UBS Group Raises PayPal (NASDAQ:PYPL) Price Target to $71.00

PayPal (NASDAQ:PYPL) had its target price hoisted by UBS Group from $63.00 to $71.00 in a research note issued to investors on Wednesday morning, Benzinga reports. UBS Group currently has a neutral rating on the credit services provider’s stock.

PYPL has been the subject of a number of other reports. Daiwa Capital Markets lowered shares of PayPal from an outperform rating to a neutral rating and lowered their target price for the company from $64.00 to $62.00 in a research note on Tuesday, February 13th. Morgan Stanley reissued an equal weight rating and issued a $66.00 price objective (down from $118.00) on shares of PayPal in a research report on Tuesday, January 9th. DZ Bank lowered shares of PayPal from a buy rating to a hold rating and set a $60.00 target price on the stock. in a research report on Friday, February 9th. Needham & Company LLC reiterated a hold rating on shares of PayPal in a report on Tuesday. Finally, JPMorgan Chase & Co. reduced their price objective on PayPal from $75.00 to $70.00 and set an overweight rating on the stock in a report on Thursday, February 8th. Twenty-five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $72.73.

PayPal Stock Performance

PayPal stock opened at $65.70 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.29. The firm has a market capitalization of $68.73 billion, a P/E ratio of 16.55, a price-to-earnings-growth 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’s 50-day moving average is $63.56 and its 200 day moving average is $60.44.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results 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). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts forecast that PayPal will post 4.07 EPS for the current year.

Insider Transactions at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Pittenger & Anderson Inc. boosted its position in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of PayPal in the 4th quarter valued at $25,000. American National Bank acquired a new stake in shares of PayPal in the first quarter worth $27,000. Sutton Wealth Advisors Inc. raised its holdings in shares of PayPal by 115.0% during the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 237 shares during the last quarter. Finally, Register Financial Advisors LLC acquired a new position in PayPal during the first quarter valued at $30,000. 68.32% of the stock is owned by institutional investors and hedge funds.

About PayPal

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.