PayPal (NASDAQ:PYPL) PT Lowered to $85.00

PayPal (NASDAQ:PYPLGet Rating) had its price target dropped by equities research analysts at Jefferies Financial Group from $90.00 to $85.00 in a research note issued on Wednesday, The Fly reports. The brokerage presently has a “hold” rating on the credit services provider’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 10.75% from the company’s current price. Jefferies Financial Group also issued estimates for PayPal’s FY2022 earnings at $3.11 EPS.

Several other research firms also recently commented on PYPL. Stephens dropped their price objective on PayPal from $105.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, November 4th. Wells Fargo & Company dropped their price objective on PayPal from $120.00 to $95.00 and set an “overweight” rating on the stock in a research note on Friday, November 4th. Morgan Stanley upped their price objective on PayPal from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, November 4th. The Goldman Sachs Group dropped their price objective on PayPal from $127.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. Finally, BMO Capital Markets dropped their price objective on PayPal from $137.00 to $109.00 and set an “outperform” rating on the stock in a research note on Monday, November 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $122.31.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $76.75 on Wednesday. PayPal has a twelve month low of $66.39 and a twelve month high of $179.88. The stock’s 50 day moving average price is $76.41 and its 200-day moving average price is $83.62. The company has a market capitalization of $87.50 billion, a PE ratio of 38.96, a PEG ratio of 1.31 and a beta of 1.31. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.51.

PayPal (NASDAQ:PYPLGet Rating) last announced its earnings results on Thursday, November 3rd. The credit services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. PayPal had a return on equity of 16.85% and a net margin of 8.50%. The firm had revenue of $6.85 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the previous year, the business earned $0.90 EPS. The company’s revenue was up 10.7% compared to the same quarter last year. On average, equities analysts anticipate that PayPal will post 3.14 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. ICICI Prudential Asset Management Co Ltd increased its stake in PayPal by 3.1% in the second quarter. ICICI Prudential Asset Management Co Ltd now owns 3,454 shares of the credit services provider’s stock valued at $247,000 after acquiring an additional 105 shares during the last quarter. Nvwm LLC grew its stake in shares of PayPal by 1.1% during the second quarter. Nvwm LLC now owns 9,654 shares of the credit services provider’s stock valued at $674,000 after buying an additional 106 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of PayPal by 19.0% during the second quarter. Larson Financial Group LLC now owns 702 shares of the credit services provider’s stock valued at $49,000 after buying an additional 112 shares during the last quarter. Axxcess Wealth Management LLC grew its stake in shares of PayPal by 1.7% during the second quarter. Axxcess Wealth Management LLC now owns 6,945 shares of the credit services provider’s stock valued at $485,000 after buying an additional 114 shares during the last quarter. Finally, Sage Private Wealth Group LLC grew its stake in shares of PayPal by 14.0% during the second quarter. Sage Private Wealth Group LLC now owns 951 shares of the credit services provider’s stock valued at $66,000 after buying an additional 117 shares during the last quarter. Institutional investors own 72.12% of the company’s stock.

About PayPal

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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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