PayPal (NASDAQ:PYPL) Price Target Raised to $134.00

PayPal (NASDAQ:PYPLGet Rating) had its target price lifted by Morgan Stanley from $129.00 to $134.00 in a research report sent to investors on Wednesday, Benzinga reports. Morgan Stanley currently has an overweight rating on the credit services provider’s stock.

PYPL has been the topic of a number of other reports. Truist Financial raised their price target on PayPal from $80.00 to $108.00 and gave the company a hold rating in a report on Wednesday. KeyCorp raised their price target on PayPal from $100.00 to $115.00 and gave the company an overweight rating in a report on Wednesday. Keefe, Bruyette & Woods lowered their price target on PayPal from $108.00 to $98.00 in a report on Monday, July 11th. Cowen lowered their price target on PayPal from $174.00 to $104.00 in a report on Thursday, April 28th. Finally, Wells Fargo & Company lowered their price target on PayPal from $115.00 to $97.00 and set an overweight rating on the stock in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $139.43.

PayPal Price Performance

Shares of PYPL opened at $95.32 on Wednesday. The firm has a market capitalization of $110.38 billion, a price-to-earnings ratio of 54.78, a price-to-earnings-growth ratio of 2.23 and a beta of 1.49. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.19 and a current ratio of 1.23. PayPal has a one year low of $67.58 and a one year high of $296.70. The stock’s fifty day moving average is $79.13 and its 200-day moving average is $98.21.

Insiders Place Their Bets

In other PayPal news, EVP Peggy Alford sold 21,791 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $97.82, for a total transaction of $2,131,595.62. Following the completion of the sale, the executive vice president now directly owns 18,100 shares in the company, valued at approximately $1,770,542. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On PayPal

A number of institutional investors have recently bought and sold shares of PYPL. Meridian Wealth Management LLC raised its stake in shares of PayPal by 10.5% during the 2nd quarter. Meridian Wealth Management LLC now owns 18,087 shares of the credit services provider’s stock worth $1,263,000 after purchasing an additional 1,721 shares in the last quarter. Wealth Advisory Solutions LLC raised its stake in shares of PayPal by 78.2% during the 2nd quarter. Wealth Advisory Solutions LLC now owns 58,318 shares of the credit services provider’s stock worth $4,073,000 after purchasing an additional 25,595 shares in the last quarter. Tamar Securities LLC raised its stake in shares of PayPal by 6.2% during the 2nd quarter. Tamar Securities LLC now owns 74,707 shares of the credit services provider’s stock worth $5,218,000 after purchasing an additional 4,390 shares in the last quarter. M. Kulyk & Associates LLC raised its stake in shares of PayPal by 27.7% during the 2nd quarter. M. Kulyk & Associates LLC now owns 3,160 shares of the credit services provider’s stock worth $221,000 after purchasing an additional 685 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its stake in shares of PayPal by 17.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 256,149 shares of the credit services provider’s stock worth $17,889,000 after purchasing an additional 38,318 shares in the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

PayPal Company Profile

(Get Rating)

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.

See Also

Analyst Recommendations for PayPal (NASDAQ:PYPL)

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