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

PayPal (NASDAQ:PYPL) had its target price trimmed by Jefferies Financial Group from $70.00 to $65.00 in a report issued on Monday morning.

A number of other equities research analysts have also recently commented on the stock. William Blair cut shares of PayPal from an outperform rating to a market perform rating in a research report on Thursday, July 18th. Evercore ISI increased their target price on shares of PayPal from $65.00 to $70.00 and gave the company an in-line rating in a research report on Tuesday, June 25th. UBS Group increased their target price on shares of PayPal from $63.00 to $71.00 and gave the company a neutral rating in a research report on Wednesday, May 1st. New Street Research started coverage on shares of PayPal in a research report on Friday, May 31st. They set a buy rating and a $80.00 target price for the company. Finally, TD Cowen increased their target price on shares of PayPal from $58.00 to $68.00 and gave the company a hold rating in a research report on Wednesday, May 1st. Nineteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PayPal presently has an average rating of Hold and an average price target of $74.94.

PayPal Price Performance

Shares of PYPL opened at $65.31 on Monday. The company has a 50 day moving average price of $61.01 and a 200-day moving average price of $62.21. PayPal has a fifty-two week low of $50.25 and a fifty-two week high of $74.99. The stock has a market capitalization of $66.77 billion, a PE ratio of 16.45, a PEG ratio of 0.95 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.24.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. Equities analysts predict that PayPal will post 4.41 earnings per share for the current fiscal year.

Insider Activity at PayPal

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

Institutional Trading of PayPal

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hartford Financial Management Inc. grew its position in PayPal by 18.8% during the fourth quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock valued at $63,000 after buying an additional 163 shares during the period. Pine Haven Investment Counsel Inc lifted its holdings in 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 valued at $289,000 after purchasing an additional 170 shares in the last quarter. Pittenger & Anderson Inc. lifted its holdings in PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 172 shares in the last quarter. Verity Asset Management Inc. lifted its holdings in PayPal by 1.9% during the first quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock valued at $650,000 after purchasing an additional 181 shares in the last quarter. Finally, Waldron Private Wealth LLC lifted its holdings in PayPal by 1.9% during the fourth quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock valued at $590,000 after purchasing an additional 182 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

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.