PayPal (NASDAQ:PYPL) PT Lowered to $115.00

PayPal (NASDAQ:PYPLGet Rating) had its price objective lowered by investment analysts at Wells Fargo & Company from $152.00 to $115.00 in a report released on Thursday, The Fly reports. Wells Fargo & Company‘s price objective points to a potential upside of 39.21% from the company’s previous close.

Several other research firms have also recently weighed in on PYPL. Cowen decreased their target price on shares of PayPal from $221.00 to $147.00 and set an “outperform” rating for the company in a research note on Wednesday, February 2nd. Barclays decreased their target price on shares of PayPal from $250.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, February 3rd. Rosenblatt Securities cut 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. Bank of America downgraded PayPal from a “buy” rating to a “neutral” rating and cut their price target for the company from $175.00 to $107.00 in a report on Wednesday, March 9th. Finally, UBS Group cut their price target on PayPal from $263.00 to $218.00 and set a “buy” rating for the company in a report on Wednesday, February 2nd. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $170.03.

Shares of PYPL stock opened at $82.61 on Thursday. The company 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 52 week low of $82.12 and a 52 week high of $310.16. The company’s 50 day moving average price is $105.80 and its two-hundred day moving average price is $161.55. 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 (NASDAQ:PYPLGet Rating) last released its earnings results on Wednesday, April 27th. The credit services provider reported $0.88 earnings per share for the quarter, meeting the 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 previous year, the firm earned $0.91 earnings per share. Analysts forecast that PayPal will post 3.39 earnings per share for the current year.

In other news, EVP Jonathan Auerbach sold 40,749 shares of the business’s stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $100.62, for a total transaction of $4,100,164.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frank D. Yeary purchased 4,000 shares of PayPal stock in a transaction dated Friday, February 4th. The shares were purchased at an average price of $124.85 per share, for a total transaction of $499,400.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 24,894 shares of company stock worth $2,965,405. Company insiders own 0.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. Evoke Wealth LLC lifted its holdings in shares of PayPal by 1.5% in the 3rd quarter. Evoke Wealth LLC now owns 3,382 shares of the credit services provider’s stock worth $880,000 after purchasing an additional 49 shares in the last quarter. Cpwm LLC increased its position in shares of PayPal by 1.4% during the 3rd quarter. Cpwm LLC now owns 3,736 shares of the credit services provider’s stock valued at $972,000 after purchasing an additional 52 shares during the last quarter. Prentice Wealth Management LLC increased its position in shares of PayPal by 1.7% during the 3rd quarter. Prentice Wealth Management LLC now owns 3,145 shares of the credit services provider’s stock valued at $818,000 after purchasing an additional 53 shares during the last quarter. Ferguson Wellman Capital Management Inc. increased its holdings in PayPal by 2.9% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 1,961 shares of the credit services provider’s stock worth $370,000 after acquiring an additional 55 shares during the last quarter. Finally, Altus Wealth Group LLC increased its holdings in PayPal by 4.6% in the 3rd quarter. Altus Wealth Group LLC now owns 1,368 shares of the credit services provider’s stock worth $356,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other 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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