Sanford C. Bernstein Lowers PayPal (NASDAQ:PYPL) Price Target to $45.00

PayPal (NASDAQ:PYPL) had its price objective cut by stock analysts at Sanford C. Bernstein from $62.00 to $45.00 in a note issued to investors on Monday,MarketScreener reports. The brokerage presently has a “market perform” rating on the credit services provider’s stock. Sanford C. Bernstein’s price objective suggests a potential upside of 12.00% from the stock’s current price.

Other research analysts have also issued reports about the company. President Capital decreased their target price on PayPal from $91.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, November 25th. Daiwa Securities Group cut shares of PayPal from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $77.00 to $61.00 in a report on Tuesday, January 13th. Argus decreased their price objective on shares of PayPal from $87.00 to $65.00 and set a “buy” rating for the company in a research report on Friday. Wells Fargo & Company cut their price target on PayPal from $67.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Stephens lowered their price objective on PayPal from $65.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. Ten analysts have rated the stock with a Buy rating, thirty have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, PayPal has a consensus rating of “Hold” and an average price target of $62.46.

PayPal Trading Up 0.7%

NASDAQ PYPL opened at $40.18 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $36.99 billion, a P/E ratio of 7.47, a PEG ratio of 0.79 and a beta of 1.43. The firm’s 50-day moving average is $57.18 and its two-hundred day moving average is $64.27. PayPal has a 12 month low of $38.88 and a 12 month high of $79.50.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). PayPal had a return on equity of 25.42% and a net margin of 15.77%.The firm had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter last year, the company earned $1.19 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, sell-side analysts anticipate that PayPal will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

In other news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $59.84, for a total transaction of $249,054.08. Following the completion of the transaction, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,854,022.72. This represents a 11.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PYPL. MUFG Securities EMEA plc grew its holdings in shares of PayPal by 100.4% during the second quarter. MUFG Securities EMEA plc now owns 385 shares of the credit services provider’s stock worth $29,000 after buying an additional 87,524 shares in the last quarter. Kelleher Financial Advisors acquired a new position in PayPal in the 3rd quarter valued at $30,000. Cloud Capital Management LLC purchased a new position in shares of PayPal during the 3rd quarter worth $30,000. VSM Wealth Advisory LLC acquired a new stake in shares of PayPal during the second quarter worth $36,000. Finally, Total Investment Management Inc. purchased a new stake in shares of PayPal in the second quarter valued at $38,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

About PayPal

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.