PayPal (NASDAQ:PYPL – Get Rating) had its target price boosted by JMP Securities from $100.00 to $120.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a market outperform rating on the credit services provider’s stock.
Several other research analysts have also recently issued reports on the stock. Credit Suisse Group increased their price objective on shares of PayPal from $95.00 to $110.00 and gave the company an outperform rating in a report on Wednesday. Oppenheimer decreased their price objective on shares of PayPal from $173.00 to $118.00 in a report on Thursday, April 28th. William Blair reiterated an outperform rating on shares of PayPal in a report on Wednesday, April 27th. DA Davidson decreased their price objective on shares of PayPal from $131.00 to $120.00 in a report on Monday, August 1st. Finally, Canaccord Genuity Group cut their target price on shares of PayPal from $215.00 to $160.00 and set a buy rating for the company in a research note on Thursday, April 28th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $139.43.
PayPal Trading Down 1.7 %
PayPal stock opened at $95.32 on Wednesday. The firm has a 50 day simple moving average of $79.13 and a 200-day simple moving average of $98.21. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market capitalization of $110.38 billion, a PE ratio of 54.78, a price-to-earnings-growth ratio of 2.23 and a beta of 1.49. PayPal has a 12-month low of $67.58 and a 12-month high of $296.70.
Insider Transactions at PayPal
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Curi Wealth Management LLC acquired a new position in shares of PayPal during the 4th quarter worth $30,000. Intelligent Financial Strategies acquired a new position in PayPal in the 4th quarter valued at $37,000. AHL Investment Management Inc. acquired a new position in PayPal in the 4th quarter valued at $42,000. Cassady Schiller Wealth Management LLC acquired a new position in PayPal in the 4th quarter valued at $44,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in PayPal in the 1st quarter valued at $28,000. Institutional investors and hedge funds own 75.90% of the company’s stock.
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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