PayPal (NASDAQ:PYPL) Price Target Cut to $125.00 by Analysts at Barclays

PayPal (NASDAQ:PYPLGet Rating) had its price objective lowered by Barclays from $131.00 to $125.00 in a research note published on Monday morning, The Fly reports. The firm currently has an overweight rating on the credit services provider’s stock.

Other research analysts have also issued research reports about the stock. JPMorgan Chase & Co. cut their price target on shares of PayPal from $127.00 to $112.00 in a report on Wednesday, July 20th. Royal Bank of Canada raised their price target on shares of PayPal from $92.00 to $118.00 and gave the company an outperform rating in a report on Wednesday, August 3rd. KeyCorp raised their price target on shares of PayPal from $100.00 to $115.00 and gave the company an overweight rating in a report on Wednesday, August 3rd. UBS Group cut their price target on shares of PayPal from $143.00 to $136.00 and set a buy rating on the stock in a report on Wednesday, August 3rd. Finally, Daiwa Capital Markets upgraded shares of PayPal from a neutral rating to an outperform rating and raised their price target for the company from $85.00 to $116.00 in a report on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $137.40.

PayPal Trading Up 1.5 %

Shares of PYPL stock opened at $97.65 on Monday. The firm has a market cap of $112.93 billion, a P/E ratio of 56.12, a PEG ratio of 2.06 and a beta of 1.45. PayPal has a 1-year low of $67.58 and a 1-year high of $287.19. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 1.23. The firm’s 50-day simple moving average is $88.47 and its 200-day simple moving average is $90.98.

PayPal (NASDAQ:PYPLGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The credit services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.11. The business had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.76 billion. PayPal had a net margin of 7.79% and a return on equity of 16.79%. As a group, equities analysts forecast that PayPal will post 2.88 EPS for the current year.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Peggy Alford sold 21,791 shares of the firm’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $97.82, for a total value of $2,131,595.62. Following the sale, the executive vice president now directly owns 18,100 shares in the company, valued at $1,770,542. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PayPal

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wiley BROS. Aintree Capital LLC raised its stake in shares of PayPal by 1.9% during the first quarter. Wiley BROS. Aintree Capital LLC now owns 4,892 shares of the credit services provider’s stock valued at $566,000 after purchasing an additional 90 shares in the last quarter. Shay Capital LLC raised its stake in shares of PayPal by 2.2% during the fourth quarter. Shay Capital LLC now owns 4,520 shares of the credit services provider’s stock valued at $852,000 after purchasing an additional 98 shares in the last quarter. Auxier Asset Management raised its stake in shares of PayPal by 6.4% during the fourth quarter. Auxier Asset Management now owns 1,667 shares of the credit services provider’s stock valued at $314,000 after purchasing an additional 100 shares in the last quarter. Front Row Advisors LLC raised its stake in shares of PayPal by 7.5% during the fourth quarter. Front Row Advisors LLC now owns 1,441 shares of the credit services provider’s stock valued at $272,000 after purchasing an additional 100 shares in the last quarter. Finally, First Command Bank grew its holdings in PayPal by 5.2% during the first quarter. First Command Bank now owns 2,023 shares of the credit services provider’s stock worth $234,000 after acquiring an additional 100 shares during the period. 70.67% of the stock is currently owned by institutional investors.

PayPal Company Profile

(Get Rating)

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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