PayPal (NASDAQ:PYPL) Stock Price Expected to Rise, Truist Financial Analyst Says

PayPal (NASDAQ:PYPL) had its price target lifted by analysts at Truist Financial from $53.00 to $58.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the credit services provider’s stock. Truist Financial‘s price target points to a potential upside of 1.32% from the stock’s previous close.

Several other research analysts also recently commented on the stock. Susquehanna raised their price target on shares of PayPal from $63.00 to $67.00 and gave the company a “positive” rating in a report on Wednesday, July 29th. Cantor Fitzgerald upped their price target on shares of PayPal from $54.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. TD Cowen raised their price objective on PayPal from $48.00 to $59.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Loop Capital lowered their target price on PayPal from $62.00 to $50.00 and set a “hold” rating for the company in a research note on Friday, August 28th. Finally, Keefe, Bruyette & Woods increased their target price on PayPal from $55.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Nine investment analysts have rated the stock with a Buy rating, thirty-two have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, PayPal presently has an average rating of “Hold” and an average target price of $56.42.

PayPal Stock Performance

Shares of PayPal stock traded down $0.28 during trading hours on Friday, hitting $57.25. 5,299,028 shares of the company’s stock traded hands, compared to its average volume of 17,247,453. PayPal has a 12-month low of $38.46 and a 12-month high of $79.21. The company has a fifty day simple moving average of $55.81 and a 200-day simple moving average of $50.92. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $48.97 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.28 and a beta of 1.27.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. The firm had revenue of $8.68 billion for the quarter, compared to analysts’ expectations of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.40 EPS. Equities research analysts anticipate that PayPal will post 5.38 EPS for the current fiscal year.

Insider Transactions at PayPal

In other PayPal news, CAO Chris Natali sold 552 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $54.80, for a total transaction of $30,249.60. Following the completion of the transaction, the chief accounting officer owned 2,400 shares of the company’s stock, valued at $131,520. This represents a 18.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $55.72, for a total value of $188,277.88. Following the completion of the sale, the insider owned 30,983 shares of the company’s stock, valued at approximately $1,726,372.76. This trade represents a 9.83% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 14,774 shares of company stock worth $848,095. Company insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On PayPal

A number of hedge funds and other institutional investors have recently made changes to their positions in PYPL. Formidable Asset Management LLC increased its position in PayPal by 0.8% during the 1st quarter. Formidable Asset Management LLC now owns 25,937 shares of the credit services provider’s stock valued at $1,173,000 after purchasing an additional 205 shares during the period. KPP Advisory Services LLC lifted its position in shares of PayPal by 3.3% in the 1st quarter. KPP Advisory Services LLC now owns 6,625 shares of the credit services provider’s stock worth $300,000 after purchasing an additional 214 shares during the period. ACT Wealth Management LLC boosted its stake in shares of PayPal by 1.2% during the 3rd quarter. ACT Wealth Management LLC now owns 17,783 shares of the credit services provider’s stock valued at $934,000 after purchasing an additional 215 shares in the last quarter. Jackson Thornton Wealth Management LLC boosted its stake in shares of PayPal by 3.5% during the 1st quarter. Jackson Thornton Wealth Management LLC now owns 7,110 shares of the credit services provider’s stock valued at $322,000 after purchasing an additional 238 shares in the last quarter. Finally, Earned Wealth Advisors LLC increased its position in shares of PayPal by 2.0% during the first quarter. Earned Wealth Advisors LLC now owns 12,608 shares of the credit services provider’s stock valued at $570,000 after buying an additional 248 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Company Profile

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and businesses to send, receive, and manage money online and through mobile devices. Its services support online checkout, peer-to-peer payments, money transfers, payment processing, invoicing, and other commerce-related transactions.

The company’s portfolio includes the PayPal and Venmo brands, Braintree’s payment processing technology, and Xoom’s international money transfer service. PayPal also offers merchant tools, digital wallets, payment solutions, and consumer financing products through its platform and related services.

PayPal traces its origins to 1998 and became an independent publicly traded company after separating from eBay in 2015.