PayPal (NASDAQ:PYPL) Price Target Lowered to $76.00 at Piper Sandler

PayPal (NASDAQ:PYPL) had its target price decreased by equities researchers at Piper Sandler from $85.00 to $76.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the credit services provider’s stock. Piper Sandler’s target price would indicate a potential upside of 5.48% from the company’s previous close.

PYPL has been the subject of a number of other reports. BTIG Research reiterated a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Robert W. Baird lowered their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. Finally, UBS Group lifted their price target on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Fourteen equities research 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’s stock. Based on data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and an average price target of $89.97.

PayPal Stock Down 2.7 %

PYPL stock opened at $72.05 on Wednesday. The firm has a market cap of $71.27 billion, a PE ratio of 17.97, a PEG ratio of 1.27 and a beta of 1.44. PayPal has a 1 year low of $56.97 and a 1 year high of $93.66. The company has a fifty day simple moving average of $84.25 and a 200 day simple moving average of $80.96. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period in the previous year, the company earned $1.48 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Sell-side analysts anticipate that PayPal will post 5.03 EPS for the current fiscal year.

Institutional Trading of PayPal

Large investors have recently made changes to their positions in the company. Park Place Capital Corp lifted its holdings in shares of PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock worth $161,000 after purchasing an additional 116 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. JFS Wealth Advisors LLC lifted its holdings in PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 125 shares during the period. Wynn Capital LLC raised its stake in shares of PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after purchasing an additional 130 shares during the period. Finally, Avalon Trust Co raised its position in PayPal by 7.0% in the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after acquiring an additional 135 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

About PayPal

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.