UBS Group Cuts PayPal (NASDAQ:PYPL) Price Target to $75.00

PayPal (NASDAQ:PYPL) had its price target reduced by UBS Group from $88.00 to $75.00 in a research 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 have also recently issued reports on PYPL. Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Morgan Stanley upped their target price on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. Seaport Res Ptn downgraded shares of PayPal from a “hold” rating to a “strong sell” rating in a report on Thursday, April 17th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, StockNews.com cut PayPal from a “buy” rating to a “hold” rating in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.77.

PayPal Stock Up 2.8 %

PYPL opened at $67.24 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal has a 12 month low of $55.85 and a 12 month high of $93.66. The stock has a market capitalization of $65.72 billion, a P/E ratio of 16.77, a P/E/G ratio of 1.27 and a beta of 1.60. The business has a 50 day simple moving average of $65.75 and a 200-day simple moving average of $78.11.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same quarter in the previous year, the company earned $1.08 EPS. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts anticipate that PayPal will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Relyea Zuckerberg Hanson LLC grew its position in shares of PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after buying an additional 3,976 shares in the last quarter. Nikko Asset Management Americas Inc. increased its holdings in shares of PayPal by 2.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider’s stock valued at $59,489,000 after acquiring an additional 18,172 shares during the last quarter. ExodusPoint Capital Management LP raised its position in shares of PayPal by 223.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider’s stock valued at $22,622,000 after acquiring an additional 183,011 shares in the last quarter. StoneX Group Inc. lifted its position in shares of PayPal by 70.4% in the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider’s stock worth $2,326,000 after buying an additional 11,260 shares during the last quarter. Finally, Fortem Financial Group LLC grew its holdings in shares of PayPal by 28.0% during the fourth quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider’s stock valued at $2,842,000 after purchasing an additional 7,291 shares during the last quarter. 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.