PayPal (NASDAQ:PYPL) PT Raised to $85.00

PayPal (NASDAQ:PYPL) had its price objective upped by Stephens from $75.00 to $85.00 in a report published on Friday, Benzinga reports. They currently have an equal weight rating on the credit services provider’s stock.

A number of other analysts also recently weighed in on PYPL. Argus upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $78.00 target price on shares of PayPal in a research report on Wednesday, September 18th. Royal Bank of Canada restated an “outperform” rating and set a $84.00 price objective on shares of PayPal in a research report on Wednesday, July 31st. The Goldman Sachs Group upped their price objective on PayPal from $69.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, Evercore ISI upped their price objective on PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Sixteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.03.

PayPal Stock Performance

PYPL opened at $80.56 on Friday. The business has a fifty day simple moving average of $74.50 and a 200 day simple moving average of $66.74. The company has a market capitalization of $84.27 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.47 and a beta of 1.44. PayPal has a 1 year low of $50.25 and a 1 year high of $82.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.83 EPS. Research analysts expect that PayPal will post 4.42 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. Pittenger & Anderson Inc. boosted its holdings in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares in the last quarter. American National Bank bought a new position in shares of PayPal in the first quarter valued at approximately $27,000. Family Firm Inc. bought a new position in shares of PayPal in the second quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC lifted its holdings in shares of PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares in the last quarter. Finally, Register Financial Advisors LLC bought a new position in shares of PayPal in the first quarter valued at approximately $30,000. Institutional investors own 68.32% of the company’s stock.

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.