PayPal (NASDAQ:PYPL) Given New $95.00 Price Target at Macquarie

PayPal (NASDAQ:PYPL - Get Free Report) had its price objective cut by investment analysts at Macquarie from $117.00 to $95.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "outperform" rating on the credit services provider's stock. Macquarie's target price points to a potential upside of 43.24% from the company's current price.

A number of other brokerages have also commented on PYPL. Arete Research set a $81.00 price target on shares of PayPal in a research note on Thursday, March 27th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods cut their price objective on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, March 31st. Barclays dropped their target price on PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Finally, Susquehanna upped their price target on shares of PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $85.00.

PayPal Stock Up 2.1 %

PayPal stock traded up $1.39 during mid-day trading on Tuesday, hitting $66.32. The company had a trading volume of 19,695,449 shares, compared to its average volume of 11,489,933. PayPal has a 12 month low of $55.85 and a 12 month high of $93.66. The stock's 50 day moving average price is $66.49 and its two-hundred day moving average price is $78.47. The company has a market capitalization of $64.82 billion, a PE ratio of 16.54, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 EPS. As a group, sell-side analysts anticipate that PayPal will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.14% of the company's stock.

Hedge Funds Weigh In On PayPal

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal in the fourth quarter worth $25,000. Rosenberg Matthew Hamilton raised its stake in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after buying an additional 125 shares during the last quarter. Hurley Capital LLC acquired a new position in shares of PayPal in the 4th quarter valued at about $27,000. Garde Capital Inc. purchased a new stake in shares of PayPal in the first quarter worth about $28,000. Finally, Tsfg LLC grew its holdings in PayPal by 81.6% during the first quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after acquiring 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.

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