Loop Capital Increases Paypal (PYPL) Price Target to $86.00

Paypal (NASDAQ:PYPL) had its price objective increased by analysts at Loop Capital to $86.00 in a research report issued to clients and investors on Monday, The Fly reports. The firm presently has a “hold” rating on the credit services provider’s stock. Loop Capital’s target price would suggest a potential downside of 6.39% from the stock’s previous close.

Several other research analysts also recently weighed in on PYPL. Zacks Investment Research upgraded Paypal from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research note on Wednesday, October 24th. Craig Hallum reiterated a “buy” rating on shares of Paypal in a research note on Friday, October 19th. Stifel Nicolaus upped their price target on Paypal to $108.00 and gave the company a “buy” rating in a research report on Friday, October 19th. BTIG Research upgraded Paypal from a “neutral” rating to a “buy” rating and upped their price target for the stock from $81.00 to $95.00 in a research note on Friday, October 19th. Finally, BidaskClub cut Paypal from a “strong-buy” rating to a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty-six have issued a buy rating to the stock. Paypal has an average rating of “Buy” and a consensus price target of $96.93.

Shares of NASDAQ:PYPL opened at $91.87 on Monday. Paypal has a 1 year low of $70.22 and a 1 year high of $94.58. The firm has a market cap of $107.78 billion, a PE ratio of 51.32, a price-to-earnings-growth ratio of 2.35 and a beta of 1.00.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, January 30th. The credit services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.02. Paypal had a return on equity of 14.67% and a net margin of 13.31%. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.23 billion. During the same quarter last year, the business posted $0.55 earnings per share. The firm’s revenue was up 13.0% on a year-over-year basis. On average, analysts predict that Paypal will post 2.14 EPS for the current year.

In other news, COO William J. Ready sold 27,458 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $85.89, for a total transaction of $2,358,367.62. Following the transaction, the chief operating officer now directly owns 85,485 shares of the company’s stock, valued at $7,342,306.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Adele Louise Pentland sold 3,056 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $89.08, for a total value of $272,228.48. Following the transaction, the executive vice president now directly owns 55,963 shares in the company, valued at $4,985,184.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 195,736 shares of company stock valued at $16,945,066. Corporate insiders own 0.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of PYPL. Advisors Asset Management Inc. lifted its holdings in shares of Paypal by 9.7% during the second quarter. Advisors Asset Management Inc. now owns 350,810 shares of the credit services provider’s stock valued at $29,212,000 after purchasing an additional 31,025 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Paypal by 16.1% in the second quarter. Schroder Investment Management Group now owns 68,480 shares of the credit services provider’s stock valued at $5,648,000 after acquiring an additional 9,495 shares during the period. Lourd Capital LLC bought a new position in Paypal in the third quarter valued at about $209,000. Delaney Dennis R increased its position in Paypal by 38.0% in the third quarter. Delaney Dennis R now owns 6,612 shares of the credit services provider’s stock worth $581,000 after buying an additional 1,822 shares in the last quarter. Finally, Page Arthur B purchased a new stake in Paypal in the third quarter worth about $582,000. 80.82% of the stock is currently owned by institutional investors.

Paypal Company Profile

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

Further Reading: Liquidity

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