PayPal (NASDAQ:PYPL) Given New $85.00 Price Target at Keefe, Bruyette & Woods

PayPal (NASDAQ:PYPL) had its target price dropped by stock analysts at Keefe, Bruyette & Woods from $104.00 to $85.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 30.47% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. BTIG Research restated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Barclays raised their target price on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Piper Sandler dropped their price target on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Robert W. Baird cut their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, StockNews.com downgraded PayPal from a “buy” rating to a “hold” rating in a research note on Saturday. Sixteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.40.

PayPal Stock Down 5.4 %

Shares of NASDAQ:PYPL opened at $65.15 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a fifty day simple moving average of $76.28 and a two-hundred day simple moving average of $80.90. PayPal has a 12-month low of $56.97 and a 12-month high of $93.66. The stock has a market capitalization of $64.45 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.48 EPS. On average, research analysts anticipate that PayPal will post 5.03 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PayPal

Several hedge funds have recently bought and sold shares of PYPL. Mascagni Wealth Management Inc. purchased a new stake in shares of PayPal during the fourth quarter valued at $47,000. 111 Capital bought a new position in PayPal in the fourth quarter worth approximately $2,916,000. Wealth Enhancement Advisory Services LLC increased its holdings in PayPal by 62.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 119,207 shares of the credit services provider’s stock worth $10,174,000 after purchasing an additional 45,670 shares during the period. NorthCrest Asset Manangement LLC raised its position in PayPal by 0.5% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 114,630 shares of the credit services provider’s stock valued at $9,784,000 after purchasing an additional 583 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new stake in shares of PayPal in the 4th quarter worth $27,676,000. Institutional investors own 68.32% of the company’s stock.

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.