PayPal (NASDAQ:PYPL) PT Raised to $92.00 at Barclays

PayPal (NASDAQ:PYPL) had its target price upped by Barclays from $85.00 to $92.00 in a research report released on Friday, Benzinga reports. Barclays currently has an overweight rating on the credit services provider’s stock.

Other equities analysts also recently issued research reports about the company. Jefferies Financial Group dropped their price target on PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. Sanford C. Bernstein upgraded PayPal from a market perform rating to an outperform rating and raised their price objective for the stock from $71.00 to $78.00 in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price objective on PayPal from $74.00 to $94.00 and gave the stock a buy rating in a report on Monday, September 23rd. Evercore ISI lifted their target price on PayPal from $65.00 to $70.00 and gave the company an in-line rating in a report on Tuesday, June 25th. Finally, StockNews.com cut PayPal from a buy rating to a hold rating in a report on Thursday, September 19th. Seventeen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal presently has an average rating of Moderate Buy and an average price target of $76.38.

PayPal Stock Performance

NASDAQ PYPL opened at $78.03 on Friday. PayPal has a 1-year low of $50.25 and a 1-year high of $80.63. The company has a market capitalization of $79.77 billion, a P/E ratio of 19.65, a PEG ratio of 1.12 and a beta of 1.43. The business has a 50 day moving average price of $69.12 and a 200 day moving average price of $65.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. PayPal’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.83 EPS. Sell-side analysts expect that PayPal will post 4.42 EPS for the current fiscal year.

Institutional Trading of PayPal

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc grew its holdings in shares of PayPal by 3.3% during the second quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock valued at $501,184,000 after purchasing an additional 276,287 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of PayPal by 28.1% during the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after purchasing an additional 1,866,925 shares during the last quarter. Primecap Management Co. CA grew its holdings in shares of PayPal by 180.7% during the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after purchasing an additional 3,184,160 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of PayPal by 1.7% during the fourth quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock valued at $225,283,000 after purchasing an additional 61,384 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of PayPal by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock valued at $183,789,000 after purchasing an additional 409,322 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

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.