PayPal (NASDAQ:PYPL) Price Target Raised to $68.00

PayPal (NASDAQ:PYPL) had its price target increased by Mizuho from $60.00 to $68.00 in a report released on Wednesday, Benzinga reports. They currently have a neutral rating on the credit services provider’s stock.

A number of other equities analysts also recently issued reports on PYPL. Oppenheimer reiterated a market perform rating on shares of PayPal in a report on Thursday, January 25th. UBS Group increased their price target on shares of PayPal from $56.00 to $63.00 and gave the company a neutral rating in a report on Friday, March 1st. Monness Crespi & Hardt increased their price target on shares of PayPal from $80.00 to $88.00 and gave the company a buy rating in a report on Monday, April 29th. William Blair restated an outperform rating on shares of PayPal in a report on Thursday, February 8th. Finally, Argus downgraded shares of PayPal from a buy rating to a hold rating in a report on Friday, February 9th. Twenty-five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $72.73.

PayPal Stock Performance

Shares of PYPL opened at $65.70 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.29 and a current ratio of 1.28. The stock has a market capitalization of $68.73 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.20 and a beta of 1.41. The company’s fifty day moving average is $63.69 and its two-hundred day moving average is $60.50. PayPal has a 1 year low of $50.25 and a 1 year high of $76.54.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The company had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 EPS. On average, sell-side analysts predict that PayPal will post 4.13 earnings per share for the current year.

Insider Activity at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in PayPal in the fourth quarter valued at approximately $25,000. Sutton Wealth Advisors Inc. raised its stake in shares of PayPal by 115.0% during the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 237 shares during the period. Pittenger & Anderson Inc. raised its stake in shares of PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares during the period. American National Bank purchased a new stake in shares of PayPal during the first quarter valued at approximately $27,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of PayPal during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.