PayPal (NASDAQ:PYPL) Price Target Raised to $110.00

PayPal (NASDAQ:PYPL - Free Report) had its price objective lifted by Barclays from $92.00 to $110.00 in a research report sent to investors on Tuesday,Benzinga reports. Barclays currently has an overweight rating on the credit services provider's stock.

PYPL has been the topic of a number of other research reports. Macquarie upped their price objective on PayPal from $95.00 to $115.00 and gave the stock an "outperform" rating in a research note on Tuesday. Bank of America raised shares of PayPal from a "neutral" rating to a "buy" rating and upped their price target for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Mizuho lifted their price objective on shares of PayPal from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Monday, October 14th. BMO Capital Markets upped their target price on shares of PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. Finally, Sanford C. Bernstein cut PayPal from an "outperform" rating to a "market perform" rating and lifted their price target for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.97.

PayPal Stock Down 0.5 %

Shares of PYPL traded down $0.44 during mid-day trading on Tuesday, hitting $90.86. 8,385,530 shares of the company's stock were exchanged, compared to its average volume of 13,013,313. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. PayPal has a 52 week low of $55.77 and a 52 week high of $93.66. The company has a market cap of $91.09 billion, a PE ratio of 21.61, a P/E/G ratio of 1.66 and a beta of 1.44. The company has a 50-day simple moving average of $84.09 and a 200 day simple moving average of $72.58.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analysts' expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.97 EPS. On average, research analysts forecast that PayPal will post 4.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PayPal

Institutional investors have recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal in the third quarter worth $26,000. Planning Capital Management Corp raised its position in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after acquiring an additional 268 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in shares of PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock worth $34,000 after acquiring an additional 243 shares during the period. Legacy Investment Solutions LLC bought a new stake in PayPal in the third quarter valued at approximately $36,000. Finally, Family Firm Inc. acquired a new stake in PayPal during the 2nd quarter valued at approximately $29,000. 68.32% of the stock is currently owned by institutional investors and hedge funds.

About PayPal

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.