PayPal (NASDAQ:PYPL) Price Target Cut to $229.00

PayPal (NASDAQ:PYPL) had its target price reduced by Raymond James from $264.00 to $229.00 in a research report sent to investors on Tuesday morning, The Fly reports. Raymond James currently has an outperform rating on the credit services provider’s stock.

Other analysts have also issued reports about the stock. Exane BNP Paribas lowered shares of PayPal from an outperform rating to a neutral rating in a research report on Monday, January 10th. Citigroup decreased their price target on shares of PayPal from $350.00 to $300.00 and set a buy rating on the stock in a research report on Tuesday, November 9th. Royal Bank of Canada decreased their target price on shares of PayPal from $298.00 to $230.00 in a research report on Friday, January 7th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PayPal from $360.00 to $260.00 and set a buy rating on the stock in a research report on Tuesday, November 9th. Finally, Wolfe Research decreased their target price on shares of PayPal from $300.00 to $250.00 and set an outperform rating on the stock in a research report on Monday, December 13th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of Buy and a consensus price target of $269.20.

NASDAQ PYPL opened at $178.42 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $209.63 billion, a price-to-earnings ratio of 42.89, a P/E/G ratio of 2.40 and a beta of 1.16. The company’s fifty day moving average is $192.20 and its two-hundred day moving average is $246.01. PayPal has a 52-week low of $175.40 and a 52-week high of $310.16.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Monday, November 8th. The credit services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.04. The company had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.24 billion. PayPal had a net margin of 20.09% and a return on equity of 19.75%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. As a group, sell-side analysts expect that PayPal will post 3.48 earnings per share for the current fiscal year.

In related news, CEO Daniel H. Schulman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 12th. The shares were sold at an average price of $206.38, for a total transaction of $2,063,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jonathan Auerbach sold 12,314 shares of the business’s stock in a transaction that occurred on Tuesday, November 23rd. The shares were sold at an average price of $187.32, for a total transaction of $2,306,658.48. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 14,097 shares of company stock valued at $2,786,518 and have sold 44,114 shares valued at $8,990,858. Insiders own 0.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caisse DE Depot ET Placement DU Quebec grew its holdings in PayPal by 355.8% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 282,691 shares of the credit services provider’s stock valued at $82,399,000 after purchasing an additional 220,669 shares during the period. Deltec Asset Management LLC grew its holdings in PayPal by 6.5% during the third quarter. Deltec Asset Management LLC now owns 28,385 shares of the credit services provider’s stock valued at $7,386,000 after purchasing an additional 1,735 shares during the period. Thoroughbred Financial Services LLC grew its holdings in PayPal by 6.0% during the third quarter. Thoroughbred Financial Services LLC now owns 17,889 shares of the credit services provider’s stock valued at $4,654,000 after purchasing an additional 1,005 shares during the period. DT Investment Partners LLC acquired a new position in PayPal during the third quarter valued at approximately $804,000. Finally, UMB Bank N A MO boosted its holdings in shares of PayPal by 1.9% in the third quarter. UMB Bank N A MO now owns 57,996 shares of the credit services provider’s stock valued at $15,091,000 after buying an additional 1,064 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

About PayPal

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

Featured Story: What is a Secondary Public Offering?

The Fly logo

Analyst Recommendations for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.