PayPal (NASDAQ:PYPL – Get Free Report) had its target price hoisted by Citigroup from $42.00 to $48.00 in a research note issued on Wednesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the credit services provider’s stock. Citigroup’s price objective points to a potential upside of 6.98% from the stock’s previous close.
Several other brokerages have also issued reports on PYPL. Stephens cut their price objective on shares of PayPal from $65.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Tuesday, February 3rd. Robert W. Baird set a $52.00 price objective on PayPal in a research note on Wednesday, February 4th. Truist Financial dropped their price objective on PayPal from $58.00 to $39.00 and set a “sell” rating on the stock in a research report on Tuesday, February 10th. Finally, Wells Fargo & Company cut their target price on PayPal from $67.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, thirty-one have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $57.41.
Read Our Latest Research Report on PYPL
PayPal Stock Performance
PayPal (NASDAQ:PYPL – Get Free Report) last posted its 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 net margin of 15.77% and a return on equity of 25.42%. The business had revenue of $8.68 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same period last year, the business posted $1.19 EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts forecast that PayPal will post 5.03 EPS for the current fiscal year.
Insider Activity at PayPal
In other PayPal news, CAO Chris Natali sold 2,208 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $44.73, for a total value of $98,763.84. Following the completion of the sale, the chief accounting officer directly owned 1,140 shares in the company, valued at approximately $50,992.20. This trade represents a 65.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 37,613 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $41.49, for a total value of $1,560,563.37. Following the completion of the sale, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,285,484.67. This represents a 54.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 87,608 shares of company stock valued at $3,831,535 in the last ninety days. Corporate insiders own 0.08% of the company’s stock.
Institutional Trading of PayPal
Several large investors have recently bought and sold shares of the stock. National Pension Service raised its position in PayPal by 1.8% during the 3rd quarter. National Pension Service now owns 2,855,897 shares of the credit services provider’s stock worth $191,516,000 after buying an additional 51,268 shares during the last quarter. Merit Financial Group LLC boosted its holdings in shares of PayPal by 15.5% in the 3rd quarter. Merit Financial Group LLC now owns 164,901 shares of the credit services provider’s stock valued at $11,058,000 after acquiring an additional 22,139 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of PayPal by 7.9% in the third quarter. Nordea Investment Management AB now owns 4,292,583 shares of the credit services provider’s stock worth $291,338,000 after acquiring an additional 313,180 shares during the period. Rakuten Investment Management Inc. acquired a new stake in shares of PayPal in the third quarter worth $13,210,000. Finally, Ariose Capital Management Ltd raised its holdings in shares of PayPal by 347.0% during the third quarter. Ariose Capital Management Ltd now owns 193,100 shares of the credit services provider’s stock worth $12,949,000 after purchasing an additional 149,898 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.
PayPal News Summary
Here are the key news stories impacting PayPal this week:
- Neutral Sentiment: Analysis piece weighing whether PYPL at ~US$44 is a bargain or a value trap — highlights the stock’s multi-period declines and asks what the current price implies for business prospects. Is It Time To Reassess PayPal (PYPL) After Its Prolonged Share Price Slump?
- Neutral Sentiment: Market summaries noting PYPL’s recent trading weakness relative to the broader market — useful for short-term price context but not new company-specific information. Paypal (PYPL) Stock Sinks As Market Gains: What You Should Know
- Neutral Sentiment: Contrarian/buy-the-dip pieces continue to circulate in the market commentary universe; they may support longer-term buyers but haven’t offset near-term operational/legal concerns. Market Crash: 2 Stocks I’d Buy Without Hesitation
- Negative Sentiment: PayPal disclosed a cybersecurity incident involving unauthorized transactions on some customer accounts; the company issued refunds. That raises short-term operational costs, customer-trust risk and potential regulatory/insurance exposure — a likely driver of investor concern. PayPal Cybersecurity Incident Tests Platform Resilience And Investor Valuation Case
- Negative Sentiment: A cluster of securities-class-action filings and multiple law-firm deadline alerts (lead-plaintiff motions due April 20) have been circulated this week, increasing legal overhang and the prospect of costly litigation or settlements. These notices amplify downside risk and can pressure sentiment until resolved. INVESTOR ALERT: Pomerantz Law Firm Reminds Investors … Class Action Lawsuit – PYPL
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.
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