PayPal (NASDAQ:PYPL) Price Target Lowered to $75.00 at UBS Group

PayPal (NASDAQ:PYPL - Get Free Report) had its price target decreased by analysts at UBS Group from $88.00 to $75.00 in a report released on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the credit services provider's stock. UBS Group's price target points to a potential upside of 16.04% from the company's current price.

A number of other equities analysts have also commented on PYPL. BTIG Research reissued a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Seaport Res Ptn lowered shares of PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Monness Crespi & Hardt reduced their target price on shares of PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, StockNews.com lowered shares of PayPal from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.19.

PayPal Price Performance

Shares of PYPL traded down $1.69 during trading hours on Wednesday, hitting $64.63. The stock had a trading volume of 2,498,121 shares, compared to its average volume of 11,424,604. The stock has a market capitalization of $63.17 billion, a price-to-earnings ratio of 16.13, a P/E/G ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company's fifty day moving average is $66.27 and its two-hundred day moving average is $78.39. PayPal has a 52 week low of $55.85 and a 52 week high of $93.66.

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

Insider Buying and Selling at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On PayPal

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Anchor Investment Management LLC grew its holdings in shares of PayPal by 9.9% during the 3rd quarter. Anchor Investment Management LLC now owns 35,219 shares of the credit services provider's stock valued at $2,748,000 after purchasing an additional 3,175 shares during the last quarter. Boyar Asset Management Inc. bought a new stake in shares of PayPal during the third quarter worth $208,000. World Investment Advisors LLC acquired a new position in shares of PayPal during the third quarter worth $5,296,000. Sfmg LLC bought a new position in shares of PayPal in the 3rd quarter valued at $234,000. Finally, Wilmington Savings Fund Society FSB boosted its holdings in shares of PayPal by 196.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider's stock valued at $798,000 after acquiring an additional 6,772 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

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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