PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.
Analysts Set New Price Targets
Several analysts recently commented on PYPL shares. Cowen decreased their price target on shares of PayPal from $174.00 to $104.00 in a report on Thursday, April 28th. Canaccord Genuity Group dropped their target price on PayPal from $215.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday, April 28th. Keefe, Bruyette & Woods lowered their price target on PayPal from $108.00 to $98.00 in a research note on Monday, July 11th. Morgan Stanley lifted their target price on shares of PayPal from $129.00 to $134.00 and gave the company an "overweight" rating in a research note on Wednesday, August 3rd. Finally, Mizuho decreased their price objective on shares of PayPal from $120.00 to $118.00 and set a "buy" rating for the company in a report on Monday, August 8th. Fifteen analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $138.84.
PayPal Stock Down 2.6 %
Shares of NASDAQ:PYPL opened at $99.42 on Thursday. The company has a fifty day moving average of $81.17 and a 200-day moving average of $94.62. PayPal has a 52-week low of $67.58 and a 52-week high of $296.70. The company has a market capitalization of $114.98 billion, a PE ratio of 57.14, a price-to-earnings-growth ratio of 2.33 and a beta of 1.49. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.23 and a current ratio of 1.23.
Insider Transactions at PayPal
In other news, EVP Peggy Alford sold 21,791 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $97.82, for a total transaction of $2,131,595.62. Following the completion of the sale, the executive vice president now directly owns 18,100 shares in the company, valued at $1,770,542. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.