Paypal (NASDAQ:PYPL) Price Target Raised to $140.00 at Jefferies Financial Group

Paypal (NASDAQ:PYPL) had its price target upped by Jefferies Financial Group from $125.00 to $140.00 in a research note published on Thursday, BenzingaRatingsTable reports. They currently have a buy rating on the credit services provider’s stock. Jefferies Financial Group also issued estimates for Paypal’s Q2 2019 earnings at $0.65 EPS and FY2019 earnings at $2.38 EPS.

Other equities analysts have also issued reports about the company. SunTrust Banks restated a hold rating and issued a $44.00 target price on shares of Shutterstock in a research note on Thursday, April 25th. UBS Group set a $160.00 target price on IBM and gave the stock a buy rating in a research note on Wednesday, April 17th. Morgan Stanley upped their target price on Williams-Sonoma from $52.00 to $56.00 and gave the stock an underweight rating in a research note on Wednesday, July 10th. Oppenheimer upped their target price on Chipotle Mexican Grill from $400.00 to $525.00 and gave the stock an underperform rating in a research note on Thursday, April 25th. Finally, KeyCorp upped their target price on Zynga from $5.00 to $6.00 and gave the stock an overweight rating in a research note on Monday, April 29th. Ten research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of $113.83.

NASDAQ:PYPL opened at $118.63 on Thursday. Paypal has a 52-week low of $74.66 and a 52-week high of $121.48. The company has a market cap of $139.38 billion, a price-to-earnings ratio of 66.27, a price-to-earnings-growth ratio of 2.91 and a beta of 0.98. The company’s fifty day moving average is $115.76.



Paypal (NASDAQ:PYPL) last announced its earnings results on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.13 billion. Paypal had a return on equity of 15.50% and a net margin of 13.92%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 EPS. As a group, equities analysts forecast that Paypal will post 2.28 EPS for the current fiscal year.

In related news, EVP Adele Louise Pentland sold 11,520 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $109.07, for a total transaction of $1,256,486.40. Following the completion of the sale, the executive vice president now directly owns 63,408 shares in the company, valued at approximately $6,915,910.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John D. Rainey sold 13,925 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $108.73, for a total value of $1,514,065.25. Following the sale, the chief financial officer now owns 121,770 shares of the company’s stock, valued at $13,240,052.10. The disclosure for this sale can be found here. Insiders have sold a total of 180,714 shares of company stock worth $19,911,348 over the last quarter. Corporate insiders own 0.15% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. FMR LLC boosted its holdings in Paypal by 3.8% during the 1st quarter. FMR LLC now owns 82,843,184 shares of the credit services provider’s stock valued at $8,602,436,000 after acquiring an additional 3,002,568 shares during the period. Fundsmith LLP boosted its holdings in Paypal by 0.9% during the 1st quarter. Fundsmith LLP now owns 15,338,423 shares of the credit services provider’s stock valued at $1,592,742,000 after acquiring an additional 136,213 shares during the period. Geode Capital Management LLC boosted its holdings in Paypal by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 14,422,120 shares of the credit services provider’s stock valued at $1,210,539,000 after acquiring an additional 851,398 shares during the period. Norges Bank purchased a new stake in Paypal during the 4th quarter valued at about $906,735,000. Finally, Janus Henderson Group PLC boosted its holdings in Paypal by 2.2% during the 1st quarter. Janus Henderson Group PLC now owns 7,146,346 shares of the credit services provider’s stock valued at $742,077,000 after acquiring an additional 156,166 shares during the period. Institutional investors own 80.88% of the company’s stock.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Analyst Recommendations for Paypal (NASDAQ:PYPL)

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