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

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

Other equities analysts have also recently issued reports about the company. Evercore ISI increased their price target on PayPal from $65.00 to $70.00 and gave the stock an in-line rating in a report on Tuesday, June 25th. Sanford C. Bernstein upgraded PayPal from a market perform rating to an outperform rating and raised their target price for the company from $71.00 to $78.00 in a report on Wednesday, July 31st. Robert W. Baird raised their target price on PayPal from $77.00 to $80.00 and gave the company an outperform rating in a report on Wednesday, July 31st. BMO Capital Markets raised their target price on PayPal from $65.00 to $72.00 and gave the company a market perform rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. raised their target price on PayPal from $77.00 to $80.00 and gave the company an overweight rating in a report on Tuesday, August 20th. Seventeen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PayPal presently has a consensus rating of Moderate Buy and a consensus price target of $76.38.

PayPal Stock Performance

NASDAQ PYPL opened at $77.88 on Friday. The stock has a market cap of $81.47 billion, a PE ratio of 19.62, a P/E/G ratio of 1.11 and a beta of 1.43. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. PayPal has a twelve month low of $50.25 and a twelve month high of $80.63. The stock has a fifty day simple moving average of $68.41 and a 200-day simple moving average of $64.93.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. The business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company’s revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 EPS. Equities analysts anticipate that PayPal will post 4.42 earnings per share for the current year.

Institutional Trading of PayPal

Institutional investors have recently modified their holdings of the business. Pittenger & Anderson Inc. boosted its stake in shares of PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares in the last quarter. American National Bank purchased a new stake in shares of PayPal in the first quarter valued at approximately $27,000. Family Firm Inc. purchased a new stake in shares of PayPal in the second quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC boosted its position in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in PayPal during the first quarter worth $30,000. 68.32% of the stock is currently owned by hedge funds and other 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.