Barclays Issues Positive Forecast for PayPal (NASDAQ:PYPL) Stock Price

PayPal (NASDAQ:PYPL) had its target price raised by Barclays from $92.00 to $110.00 in a research report sent to investors on Tuesday,Benzinga reports. Barclays currently has an overweight rating on the credit services provider’s stock.

Other equities research analysts have also issued reports about the stock. The Goldman Sachs Group increased their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Wells Fargo & Company upped their price objective on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Morgan Stanley raised their target price on PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $88.42.

PayPal Stock Up 1.6 %

Shares of PYPL stock opened at $86.78 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal has a twelve month low of $55.77 and a twelve month high of $93.66. The stock has a 50 day moving average of $84.52 and a 200 day moving average of $72.96. The stock has a market cap of $87.00 billion, a P/E ratio of 20.71, a P/E/G ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. As a group, sell-side analysts expect that PayPal will post 4.57 EPS for the current year.

Institutional Trading of PayPal

Hedge funds and other institutional investors have recently bought and sold shares of the business. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal during the third quarter worth approximately $26,000. Family Firm Inc. acquired a new stake in PayPal during the 2nd quarter worth $29,000. SYSTM Wealth Solutions LLC lifted its position in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. Tortoise Investment Management LLC boosted its stake in PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 465 shares in the last quarter. Finally, Planning Capital Management Corp grew its holdings in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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.