TD Cowen Raises PayPal (NASDAQ:PYPL) Price Target to $68.00

PayPal (NASDAQ:PYPL) had its price target increased by TD Cowen from $58.00 to $68.00 in a report released on Wednesday morning, Benzinga reports. They currently have a hold rating on the credit services provider’s stock.

A number of other analysts have also commented on the stock. Stephens upped their price objective on shares of PayPal from $70.00 to $75.00 and gave the company an equal weight rating in a research note on Wednesday. Mizuho upped their price target on shares of PayPal from $60.00 to $68.00 and gave the company a neutral rating in a research report on Wednesday. Daiwa Capital Markets lowered shares of PayPal from an outperform rating to a neutral rating and decreased their price objective for the stock from $64.00 to $62.00 in a research note on Tuesday, February 13th. DZ Bank downgraded shares of PayPal from a buy rating to a hold rating and set a $60.00 target price on the stock. in a research note on Friday, February 9th. Finally, Citigroup decreased their target price on PayPal from $76.00 to $73.00 and set a buy rating for the company in a research report on Thursday, February 8th. Twenty-five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal has a consensus rating of Hold and an average target price of $72.73.

PayPal Trading Down 1.9 %

Shares of NASDAQ:PYPL opened at $65.70 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.29 and a current ratio of 1.28. The stock has a market capitalization of $68.73 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 1.22 and a beta of 1.41. PayPal has a 1-year low of $50.25 and a 1-year high of $76.54. The company has a 50 day moving average price of $63.56 and a 200 day moving average price of $60.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The company had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 earnings per share. On average, research analysts anticipate that PayPal will post 4.07 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

Institutional Trading of PayPal

Several hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. raised its stake in PayPal by 5.4% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 217,041 shares of the credit services provider’s stock valued at $12,688,000 after purchasing an additional 11,030 shares during the last quarter. FinTrust Capital Advisors LLC raised its position in shares of PayPal by 51.8% during the third quarter. FinTrust Capital Advisors LLC now owns 1,283 shares of the credit services provider’s stock valued at $75,000 after buying an additional 438 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of PayPal by 5.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 478,411 shares of the credit services provider’s stock valued at $27,968,000 after buying an additional 24,231 shares during the period. Simon Quick Advisors LLC grew its position in PayPal by 15.5% during the third quarter. Simon Quick Advisors LLC now owns 4,183 shares of the credit services provider’s stock worth $245,000 after buying an additional 562 shares in the last quarter. Finally, Arlington Trust Co LLC acquired a new stake in PayPal during the third quarter worth about $58,000. 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.