Royal Bank Of Canada Reiterates Outperform Rating for PayPal (NASDAQ:PYPL)

Royal Bank Of Canada reissued their outperform rating on shares of PayPal (NASDAQ:PYPL - Free Report) in a report issued on Thursday,Benzinga reports. They currently have a $88.00 price objective on the credit services provider's stock.

A number of other research analysts also recently issued reports on PYPL. Barclays cut their target price on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Piper Sandler upgraded shares of PayPal to a "neutral" rating and set a $74.00 price objective on the stock in a report on Tuesday. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a research note on Friday, February 28th. Wells Fargo & Company dropped their target price on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, UBS Group cut their price target on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $83.42.

PayPal Price Performance

Shares of NASDAQ PYPL traded up $0.10 during trading on Thursday, reaching $73.17. The company had a trading volume of 10,230,438 shares, compared to its average volume of 10,994,620. PayPal has a 52 week low of $55.85 and a 52 week high of $93.66. The business's 50 day moving average price is $69.66 and its 200-day moving average price is $74.91. The stock has a market cap of $71.16 billion, a PE ratio of 14.88, a PEG ratio of 1.21 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 1.30.

PayPal (NASDAQ:PYPL - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. PayPal's revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. Analysts expect that PayPal will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

In other news, Director Deborah M. Messemer sold 3,795 shares of PayPal stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director now owns 13,976 shares of the company's stock, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the sale, the insider now owns 48,483 shares of the company's stock, valued at $3,550,894.92. This trade represents a 7.91% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,796 shares of company stock worth $863,028. Company insiders own 0.08% of the company's stock.

Institutional Investors Weigh In On PayPal

Several institutional investors have recently made changes to their positions in the stock. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal during the 4th quarter valued at $25,000. Hurley Capital LLC bought a new stake in PayPal during the fourth quarter worth about $27,000. Bernard Wealth Management Corp. acquired a new stake in PayPal during the fourth quarter worth about $34,000. Pinney & Scofield Inc. bought a new position in PayPal in the 4th quarter valued at about $35,000. Finally, Evermay Wealth Management LLC raised its position in shares of 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 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.