PayPal (NASDAQ:PYPL) PT Raised to $60.00

PayPal (NASDAQ:PYPL) had its price objective boosted by Evercore ISI from $56.00 to $60.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the credit services provider’s stock.

A number of other analysts also recently issued reports on PYPL. Oppenheimer reissued a market perform rating on shares of PayPal in a research report on Thursday, January 25th. Canaccord Genuity Group cut their price target on PayPal from $100.00 to $80.00 and set a buy rating for the company in a report on Thursday, February 8th. Morgan Stanley reaffirmed an equal weight rating and issued a $66.00 price target (down from $118.00) on shares of PayPal in a report on Tuesday, January 9th. StockNews.com raised PayPal from a hold rating to a buy rating in a report on Thursday, February 15th. Finally, BTIG Research reaffirmed a neutral rating on shares of PayPal in a report on Friday, January 5th. Twenty-four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $70.47.

PayPal Stock Performance

NASDAQ:PYPL opened at $66.99 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The business has a fifty day simple moving average of $61.56 and a two-hundred day simple moving average of $59.46. PayPal has a 1 year low of $50.25 and a 1 year high of $77.95. The company has a market capitalization of $71.80 billion, a P/E ratio of 17.45, a P/E/G ratio of 1.51 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period last year, the business posted $1.01 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, analysts expect that PayPal will post 3.95 earnings per share for the current year.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction dated Friday, March 1st. The stock was 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 document filed with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. HighPoint Advisor Group LLC purchased a new position in shares of PayPal in the fourth quarter worth about $839,000. Ables Iannone Moore & Associates Inc. purchased a new position in PayPal during the 4th quarter valued at about $68,000. Leo Wealth LLC purchased a new position in PayPal during the 4th quarter valued at about $217,000. Spartan Planning & Wealth Management increased its holdings in PayPal by 13,625.0% during the 4th quarter. Spartan Planning & Wealth Management now owns 549 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 545 shares during the period. Finally, Brown Shipley& Co Ltd increased its holdings in PayPal by 6.0% during the 4th quarter. Brown Shipley& Co Ltd now owns 51,372 shares of the credit services provider’s stock valued at $3,155,000 after purchasing an additional 2,919 shares during the period. 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.