PayPal (NASDAQ:PYPL) Given New $90.00 Price Target at Barclays

PayPal (NASDAQ:PYPL - Get Free Report) had its target price upped by equities research analysts at Barclays from $80.00 to $90.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the credit services provider's stock. Barclays's price objective would indicate a potential upside of 21.34% from the stock's current price.

Several other research analysts have also recently commented on the stock. BMO Capital Markets decreased their target price on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. Bank of America reduced their price target on shares of PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Monness Crespi & Hardt reduced their price target on shares of PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Macquarie reduced their price target on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Finally, Evercore ISI initiated coverage on shares of PayPal in a research note on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $83.13.

PayPal Stock Performance

NASDAQ PYPL traded up $0.31 on Friday, hitting $74.17. The stock had a trading volume of 9,003,130 shares, compared to its average volume of 10,877,545. PayPal has a one year low of $55.85 and a one year high of $93.66. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The stock has a market cap of $72.13 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 1.20 and a beta of 1.45. The company's 50-day moving average is $72.75 and its two-hundred day moving average is $73.30.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The firm had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter in the prior year, the firm earned $1.08 EPS. PayPal's quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts expect that PayPal will post 5.03 earnings per share for the current year.

Insider Activity at PayPal

In related news, EVP Diego Scotti sold 3,839 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president owned 16,989 shares in the company, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the sale, the insider owned 48,483 shares of the company's stock, valued at approximately $3,550,894.92. This trade represents a 7.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,796 shares of company stock worth $863,028. 0.08% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PYPL. Mpwm Advisory Solutions LLC acquired a new position in PayPal in the 4th quarter valued at approximately $25,000. Hurley Capital LLC acquired a new position in PayPal in the 4th quarter valued at approximately $27,000. Evermay Wealth Management LLC increased its stake in PayPal by 726.0% in the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after buying an additional 363 shares during the period. Garde Capital Inc. acquired a new position in PayPal in the 1st quarter valued at approximately $28,000. Finally, Tsfg LLC increased its stake in PayPal by 81.6% in the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds 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.