosure for this sale can be found here. In the last quarter, insiders bought 24,894 shares of company stock valued at $2,965,405. Insiders own 0.10% of the company’s stock.

Several large investors have recently made changes to their positions in PYPL. Morgan Stanley lifted its position in shares of PayPal by 5.4% during the 2nd quarter. Morgan Stanley now owns 12,068,283 shares of the credit services provider’s stock worth $3,517,662,000 after purchasing an additional 613,441 shares during the last quarter. Keudell Morrison Wealth Management boosted its stake in PayPal by 12.4% in the third quarter. Keudell Morrison Wealth Management now owns 3,047 shares of the credit services provider’s stock worth $793,000 after purchasing an additional 336 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in shares of PayPal by 9.5% during the third quarter. Segall Bryant & Hamill LLC now owns 10,555 shares of the credit services provider’s stock worth $2,745,000 after acquiring an additional 916 shares during the last quarter. New World Advisors LLC raised its position in shares of PayPal by 74.2% during the third quarter. New World Advisors LLC now owns 2,078 shares of the credit services provider’s stock worth $500,000 after acquiring an additional 885 shares during the last quarter. Finally, Blueprint Investment Partners LLC increased its holdings in PayPal by 127.1% in the third quarter. Blueprint Investment Partners LLC now owns 2,594 shares of the credit services provider’s stock valued at $675,000 after purchasing an additional 1,452 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

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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