PayPal (NASDAQ:PYPL) PT Raised to $73.00 at BMO Capital Markets

PayPal (NASDAQ:PYPL) had its price target boosted by BMO Capital Markets from $72.00 to $73.00 in a report issued on Thursday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the credit services provider’s stock.

A number of other research analysts also recently issued reports on the company. Jefferies Financial Group decreased their price target on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. William Blair raised shares of PayPal to a hold rating in a report on Tuesday, July 30th. Canaccord Genuity Group reaffirmed a buy rating and issued a $80.00 price objective on shares of PayPal in a report on Wednesday, July 31st. Sanford C. Bernstein raised shares of PayPal from a market perform rating to an outperform rating and increased their target price for the stock from $71.00 to $78.00 in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lifted their price target on PayPal from $77.00 to $80.00 and gave the company an overweight rating in a research note on Tuesday, August 20th. Seventeen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $76.41.

PayPal Stock Up 2.7 %

NASDAQ:PYPL opened at $79.36 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The company’s fifty day moving average price is $70.69 and its 200-day moving average price is $65.61. PayPal has a 1-year low of $50.25 and a 1-year high of $80.63. The firm has a market capitalization of $81.13 billion, a P/E ratio of 19.99, a PEG ratio of 1.41 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 22.82% and a net margin of 14.30%. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. As a group, equities research analysts anticipate that PayPal will post 4.42 EPS for the current year.

Institutional Trading of PayPal

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pittenger & Anderson Inc. increased its stake in PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares during the last quarter. American National Bank purchased a new stake in PayPal in the 1st quarter valued at about $27,000. Family Firm Inc. purchased a new stake in PayPal in the 2nd quarter valued at about $29,000. SYSTM Wealth Solutions LLC lifted its position in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the last quarter. Finally, Register Financial Advisors LLC purchased a new position in PayPal during the first quarter worth about $30,000. Institutional investors and hedge funds 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.