Barclays Lowers PayPal (NASDAQ:PYPL) Price Target to $92.00

PayPal (NASDAQ:PYPL – Get Rating) had its price target decreased by equities research analysts at Barclays from $108.00 to $92.00 in a note issued to investors on Thursday, The Fly reports. Barclays‘s price target suggests a potential upside of 49.13% from the company’s current price.

A number of other research firms have also recently issued reports on PYPL. Wells Fargo & Company increased their target price on PayPal from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Friday, February 10th. Wedbush lowered their price objective on shares of PayPal from $100.00 to $85.00 and set an “outperform” rating on the stock in a report on Tuesday. Mizuho lowered their price objective on shares of PayPal from $100.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, April 19th. Edward Jones downgraded shares of PayPal from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of PayPal from $95.00 to $103.00 and gave the company an “overweight” rating in a report on Friday, February 10th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus target price of $101.30.

PayPal Stock Performance

PayPal stock opened at $61.69 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51. PayPal has a 1 year low of $61.31 and a 1 year high of $103.03. The company has a market cap of $69.27 billion, a PE ratio of 26.03, a PEG ratio of 1.13 and a beta of 1.31. The company’s 50-day moving average is $73.49 and its two-hundred day moving average is $76.40.

PayPal (NASDAQ:PYPL – Get Rating) last announced its quarterly earnings results on Monday, May 8th. The credit services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.07. The business had revenue of $7.04 billion for the quarter, compared to the consensus estimate of $6.99 billion. PayPal had a net margin of 9.63% and a return on equity of 19.28%. PayPal’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. Equities analysts anticipate that PayPal will post 3.83 earnings per share for the current year.

Insiders Place Their Bets

In other PayPal news, CEO Daniel H. Schulman purchased 26,065 shares of the business’s stock in a transaction on Friday, February 17th. The shares were purchased at an average cost of $76.17 per share, for a total transaction of $1,985,371.05. Following the acquisition, the chief executive officer now owns 395,351 shares of the company’s stock, valued at $30,113,885.67. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On PayPal

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Joseph Group Capital Management purchased a new stake in shares of PayPal during the 3rd quarter valued at $26,000. Arlington Partners LLC purchased a new stake in shares of PayPal during the 4th quarter valued at $27,000. RFP Financial Group LLC purchased a new stake in shares of PayPal during the 4th quarter valued at $27,000. Old North State Trust LLC purchased a new stake in shares of PayPal during the 3rd quarter valued at $29,000. Finally, Capital Directions Investment Advisors LLC purchased a new stake in PayPal in the 4th quarter worth about $29,000. 72.12% of the stock is owned by hedge funds and other institutional investors.

PayPal Company Profile

(Get Rating)

PayPal Holdings, Inc engages in the development of technology platforms for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.