Rothschild & Co Redburn Lowers PayPal (NASDAQ:PYPL) Price Target to $32.00

PayPal (NASDAQ:PYPLGet Free Report) had its price objective dropped by investment analysts at Rothschild & Co Redburn from $50.00 to $32.00 in a report released on Wednesday,MarketScreener reports. The firm presently has a “sell” rating on the credit services provider’s stock. Rothschild & Co Redburn’s price target points to a potential downside of 21.63% from the stock’s previous close.

PYPL has been the topic of a number of other research reports. Canaccord Genuity Group reissued a “hold” rating and set a $42.00 price objective (down previously from $100.00) on shares of PayPal in a report on Wednesday, February 4th. Evercore dropped their price objective on PayPal from $65.00 to $40.00 and set an “in-line” rating for the company in a research note on Tuesday, February 3rd. KGI Securities reduced their target price on PayPal from $85.00 to $80.00 in a research report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of PayPal in a research report on Thursday, January 22nd. Finally, Daiwa Securities Group lowered their price objective on shares of PayPal from $61.00 to $42.00 and set a “neutral” rating on the stock in a research report on Tuesday. Ten analysts have rated the stock with a Buy rating, thirty have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Hold” and an average price target of $61.03.

Check Out Our Latest Report on PYPL

PayPal Price Performance

PYPL opened at $40.83 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $37.59 billion, a P/E ratio of 7.57, a PEG ratio of 0.81 and a beta of 1.43. PayPal has a fifty-two week low of $38.88 and a fifty-two week high of $79.50. The firm has a 50-day moving average of $56.32 and a 200 day moving average of $63.75.

PayPal (NASDAQ:PYPLGet Free Report) last issued its earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.06). PayPal had a net margin of 15.77% and a return on equity of 25.42%. The firm had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. On average, research analysts expect that PayPal will post 5.03 EPS for the current year.

Insider Buying and Selling

In related news, EVP Frank Keller sold 3,478 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $40.20, for a total transaction of $139,815.60. Following the completion of the transaction, the executive vice president directly owned 51,567 shares of the company’s stock, valued at approximately $2,072,993.40. This trade represents a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $59.84, for a total transaction of $249,054.08. Following the completion of the sale, the insider owned 30,983 shares in the company, valued at $1,854,022.72. This represents a 11.84% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.08% of the stock is currently owned by insiders.

Institutional Trading of PayPal

Several large investors have recently made changes to their positions in the company. MCF Advisors LLC grew its stake in shares of PayPal by 129.6% in the 4th quarter. MCF Advisors LLC now owns 3,410 shares of the credit services provider’s stock valued at $199,000 after buying an additional 1,925 shares during the period. Pinebridge Investments LLC acquired a new stake in PayPal in the 4th quarter valued at about $9,546,000. PBU The Pension Fund of Early Childhood & Youth Educators acquired a new stake in PayPal in the fourth quarter valued at approximately $6,724,000. FLC Capital Advisors grew its holdings in PayPal by 10.1% during the 4th quarter. FLC Capital Advisors now owns 3,519 shares of the credit services provider’s stock worth $205,000 after acquiring an additional 322 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. acquired a new position in shares of PayPal during the fourth quarter worth $552,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

PayPal Company Profile

(Get Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

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