PayPal (NASDAQ:PYPL) Price Target Raised to $91.00

PayPal (NASDAQ:PYPL) had its target price boosted by Robert W. Baird from $80.00 to $91.00 in a report published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the credit services provider’s stock.

Other analysts also recently issued reports about the company. Susquehanna boosted their price target on PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a research note on Wednesday, July 31st. Wells Fargo & Company boosted their price target on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Sanford C. Bernstein downgraded PayPal from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price target on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Finally, TD Cowen upped their target price on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Seventeen investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.29.

PayPal Stock Down 2.6 %

PYPL stock opened at $77.25 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $77.45 billion, a PE ratio of 18.44, a PEG ratio of 1.40 and a beta of 1.44. PayPal has a 1-year low of $52.55 and a 1-year high of $83.70. The business’s 50 day simple moving average is $76.50 and its 200 day simple moving average is $67.66.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 EPS. As a group, research analysts anticipate that PayPal will post 4.54 EPS for the current year.

Hedge Funds Weigh In On PayPal

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in PayPal by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock worth $501,184,000 after purchasing an additional 276,287 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of PayPal by 28.1% in the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after buying an additional 1,866,925 shares during the period. Primecap Management Co. CA increased its stake in shares of PayPal by 180.7% in the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after buying an additional 3,184,160 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of PayPal by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock valued at $183,789,000 after buying an additional 409,322 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of PayPal by 5.1% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,046,502 shares of the credit services provider’s stock valued at $176,789,000 after buying an additional 146,643 shares during the period. 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.