PayPal (NASDAQ:PYPL) Price Target Lowered to $90.00 at Monness Crespi & Hardt

PayPal (NASDAQ:PYPL) had its price objective cut by Monness Crespi & Hardt from $120.00 to $90.00 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the credit services provider’s stock.

Several other research firms have also issued reports on PYPL. Morgan Stanley boosted their price target on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Citigroup reiterated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective on shares of PayPal in a research report on Thursday, December 12th. BTIG Research restated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, Arete Research set a $81.00 price target on PayPal in a research note on Thursday, March 27th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.48.

PayPal Stock Performance

Shares of PYPL opened at $57.41 on Tuesday. The firm has a market capitalization of $56.79 billion, a P/E ratio of 14.32, a PEG ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal has a one year low of $55.85 and a one year high of $93.66. The business has a fifty day moving average of $71.77 and a 200 day moving average of $80.20.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the previous year, the company posted $1.48 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that PayPal will post 5.03 EPS for the current year.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PayPal

Several hedge funds and other institutional investors have recently modified their holdings of PYPL. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal during the fourth quarter worth $25,000. Rosenberg Matthew Hamilton lifted its holdings in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. Hurley Capital LLC bought a new stake in PayPal during the 4th quarter valued at about $27,000. Sugarloaf Wealth Management LLC boosted its position in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the period. Finally, Bernard Wealth Management Corp. bought a new position in PayPal in the 4th quarter worth about $34,000. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

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.