PayPal (NASDAQ:PYPL) Price Target Raised to $117.00

PayPal (NASDAQ:PYPL) had its price objective increased by Macquarie from $115.00 to $117.00 in a report released on Monday,Benzinga reports. Macquarie currently has an outperform rating on the credit services provider’s stock.

Several other brokerages also recently commented on PYPL. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price target on shares of PayPal in a research report on Thursday, December 12th. Stephens lifted their price target on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Citigroup lifted their price target on PayPal from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Finally, Mizuho lifted their price objective on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Thirteen investment 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.52.

PayPal Stock Up 0.1 %

Shares of PYPL stock opened at $76.27 on Monday. The stock’s 50 day simple moving average is $87.17 and its 200 day simple moving average is $80.06. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. PayPal has a twelve month low of $56.97 and a twelve month high of $93.66. The company has a market capitalization of $75.45 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping 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 return on equity of 23.67% and a net margin of 13.04%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 EPS. As a group, research analysts predict that PayPal will post 5.03 EPS for the current year.

Hedge Funds Weigh In On PayPal

Institutional investors and hedge funds have recently bought and sold shares of the business. Relyea Zuckerberg Hanson LLC boosted its stake in PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after purchasing an additional 3,976 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of PayPal during the third quarter worth $387,435,000. United Advisor Group LLC bought a new stake in shares of PayPal during the third quarter worth $810,000. FCG Investment Co bought a new stake in shares of PayPal during the third quarter worth $1,079,000. Finally, Equity Investment Corp raised its position in shares of PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after acquiring an additional 67,497 shares during the last quarter. Institutional investors and hedge funds 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.