PayPal (NASDAQ:PYPL) Price Target Increased to $65.00 by Analysts at BMO Capital Markets

PayPal (NASDAQ:PYPL) had its price objective increased by BMO Capital Markets from $64.00 to $65.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a market perform rating on the credit services provider’s stock.

Other equities analysts have also issued reports about the stock. William Blair reissued an outperform rating on shares of PayPal in a research report on Thursday, February 8th. Daiwa Capital Markets cut shares of PayPal from an outperform rating to a neutral rating and reduced their target price for the stock from $64.00 to $62.00 in a report on Tuesday, February 13th. Monness Crespi & Hardt boosted 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, April 29th. Morgan Stanley reaffirmed an equal weight rating and set a $66.00 price target (down from $118.00) on shares of PayPal in a research report on Tuesday, January 9th. Finally, Robert W. Baird upped their target price on PayPal from $70.00 to $77.00 and gave the stock an outperform rating in a research note on Wednesday. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $72.73.

PayPal Price Performance

NASDAQ PYPL opened at $65.70 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.29. The stock’s fifty day moving average price is $63.69 and its 200 day moving average price is $60.50. PayPal has a 1 year low of $50.25 and a 1 year high of $76.54. The company has a market cap of $68.73 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 1.20 and a beta of 1.41.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 EPS. As a group, equities research analysts forecast that PayPal will post 4.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Frank Keller sold 7,686 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On PayPal

Several institutional investors have recently modified their holdings of the business. Morgan Stanley grew its position in shares of PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after buying an additional 873,181 shares in the last quarter. Norges Bank acquired a new position in PayPal during the 4th quarter worth approximately $749,561,000. Northern Trust Corp increased its position in shares of PayPal by 0.7% in the 3rd quarter. Northern Trust Corp now owns 11,767,054 shares of the credit services provider’s stock valued at $687,902,000 after purchasing an additional 78,105 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of PayPal by 4.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock valued at $428,449,000 after purchasing an additional 265,116 shares in the last quarter. Finally, FMR LLC lifted its position in shares of PayPal by 29.5% during the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock worth $404,367,000 after purchasing an additional 1,575,930 shares during the last quarter. 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.