PayPal (NASDAQ:PYPL) PT Lowered to $68.00

PayPal (NASDAQ:PYPL) had its target price cut by investment analysts at JMP Securities from $85.00 to $68.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “market outperform” rating on the credit services provider’s stock. JMP Securities’ price objective would suggest a potential upside of 21.21% from the stock’s previous close.

A number of other research analysts have also recently weighed in on PYPL. Canaccord Genuity Group lowered their target price on shares of PayPal from $160.00 to $110.00 and set a “buy” rating on the stock in a research note on Thursday, August 3rd. Morgan Stanley lowered their target price on shares of PayPal from $133.00 to $126.00 and set an “overweight” rating on the stock in a research note on Thursday, August 3rd. JPMorgan Chase & Co. lifted their target price on shares of PayPal from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, August 22nd. Wells Fargo & Company started coverage on shares of PayPal in a research note on Tuesday, October 31st. They set an “equal weight” rating and a $55.00 target price on the stock. Finally, UBS Group restated a “neutral” rating and set a $63.00 target price on shares of PayPal in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and an average price target of $80.42.

PayPal Trading Up 1.9 %

Shares of PYPL stock opened at $56.10 on Friday. PayPal has a 1 year low of $50.25 and a 1 year high of $92.62. The firm has a fifty day moving average price of $58.35 and a 200-day moving average price of $63.93. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.30 and a quick ratio of 1.30. The company has a market cap of $61.60 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 0.83 and a beta of 1.38.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Wednesday, November 1st. The credit services provider reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.08. PayPal had a net margin of 12.93% and a return on equity of 20.78%. The firm had revenue of $7.40 billion during the quarter, compared to the consensus estimate of $7.39 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts predict that PayPal will post 3.81 earnings per share for the current year.

Hedge Funds Weigh In On PayPal

Several hedge funds have recently added to or reduced their stakes in PYPL. Mach 1 Financial Group LLC bought a new position in PayPal in the 1st quarter worth about $22,024,000. VitalStone Financial LLC grew its stake in PayPal by 4,514.3% in the 1st quarter. VitalStone Financial LLC now owns 323 shares of the credit services provider’s stock worth $75,000 after acquiring an additional 316 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in PayPal by 146.5% in the 2nd quarter. SkyView Investment Advisors LLC now owns 382 shares of the credit services provider’s stock worth $73,000 after acquiring an additional 227 shares in the last quarter. Beacon Capital Management LLC grew its stake in PayPal by 108.7% in the 2nd quarter. Beacon Capital Management LLC now owns 384 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Finally, PCA Investment Advisory Services Inc. bought a new position in PayPal in the 2nd quarter worth about $27,000. 68.42% of the stock is currently owned by institutional investors.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.