PayPal (NASDAQ:PYPL) PT Lowered to $125.00

PayPal (NASDAQ:PYPLGet Rating) had its price objective cut by equities research analysts at Barclays from $200.00 to $125.00 in a report issued on Monday, The Fly reports. Barclays‘s target price would indicate a potential upside of 42.16% from the stock’s previous close.

PYPL has been the subject of several other reports. Canaccord Genuity Group dropped their target price on shares of PayPal from $215.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday. StockNews.com raised shares of PayPal from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. The Goldman Sachs Group started coverage on shares of PayPal in a research report on Wednesday, March 30th. They set a “buy” rating and a $144.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price target on shares of PayPal from $260.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, February 2nd. Finally, Jefferies Financial Group lowered their price target on shares of PayPal from $105.00 to $95.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and thirty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $152.83.

NASDAQ:PYPL opened at $87.93 on Monday. The company has a 50-day moving average price of $105.26 and a 200-day moving average price of $157.81. PayPal has a 12 month low of $82.12 and a 12 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. The stock has a market cap of $102.11 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 1.45 and a beta of 1.29.

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

In other news, CEO Daniel H. Schulman purchased 7,994 shares of the company’s stock in a transaction on Thursday, February 3rd. The stock was acquired at an average cost of $124.57 per share, for a total transaction of $995,812.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frank D. Yeary purchased 4,000 shares of the company’s stock in a transaction on Friday, February 4th. The stock was purchased at an average price of $124.85 per share, with a total value of $499,400.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 24,894 shares of company stock valued at $2,965,405. 0.10% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC boosted its position in shares of PayPal by 11.9% in the first quarter. Signaturefd LLC now owns 18,693 shares of the credit services provider’s stock worth $2,162,000 after purchasing an additional 1,981 shares during the period. Marshall & Sullivan Inc. WA boosted its position in shares of PayPal by 7.9% during the first quarter. Marshall & Sullivan Inc. WA now owns 18,668 shares of the credit services provider’s stock worth $2,159,000 after acquiring an additional 1,368 shares during the last quarter. Patten & Patten Inc. TN boosted its position in shares of PayPal by 3.0% during the first quarter. Patten & Patten Inc. TN now owns 122,126 shares of the credit services provider’s stock worth $14,124,000 after acquiring an additional 3,574 shares during the last quarter. Garner Asset Management Corp boosted its position in shares of PayPal by 16.2% during the first quarter. Garner Asset Management Corp now owns 2,648 shares of the credit services provider’s stock worth $306,000 after acquiring an additional 370 shares during the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV boosted its position in shares of PayPal by 25.9% during the first quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 3,652 shares of the credit services provider’s stock worth $422,000 after acquiring an additional 752 shares during the last quarter. Institutional investors and hedge funds own 75.90% of the company’s stock.

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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