Paypal (NASDAQ:PYPL) had its price target hoisted by analysts at SunTrust Banks from $140.00 to $215.00 in a note issued to investors on Thursday, The Fly reports. The firm currently has a “hold” rating on the credit services provider’s stock. SunTrust Banks’ price objective points to a potential upside of 9.65% from the company’s previous close.

A number of other brokerages also recently issued reports on PYPL. Berenberg Bank reaffirmed a “buy” rating and set a $205.00 price target on shares of Paypal in a report on Thursday, June 25th. Bank of America lifted their price target on Paypal from $194.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, July 13th. BTIG Research reissued a “hold” rating on shares of Paypal in a report on Wednesday. Citigroup boosted their target price on Paypal from $186.00 to $218.00 and gave the company a “buy” rating in a report on Thursday. Finally, Credit Suisse Group boosted their target price on Paypal from $140.00 to $190.00 and gave the company an “outperform” rating in a report on Monday, June 22nd. Seven investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Paypal presently has an average rating of “Buy” and an average target price of $190.13.

NASDAQ PYPL traded up $3.56 during trading on Thursday, reaching $196.07. 10,865,370 shares of the company’s stock were exchanged, compared to its average volume of 7,571,171. The stock has a market cap of $230.18 billion, a P/E ratio of 89.94, a price-to-earnings-growth ratio of 5.42 and a beta of 1.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.39 and a current ratio of 1.38. The company has a 50 day moving average price of $172.13 and a two-hundred day moving average price of $133.02. Paypal has a 1 year low of $82.07 and a 1 year high of $198.66.

Paypal (NASDAQ:PYPL) last announced its quarterly earnings results on Wednesday, July 29th. The credit services provider reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.46. The company had revenue of $5.26 billion during the quarter, compared to the consensus estimate of $4.99 billion. Paypal had a return on equity of 16.17% and a net margin of 13.44%. Paypal’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. Research analysts forecast that Paypal will post 2.38 EPS for the current fiscal year.

In related news, CEO Daniel H. Schulman sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $144.15, for a total value of $3,603,750.00. Following the sale, the chief executive officer now owns 569,603 shares in the company, valued at approximately $82,108,272.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 75,000 shares of company stock worth $10,562,250. Insiders own 0.12% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank grew its holdings in shares of Paypal by 3.6% in the 2nd quarter. Comerica Bank now owns 299,456 shares of the credit services provider’s stock worth $53,429,000 after acquiring an additional 10,354 shares during the period. Bowie Capital Management LLC purchased a new stake in Paypal in the 2nd quarter valued at approximately $4,704,000. Dixon Hubard Feinour & Brown Inc. VA lifted its stake in Paypal by 1.8% in the 2nd quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 5,540 shares of the credit services provider’s stock valued at $977,000 after buying an additional 100 shares in the last quarter. Lincoln National Corp lifted its stake in Paypal by 36.8% in the 2nd quarter. Lincoln National Corp now owns 6,112 shares of the credit services provider’s stock valued at $1,065,000 after buying an additional 1,645 shares in the last quarter. Finally, Leisure Capital Management purchased a new stake in Paypal in the 2nd quarter valued at approximately $284,000. Institutional investors and hedge funds own 82.75% of the company’s stock.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Analyst Recommendations for Paypal (NASDAQ:PYPL)

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