BMO Capital Markets Boosts PayPal (NASDAQ:PYPL) Price Target to $65.00

PayPal (NASDAQ:PYPL) had its price objective increased by BMO Capital Markets from $64.00 to $65.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a market perform rating on the credit services provider’s stock.

PYPL has been the topic of several other research reports. Susquehanna boosted their price target on PayPal from $61.00 to $65.00 and gave the company a neutral rating in a research note on Wednesday, January 24th. DZ Bank lowered shares of PayPal from a buy rating to a hold rating and set a $60.00 target price on the stock. in a report on Friday, February 9th. Wells Fargo & Company boosted their price target on shares of PayPal from $55.00 to $60.00 and gave the company an equal weight rating in a research report on Monday, January 29th. Evercore ISI raised their price objective on shares of PayPal from $60.00 to $65.00 and gave the stock an in-line rating in a report on Wednesday. Finally, Morgan Stanley reissued an equal weight rating and issued a $66.00 target price (down from $118.00) on shares of PayPal in a report on Tuesday, January 9th. Twenty-five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, PayPal currently has a consensus rating of Hold and a consensus price target of $72.73.

PayPal Stock Down 1.9 %

PYPL opened at $65.70 on Wednesday. PayPal has a fifty-two week low of $50.25 and a fifty-two week high of $76.54. The company has a market capitalization of $68.73 billion, a P/E ratio of 16.55, a P/E/G ratio of 1.22 and a beta of 1.41. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.29. The firm’s fifty day moving average price is $63.56 and its two-hundred day moving average price is $60.44.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The business had revenue of $7.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.86 EPS. On average, analysts anticipate that PayPal will post 4.07 EPS for the current year.

Insider Buying and Selling

In other news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

Institutional Trading of PayPal

Hedge funds and other institutional investors have recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of PayPal during the fourth quarter worth about $25,000. Sutton Wealth Advisors Inc. boosted its position in PayPal by 115.0% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 237 shares during the last quarter. Pittenger & Anderson Inc. grew its stake in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares in the last quarter. American National Bank bought a new stake in shares of PayPal in the first quarter worth $27,000. Finally, Private Wealth Management Group LLC acquired a new position in PayPal during the fourth quarter worth $29,000. Institutional investors and hedge funds 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.