Keefe, Bruyette & Woods Cuts PayPal (NASDAQ:PYPL) Price Target to $85.00

PayPal (NASDAQ:PYPL) had its target price decreased by Keefe, Bruyette & Woods from $104.00 to $85.00 in a research report released on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the credit services provider’s stock.

Other analysts have also issued research reports about the stock. StockNews.com lowered shares of PayPal from a “buy” rating to a “hold” rating in a research note on Saturday, March 29th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Piper Sandler cut their target price on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Barclays increased their price target on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Finally, Robert W. Baird cut their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Sixteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and an average price target of $89.40.

PayPal Trading Up 1.6 %

PYPL opened at $67.15 on Monday. The firm has a market capitalization of $66.43 billion, a PE ratio of 16.75, a P/E/G ratio of 1.27 and a beta of 1.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company’s 50-day moving average is $74.82 and its 200 day moving average is $80.74.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter last year, the company earned $1.48 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, research analysts predict that PayPal will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PayPal

A number of large investors have recently added to or reduced their stakes in PYPL. Park Place Capital Corp grew its stake in shares of PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after buying an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares during the period. JFS Wealth Advisors LLC boosted its holdings in PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 125 shares during the period. Wynn Capital LLC grew its position in PayPal by 1.1% during the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after acquiring an additional 130 shares during the last quarter. Finally, Avalon Trust Co increased its stake in PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after purchasing an additional 135 shares during the period. Hedge funds and other 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.