PayPal (NASDAQ:PYPL) PT Raised to $122.00 at Citigroup

PayPal (NASDAQ:PYPLGet Rating) had its price target increased by equities research analysts at Citigroup from $120.00 to $122.00 in a report issued on Wednesday, The Fly reports. Citigroup’s price objective would indicate a potential upside of 25.80% from the company’s current price.

PYPL has been the topic of several other research reports. Mizuho reduced their price target on shares of PayPal from $175.00 to $120.00 in a research report on Monday, May 2nd. Susquehanna dropped their price objective on shares of PayPal from $125.00 to $115.00 in a research note on Thursday, April 28th. Canaccord Genuity Group dropped their price objective on shares of PayPal from $215.00 to $160.00 and set a “buy” rating for the company in a research note on Thursday, April 28th. Keefe, Bruyette & Woods dropped their price objective on shares of PayPal from $108.00 to $98.00 in a research note on Monday, July 11th. Finally, Barclays dropped their price objective on shares of PayPal from $200.00 to $125.00 in a research note on Monday, May 2nd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $139.43.

PayPal Trading Down 1.0 %

Shares of PYPL opened at $96.98 on Wednesday. The company’s fifty day moving average is $78.93 and its 200 day moving average is $98.75. PayPal has a fifty-two week low of $67.58 and a fifty-two week high of $296.70. The stock has a market capitalization of $112.31 billion, a PE ratio of 55.74, a P/E/G ratio of 2.04 and a beta of 1.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.19 and a current ratio of 1.19.

Hedge Funds Weigh In On PayPal

Hedge funds have recently modified their holdings of the stock. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of PayPal during the first quarter valued at about $28,000. Curi Wealth Management LLC acquired a new position in shares of PayPal during the fourth quarter valued at about $30,000. Financial Management Professionals Inc. increased its holdings in PayPal by 272.5% in the 2nd quarter. Financial Management Professionals Inc. now owns 447 shares of the credit services provider’s stock worth $31,000 after buying an additional 327 shares during the period. Addison Advisors LLC increased its holdings in PayPal by 100.7% in the 1st quarter. Addison Advisors LLC now owns 279 shares of the credit services provider’s stock worth $32,000 after buying an additional 140 shares during the period. Finally, Disciplined Investments LLC increased its holdings in PayPal by 82.9% in the 1st quarter. Disciplined Investments LLC now owns 311 shares of the credit services provider’s stock worth $36,000 after buying an additional 141 shares during the period. Institutional investors and hedge funds own 75.90% of the company’s stock.

PayPal Company Profile

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PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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