PayPal (NASDAQ:PYPL) PT Lowered to $110.00

PayPal (NASDAQ:PYPLGet Rating) had its target price dropped by equities researchers at Wedbush from $170.00 to $110.00 in a report issued on Thursday, The Fly reports. Wedbush’s price objective points to a potential upside of 33.16% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group assumed coverage on shares of PayPal in a research report on Wednesday, March 30th. They set a “buy” rating and a $144.00 price objective for the company. DA Davidson lowered their price objective on PayPal from $166.00 to $144.00 in a research note on Tuesday. Morgan Stanley lowered their price objective on PayPal from $190.00 to $139.00 in a research note on Thursday. Truist Financial lowered their price objective on PayPal from $130.00 to $115.00 in a research note on Thursday, April 14th. Finally, Royal Bank of Canada lowered their price objective on PayPal from $180.00 to $118.00 and set an “outperform” rating for the company in a research note on Friday, April 22nd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $163.40.

Shares of PayPal stock opened at $82.61 on Thursday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $95.93 billion, a P/E ratio of 23.47, a price-to-earnings-growth ratio of 1.46 and a beta of 1.29. PayPal has a 12-month low of $82.12 and a 12-month high of $310.16. The company has a 50-day simple moving average of $105.80 and a 200 day simple moving average of $161.55.

PayPal (NASDAQ:PYPLGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.88. PayPal had a net margin of 16.43% and a return on equity of 20.30%. During the same period in the prior year, the firm earned $0.91 EPS. On average, equities analysts anticipate that PayPal will post 3.39 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 that occurred on Friday, February 4th. The stock was purchased at an average cost of $124.85 per share, with a total value of $499,400.00. The acquisition was disclosed in a filing with the SEC, 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. Insiders acquired a total of 24,894 shares of company stock worth $2,965,405 in the last ninety days. 0.10% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of PayPal in the fourth quarter valued at approximately $1,873,879,000. Bank of Montreal Can boosted its holdings in PayPal by 123.0% during the fourth quarter. Bank of Montreal Can now owns 8,051,183 shares of the credit services provider’s stock worth $2,334,845,000 after buying an additional 4,440,194 shares in the last quarter. Fisher Asset Management LLC boosted its stake in PayPal by 20.6% in the 4th quarter. Fisher Asset Management LLC now owns 14,468,988 shares of the credit services provider’s stock worth $2,728,562,000 after purchasing an additional 2,476,199 shares during the period. Loomis Sayles & Co. L P boosted its stake in PayPal by 66,379.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,382,103 shares of the credit services provider’s stock worth $260,637,000 after purchasing an additional 1,380,024 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in PayPal in the 4th quarter worth approximately $253,727,000. Institutional investors own 78.38% of the company’s stock.

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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