PayPal (NASDAQ:PYPL) Price Target Lowered to $65.00 at Jefferies Financial Group

PayPal (NASDAQ:PYPL) had its price target decreased by research analysts at Jefferies Financial Group from $70.00 to $65.00 in a research report issued to clients and investors on Monday. Jefferies Financial Group’s target price would indicate a potential upside of 10.38% from the company’s previous close.

A number of other research analysts have also recently commented on PYPL. Mizuho raised PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $68.00 to $90.00 in a report on Thursday, May 30th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $78.00 price objective on shares of PayPal in a report on Thursday, July 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $69.00 price objective on shares of PayPal in a report on Monday, June 24th. William Blair cut PayPal from an “outperform” rating to a “market perform” rating in a report on Thursday, July 18th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $84.00 price objective on shares of PayPal in a report on Friday, June 28th. Twenty investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $73.26.

PayPal Stock Performance

Shares of PayPal stock traded up $0.60 during trading hours on Monday, reaching $58.89. 5,180,089 shares of the stock traded hands, compared to its average volume of 14,289,317. PayPal has a one year low of $50.25 and a one year high of $76.54. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $61.60 billion, a price-to-earnings ratio of 14.83, a P/E/G ratio of 0.95 and a beta of 1.42. The company has a 50 day moving average price of $60.98 and a 200 day moving average price of $62.16.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts expect that PayPal will post 4.15 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the transaction, the director now directly owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PYPL. Hartford Financial Management Inc. increased its position in shares of PayPal by 18.8% during the fourth quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after purchasing an additional 163 shares in the last quarter. Pine Haven Investment Counsel Inc increased its position in shares of PayPal by 3.7% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock worth $289,000 after purchasing an additional 170 shares in the last quarter. Pittenger & Anderson Inc. grew its holdings in PayPal by 77.5% in the 1st 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. Verity Asset Management Inc. grew its holdings in PayPal by 1.9% in the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock valued at $650,000 after buying an additional 181 shares in the last quarter. Finally, Waldron Private Wealth LLC grew its holdings in PayPal by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after buying an additional 182 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

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.