Deutsche Bank Aktiengesellschaft Raises PayPal (NASDAQ:PYPL) Price Target to $94.00

PayPal (NASDAQ:PYPL) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $74.00 to $94.00 in a research note released on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the credit services provider’s stock.

A number of other equities analysts have also issued reports on PYPL. New Street Research started coverage on PayPal in a report on Friday, May 31st. They issued a buy rating and a $80.00 price objective for the company. Macquarie increased their price target on PayPal from $85.00 to $90.00 and gave the stock an outperform rating in a research note on Wednesday, July 31st. Robert W. Baird raised their price target on PayPal from $77.00 to $80.00 and gave the company an outperform rating in a report on Wednesday, July 31st. StockNews.com downgraded shares of PayPal from a buy rating to a hold rating in a report on Thursday, September 19th. Finally, Monness Crespi & Hardt increased their target price on shares of PayPal from $80.00 to $88.00 and gave the company a buy rating in a research report on Monday, July 29th. Seventeen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, PayPal has a consensus rating of Moderate Buy and a consensus target price of $76.16.

PayPal Trading Up 3.5 %

Shares of NASDAQ PYPL opened at $80.08 on Monday. PayPal has a 12-month low of $50.25 and a 12-month high of $80.43. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock’s 50 day simple moving average is $68.00 and its 200 day simple moving average is $64.82. The company has a market cap of $83.77 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 1.11 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $0.99 by $0.20. The business had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Equities research analysts expect that PayPal will post 4.42 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PYPL. Gryphon Financial Partners LLC lifted its position in shares of PayPal by 36.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 9,659 shares of the credit services provider’s stock worth $593,000 after purchasing an additional 2,569 shares in the last quarter. Franklin Resources Inc. increased its stake in PayPal by 198.4% in the 4th quarter. Franklin Resources Inc. now owns 429,954 shares of the credit services provider’s stock valued at $26,403,000 after buying an additional 285,847 shares during the period. SageView Advisory Group LLC purchased a new stake in PayPal in the 4th quarter worth approximately $294,000. Hsbc Holdings PLC boosted its stake in shares of PayPal by 11.9% during the 4th quarter. Hsbc Holdings PLC now owns 2,891,840 shares of the credit services provider’s stock valued at $177,541,000 after buying an additional 306,613 shares during the period. Finally, Mitchell Sinkler & Starr PA purchased a new position in shares of PayPal during the 4th quarter valued at $244,000. 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.