PayPal (NASDAQ:PYPL) Price Target Raised to $88.00 at Monness Crespi & Hardt

PayPal (NASDAQ:PYPL - Get Free Report) had its price target upped by stock analysts at Monness Crespi & Hardt from $80.00 to $88.00 in a report issued on Monday, MarketBeat Ratings reports. The firm presently has a "buy" rating on the credit services provider's stock. Monness Crespi & Hardt's target price would indicate a potential upside of 31.36% from the stock's current price.

A number of other equities research analysts have also issued reports on PYPL. DZ Bank lowered PayPal from a "buy" rating to a "hold" rating and set a $60.00 price target on the stock. in a research report on Friday, February 9th. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research report on Friday, April 5th. Daiwa Capital Markets cut PayPal from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $64.00 to $62.00 in a research report on Tuesday, February 13th. JMP Securities raised their target price on PayPal from $68.00 to $70.00 and gave the stock a "market outperform" rating in a research report on Wednesday, April 17th. Finally, Susquehanna upped their price target on PayPal from $61.00 to $65.00 and gave the company a "neutral" rating in a report on Wednesday, January 24th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, PayPal presently has a consensus rating of "Hold" and an average target price of $70.72.

PayPal Trading Up 1.6 %

PayPal stock traded up $1.03 during midday trading on Monday, reaching $66.99. 19,053,518 shares of the stock traded hands, compared to its average volume of 16,257,481. The firm has a market cap of $70.52 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.23 and a beta of 1.45. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $62.87 and a two-hundred day simple moving average of $60.19. PayPal has a 12-month low of $50.25 and a 12-month high of $76.54.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.12. The firm had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business's quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 earnings per share. Research analysts expect that PayPal will post 4.02 earnings per share for the current fiscal year.

Insider Buying and Selling at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the firm's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.14% of the company's stock.

Hedge Funds Weigh In On PayPal

Several hedge funds and other institutional investors have recently modified their holdings of PYPL. Louisiana State Employees Retirement System acquired a new stake in shares of PayPal in the 4th quarter valued at $9,267,000. Bartlett & Co. LLC increased its position in shares of PayPal by 8.5% during the 4th quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider's stock worth $594,000 after purchasing an additional 740 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in PayPal by 9.5% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider's stock valued at $53,344,000 after purchasing an additional 73,687 shares during the last quarter. Sunbelt Securities Inc. boosted its position in PayPal by 4.9% in the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider's stock valued at $1,183,000 after buying an additional 942 shares in the last quarter. Finally, Bellecapital International Ltd. grew its stake in PayPal by 2.0% during the fourth quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider's stock worth $1,332,000 after buying an additional 433 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

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.