PayPal (NASDAQ:PYPL) Price Target Raised to $68.00

PayPal (NASDAQ:PYPL) had its price target upped by Mizuho from $60.00 to $68.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a neutral rating on the credit services provider’s stock.

Several other equities research analysts have also recently commented on PYPL. Needham & Company LLC reissued a hold rating on shares of PayPal in a research note on Tuesday, April 30th. StockNews.com raised PayPal from a hold rating to a buy rating in a research note on Friday, April 5th. DZ Bank cut PayPal from a buy rating to a hold rating and set a $60.00 price target for the company. in a research note on Friday, February 9th. JMP Securities boosted their price target on PayPal from $70.00 to $82.00 and gave the company a market outperform rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their price target on PayPal from $75.00 to $70.00 and set an overweight rating for the company in a research note on Thursday, February 8th. Twenty-five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $72.73.

PayPal Trading Down 1.9 %

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. PayPal has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The stock’s 50-day moving average is $63.69 and its two-hundred day moving average is $60.50. The stock has a market cap of $68.73 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.41.

PayPal (NASDAQ:PYPL) last released its 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). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same period last year, the firm earned $0.86 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal will post 4.13 earnings per share for the current fiscal year.

Insider Activity at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PYPL. Cambridge Investment Research Advisors Inc. grew its holdings in shares of PayPal by 5.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 217,041 shares of the credit services provider’s stock worth $12,688,000 after purchasing an additional 11,030 shares during the last quarter. FinTrust Capital Advisors LLC grew its holdings in shares of PayPal by 51.8% during the third quarter. FinTrust Capital Advisors LLC now owns 1,283 shares of the credit services provider’s stock worth $75,000 after purchasing an additional 438 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of PayPal by 5.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 478,411 shares of the credit services provider’s stock worth $27,968,000 after purchasing an additional 24,231 shares during the last quarter. Simon Quick Advisors LLC grew its holdings in shares of PayPal by 15.5% during the third quarter. Simon Quick Advisors LLC now owns 4,183 shares of the credit services provider’s stock worth $245,000 after purchasing an additional 562 shares during the last quarter. Finally, Arlington Trust Co LLC bought a new stake in shares of PayPal during the third quarter worth $58,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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.