Barclays Lowers PayPal (NASDAQ:PYPL) Price Target to $80.00

PayPal (NASDAQ:PYPL) had its price objective decreased by Barclays from $110.00 to $80.00 in a research note published on Tuesday, Marketbeat reports. Barclays currently has an overweight rating on the credit services provider’s stock.

Several other research analysts have also issued reports on the stock. Morgan Stanley raised their price target on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. StockNews.com cut shares of PayPal from a “buy” rating to a “hold” rating in a research report on Monday. Macquarie lifted their price objective on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Monness Crespi & Hardt lowered their target price on PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Arete Research set a $81.00 price target on shares of PayPal in a report on Thursday, March 27th. Sixteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average price target of $86.84.

PayPal Trading Up 1.3 %

Shares of NASDAQ PYPL opened at $61.00 on Tuesday. The stock has a market cap of $60.34 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The firm has a 50 day moving average price of $68.53 and a two-hundred day moving average price of $79.28. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal has a 52-week low of $55.85 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the company earned $1.48 EPS. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts forecast that PayPal will post 5.03 EPS for the current year.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Chicago Capital LLC boosted its stake in PayPal by 19.2% during the first quarter. Chicago Capital LLC now owns 43,928 shares of the credit services provider’s stock valued at $2,866,000 after buying an additional 7,075 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in PayPal by 5.6% during the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 168,722 shares of the credit services provider’s stock valued at $11,009,000 after purchasing an additional 8,986 shares during the last quarter. Vivid Wealth Management LLC bought a new position in shares of PayPal in the 1st quarter worth $2,168,000. Grove Bank & Trust lifted its holdings in shares of PayPal by 110.4% during the 1st quarter. Grove Bank & Trust now owns 2,466 shares of the credit services provider’s stock worth $161,000 after acquiring an additional 1,294 shares during the last quarter. Finally, Grimes & Company Inc. increased its stake in PayPal by 1.1% in the first quarter. Grimes & Company Inc. now owns 142,962 shares of the credit services provider’s stock valued at $9,328,000 after acquiring an additional 1,589 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

About PayPal

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.