Mizuho Lowers PayPal (NASDAQ:PYPL) Price Target to $120.00

PayPal (NASDAQ:PYPLGet Rating) had its price target decreased by research analysts at Mizuho from $175.00 to $120.00 in a note issued to investors on Monday, The Fly reports. Mizuho’s target price would indicate a potential upside of 36.47% from the stock’s current price.

Other analysts have also issued reports about the stock. Raymond James lowered shares of PayPal from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 2nd. Cowen dropped their target price on shares of PayPal from $174.00 to $104.00 in a report on Thursday. DA Davidson dropped their target price on shares of PayPal from $166.00 to $144.00 in a report on Tuesday, April 26th. Susquehanna Bancshares dropped their target price on shares of PayPal from $125.00 to $115.00 in a report on Thursday. Finally, DZ Bank downgraded shares of PayPal from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Thursday, February 3rd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat, PayPal presently has an average rating of “Buy” and a consensus target price of $152.83.

Shares of NASDAQ:PYPL opened at $87.93 on Monday. The company has a 50 day moving average of $105.26 and a 200-day moving average of $157.81. The firm has a market cap of $102.11 billion, a P/E ratio of 29.02, a P/E/G ratio of 1.45 and a beta of 1.29. PayPal has a twelve month low of $82.12 and a twelve month high of $310.16. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.37.

PayPal (NASDAQ:PYPLGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The credit services provider reported $0.88 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.88. PayPal had a net margin of 13.87% and a return on equity of 17.69%. During the same period last year, the company posted $0.91 earnings per share. Equities research analysts forecast that PayPal will post 3.31 EPS for the current year.

In related news, EVP Jonathan Auerbach sold 40,749 shares of the company’s stock in a transaction on Friday, March 4th. The shares were sold at an average price of $100.62, for a total transaction of $4,100,164.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank D. Yeary acquired 4,500 shares of the firm’s stock in a transaction that occurred on Friday, February 18th. The shares were purchased at an average cost of $103.96 per share, with a total value of $467,820.00. The disclosure for this purchase can be found here. Insiders acquired 24,894 shares of company stock valued at $2,965,405 over the last three months. Insiders own 0.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in PayPal during the 4th quarter valued at $1,873,879,000. Bank of Montreal Can raised its stake in PayPal by 123.0% during the 4th quarter. Bank of Montreal Can now owns 8,051,183 shares of the credit services provider’s stock valued at $2,334,845,000 after purchasing an additional 4,440,194 shares during the last quarter. Fisher Asset Management LLC raised its stake in PayPal by 20.6% during the 4th 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 purchasing an additional 2,476,199 shares during the last quarter. SG Americas Securities LLC raised its stake in PayPal by 144.1% during the 1st quarter. SG Americas Securities LLC now owns 586,247 shares of the credit services provider’s stock valued at $67,799,000 after purchasing an additional 1,915,359 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in PayPal by 66,379.2% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,382,103 shares of the credit services provider’s stock valued at $260,637,000 after purchasing an additional 1,380,024 shares during the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

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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