PayPal (NASDAQ:PYPL - Get Free Report)'s stock had its "buy" rating reissued by Canaccord Genuity Group in a report issued on Wednesday,Benzinga reports. They presently have a $96.00 target price on the credit services provider's stock. Canaccord Genuity Group's target price points to a potential upside of 37.71% from the company's current price.
Other equities analysts also recently issued reports about the stock. BMO Capital Markets reaffirmed a "market perform" rating on shares of PayPal in a research note on Tuesday. JMP Securities reduced their target price on shares of PayPal from $110.00 to $100.00 and set a "market outperform" rating on the stock in a research note on Wednesday. Seaport Res Ptn raised shares of PayPal from a "strong sell" rating to a "hold" rating in a research note on Monday, July 14th. Piper Sandler set a $74.00 target price on shares of PayPal in a research note on Tuesday. Finally, Wall Street Zen upgraded PayPal from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PayPal presently has an average rating of "Hold" and an average target price of $84.10.
Get Our Latest Stock Analysis on PayPal
PayPal Stock Performance
Shares of PayPal stock traded down $1.74 during midday trading on Wednesday, hitting $69.71. The company had a trading volume of 20,738,048 shares, compared to its average volume of 11,211,571. The stock has a market cap of $67.80 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.29 and a beta of 1.45. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. PayPal has a 12-month low of $55.85 and a 12-month high of $93.66. The company has a fifty day simple moving average of $73.29 and a 200 day simple moving average of $72.68.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.10. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The firm had revenue of $8.29 billion during the quarter, compared to analysts' expectations of $8.08 billion. During the same period last year, the business posted $1.19 earnings per share. As a group, analysts predict that PayPal will post 5.03 earnings per share for the current fiscal year.
Insider Buying and Selling at PayPal
In other PayPal news, EVP Diego Scotti sold 3,839 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the completion of the transaction, the executive vice president directly owned 16,989 shares of the company's stock, valued at $1,244,274.36. This represents a 18.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the transaction, the director directly owned 13,976 shares of the company's stock, valued at approximately $1,020,248. The trade was a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock valued at $863,028 over the last three months. 0.08% of the stock is owned by company insiders.
Institutional Investors Weigh In On PayPal
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of PayPal by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 86,221,849 shares of the credit services provider's stock worth $5,625,976,000 after purchasing an additional 276,339 shares during the last quarter. Geode Capital Management LLC grew its position in shares of PayPal by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock valued at $1,849,884,000 after buying an additional 271,836 shares during the last quarter. FMR LLC grew its position in shares of PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after buying an additional 2,161,582 shares during the last quarter. Capital Research Global Investors grew its position in shares of PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after buying an additional 9,313,783 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of PayPal by 19.1% during the 1st quarter. Deutsche Bank AG now owns 11,238,218 shares of the credit services provider's stock valued at $733,294,000 after buying an additional 1,798,330 shares during the last quarter. Institutional investors own 68.32% of the company's stock.
About PayPal
(
Get Free Report)
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.
Further Reading
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