PayPal (NASDAQ:PYPL) Price Target Increased to $71.00 by Analysts at UBS Group

PayPal (NASDAQ:PYPL) had its price objective boosted by UBS Group from $63.00 to $71.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a neutral rating on the credit services provider’s stock.

Several other research firms have also recently issued reports on PYPL. JPMorgan Chase & Co. decreased their price objective on shares of PayPal from $75.00 to $70.00 and set an overweight rating for the company in a research report on Thursday, February 8th. BMO Capital Markets lowered their price objective on PayPal from $65.00 to $60.00 and set a market perform rating for the company in a research report on Thursday, February 8th. Wedbush reiterated an outperform rating and issued a $85.00 price objective on shares of PayPal in a report on Thursday, February 8th. Stephens boosted their target price on PayPal from $70.00 to $75.00 and gave the stock an equal weight rating in a research note on Wednesday. Finally, DZ Bank lowered shares of PayPal from a buy rating to a hold rating and set a $60.00 price target on the stock. in a research note on Friday, February 9th. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $72.73.

PayPal Trading Down 2.6 %

PYPL opened at $66.14 on Wednesday. The business has a fifty day moving average price of $63.39 and a 200 day moving average price of $60.39. 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 12 month low of $50.25 and a 12 month high of $76.54. The stock has a market capitalization of $69.62 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 1.26 and a beta of 1.41.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 earnings per share. Sell-side analysts expect that PayPal will post 4.02 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PYPL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of PayPal during the 4th quarter worth $25,000. Sutton Wealth Advisors Inc. boosted its holdings in PayPal by 115.0% during the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after buying an additional 237 shares in the last quarter. American National Bank acquired a new position in PayPal during the first quarter worth about $27,000. Private Wealth Management Group LLC purchased a new position in PayPal in the fourth quarter valued at about $29,000. Finally, Register Financial Advisors LLC acquired a new stake in shares of PayPal during the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

About PayPal

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.