Paypal (NASDAQ:PYPL) PT Raised to $234.00
Paypal (NASDAQ:PYPL) had its price target lifted by analysts at Deutsche Bank from $183.00 to $234.00 in a research report issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the credit services provider’s stock. Deutsche Bank’s price target suggests a potential upside of 19.35% from the company’s current price.
Several other analysts have also recently weighed in on the stock. Citigroup upped their price objective on shares of Paypal from $186.00 to $218.00 and gave the stock a “buy” rating in a research note on Thursday. Nomura Securities decreased their price objective on shares of Paypal from $139.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Moffett Nathanson reaffirmed a “buy” rating and set a $170.00 price objective on shares of Paypal in a research note on Thursday, May 28th. Daiwa Capital Markets reaffirmed an “outperform” rating and set a $201.00 price objective on shares of Paypal in a research note on Tuesday, July 21st. Finally, Berenberg Bank reaffirmed a “buy” rating and set a $205.00 price objective on shares of Paypal in a research note on Thursday, June 25th. Seven investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $190.13.
NASDAQ PYPL traded up $3.56 on Thursday, reaching $196.07. The company’s stock had a trading volume of 10,865,370 shares, compared to its average volume of 7,571,171. The firm has a market cap of $230.18 billion, a PE ratio of 89.94, a price-to-earnings-growth ratio of 5.42 and a beta of 1.19. The business has a 50-day moving average price of $172.13 and a 200 day moving average price of $133.02. Paypal has a 52 week low of $82.07 and a 52 week high of $198.66. The company has a current ratio of 1.38, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51.
In other Paypal news, CEO Daniel H. Schulman sold 25,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $155.67, for a total value of $3,891,750.00. Following the sale, the chief executive officer now directly owns 546,103 shares in the company, valued at $85,011,854.01. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 75,000 shares of company stock worth $10,562,250. Company insiders own 0.12% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Comerica Bank increased its position in shares of Paypal by 3.6% during the second 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 in the last quarter. Bowie Capital Management LLC bought a new stake in shares of Paypal during the second quarter worth $4,704,000. Dixon Hubard Feinour & Brown Inc. VA increased its position in shares of Paypal by 1.8% during the second quarter. Dixon Hubard Feinour & Brown Inc. VA now owns 5,540 shares of the credit services provider’s stock worth $977,000 after acquiring an additional 100 shares in the last quarter. Lincoln National Corp increased its position in shares of Paypal by 36.8% during the second quarter. Lincoln National Corp now owns 6,112 shares of the credit services provider’s stock worth $1,065,000 after acquiring an additional 1,645 shares in the last quarter. Finally, Leisure Capital Management bought a new stake in shares of Paypal during the second quarter worth $284,000. 82.75% of the stock is owned by institutional investors.
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.
Further Reading: What is the 52-week high/low?
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.