PayPal (NASDAQ:PYPL) Price Target Raised to $82.00

PayPal (NASDAQ:PYPL) had its target price upped by BMO Capital Markets from $73.00 to $82.00 in a research report released on Wednesday morning, Benzinga reports. BMO Capital Markets currently has a market perform rating on the credit services provider’s stock.

PYPL has been the topic of a number of other reports. JPMorgan Chase & Co. raised their price target on shares of PayPal from $77.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. UBS Group raised their price objective on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Wells Fargo & Company raised their price objective on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Barclays raised their price objective on shares of PayPal from $85.00 to $92.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Susquehanna raised their price objective on shares of PayPal from $71.00 to $83.00 and gave the stock a “positive” rating in a report on Wednesday, July 31st. Fifteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.83.

PayPal Stock Down 2.6 %

PayPal stock opened at $77.25 on Wednesday. PayPal has a 1-year low of $52.55 and a 1-year high of $83.70. The firm has a market capitalization of $77.45 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.41 and a beta of 1.43. The firm’s fifty day moving average price is $76.50 and its two-hundred day moving average price is $67.69. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period last year, the firm earned $0.97 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. On average, equities research analysts predict that PayPal will post 4.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PayPal

Hedge funds have recently bought and sold shares of the stock. FCG Investment Co bought a new stake in PayPal during the third quarter valued at approximately $1,079,000. Brown Financial Advisors bought a new stake in shares of PayPal in the 2nd quarter worth approximately $1,454,000. Cape Cod Five Cents Savings Bank bought a new stake in shares of PayPal in the 2nd quarter worth approximately $3,014,000. Distillate Capital Partners LLC lifted its holdings in shares of PayPal by 156,934.7% in the 2nd quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock worth $19,957,000 after acquiring an additional 343,687 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its holdings in shares of PayPal by 44.6% in the 1st quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock worth $83,000 after acquiring an additional 381 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

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.