PayPal (NASDAQ:PYPL) Price Target Increased to $100.00 by Analysts at Mizuho

PayPal (NASDAQ:PYPL) had its target price upped by Mizuho from $90.00 to $100.00 in a research report report published on Monday morning, MarketBeat.com reports. They currently have an outperform rating on the credit services provider’s stock.

Several other research firms have also weighed in on PYPL. Monness Crespi & Hardt boosted their price target on PayPal from $80.00 to $88.00 and gave the stock a buy rating in a research report on Monday, July 29th. Susquehanna boosted their price target on PayPal from $71.00 to $83.00 and gave the stock a positive rating in a research report on Wednesday, July 31st. Royal Bank of Canada reaffirmed an outperform rating and set a $84.00 price target on shares of PayPal in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods reaffirmed an outperform rating and set a $78.00 price target on shares of PayPal in a research report on Wednesday, September 18th. Finally, Argus raised PayPal from a hold rating to a buy rating in a report on Wednesday, July 31st. Seventeen analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $77.35.

PayPal Trading Up 0.2 %

NASDAQ PYPL opened at $80.67 on Monday. The stock has a market capitalization of $84.38 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 1.49 and a beta of 1.44. The stock’s 50 day moving average price is $72.82 and its two-hundred day moving average price is $66.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. PayPal has a 52 week low of $50.25 and a 52 week high of $82.00.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. As a group, analysts anticipate that PayPal will post 4.42 earnings per share for the current fiscal year.

Institutional Trading of PayPal

Institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc increased its holdings in PayPal by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock worth $501,184,000 after purchasing an additional 276,287 shares in the last quarter. Clearbridge Investments LLC increased its holdings in PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after purchasing an additional 1,866,925 shares in the last quarter. Primecap Management Co. CA increased its holdings in PayPal by 180.7% in the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after purchasing an additional 3,184,160 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in PayPal by 14.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock worth $183,789,000 after purchasing an additional 409,322 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in PayPal by 5.1% in the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,046,502 shares of the credit services provider’s stock worth $176,789,000 after purchasing an additional 146,643 shares in the last quarter. 68.32% of the stock is currently owned by 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.