Stifel Nicolaus Boosts PayPal (PYPL) Price Target to $82.00

PayPal (NASDAQ:PYPL) had its target price increased by investment analysts at Stifel Nicolaus from $79.00 to $82.00 in a report issued on Thursday. The brokerage currently has a “hold” rating on the credit services provider’s stock. Stifel Nicolaus’ target price suggests a potential upside of 10.81% from the company’s current price.

A number of other equities analysts also recently weighed in on the stock. Cowen upgraded shares of PayPal from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $79.05 to $88.00 in a report on Tuesday, January 9th. Jefferies Group boosted their target price on shares of PayPal from $86.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Sanford C. Bernstein started coverage on shares of PayPal in a report on Tuesday, March 27th. They set a “market perform” rating and a $82.00 target price on the stock. Nomura boosted their target price on shares of PayPal to $97.00 and gave the stock a “buy” rating in a report on Thursday, March 15th. Finally, Mizuho restated a “hold” rating and set a $75.00 target price on shares of PayPal in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirty-four have issued a buy rating to the stock. PayPal has a consensus rating of “Buy” and a consensus target price of $78.94.

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NASDAQ PYPL opened at $74.00 on Thursday. PayPal has a 12-month low of $44.25 and a 12-month high of $86.32. The company has a market capitalization of $89,370.98, a PE ratio of 53.24, a price-to-earnings-growth ratio of 2.48 and a beta of 1.28.



PayPal (NASDAQ:PYPL) last issued its earnings results on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.59 billion. PayPal had a net margin of 13.71% and a return on equity of 11.59%. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 earnings per share. sell-side analysts predict that PayPal will post 1.73 EPS for the current fiscal year.

In related news, CAO Aaron Anderson sold 3,843 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $77.98, for a total transaction of $299,677.14. Following the completion of the sale, the chief accounting officer now owns 17,561 shares of the company’s stock, valued at $1,369,406.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William J. Ready sold 60,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $77.68, for a total transaction of $4,660,800.00. Following the sale, the chief operating officer now directly owns 95,944 shares of the company’s stock, valued at approximately $7,452,929.92. The disclosure for this sale can be found here. Insiders have sold 222,413 shares of company stock valued at $17,321,428 in the last ninety days. 6.00% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cigna Investments Inc. New raised its stake in PayPal by 1.4% during the fourth quarter. Cigna Investments Inc. New now owns 47,106 shares of the credit services provider’s stock worth $3,468,000 after acquiring an additional 641 shares in the last quarter. Waldron LP raised its stake in PayPal by 16.9% during the fourth quarter. Waldron LP now owns 4,467 shares of the credit services provider’s stock worth $328,000 after acquiring an additional 646 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in PayPal by 13.8% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,760 shares of the credit services provider’s stock worth $424,000 after acquiring an additional 700 shares in the last quarter. Bfsg LLC raised its stake in PayPal by 19.2% during the fourth quarter. Bfsg LLC now owns 4,479 shares of the credit services provider’s stock worth $330,000 after acquiring an additional 722 shares in the last quarter. Finally, Corient Capital Partners LLC raised its stake in PayPal by 3.8% during the fourth quarter. Corient Capital Partners LLC now owns 21,601 shares of the credit services provider’s stock worth $1,591,000 after acquiring an additional 787 shares in the last quarter. 81.50% of the stock is owned by hedge funds and other institutional investors.

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PayPal Company Profile

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Analyst Recommendations for PayPal (NASDAQ:PYPL)

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