PayPal (NASDAQ:PYPL) Price Target Lowered to $90.00 at Monness Crespi & Hardt

PayPal (NASDAQ:PYPL - Get Free Report) had its price target lowered by stock analysts at Monness Crespi & Hardt from $120.00 to $90.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the credit services provider's stock. Monness Crespi & Hardt's price target indicates a potential upside of 43.79% from the stock's previous close.

PYPL has been the subject of a number of other research reports. Citigroup reaffirmed an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. Morgan Stanley raised their price target on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Bank of America raised shares of PayPal from a "neutral" rating to a "buy" rating and increased their price objective for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Arete Research set a $81.00 target price on shares of PayPal in a report on Thursday, March 27th. Finally, Barclays increased their price target on shares of PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, PayPal presently has a consensus rating of "Moderate Buy" and an average price target of $88.32.

PayPal Stock Up 3.4 %

Shares of NASDAQ PYPL traded up $2.03 during mid-day trading on Tuesday, hitting $62.59. 12,914,497 shares of the stock traded hands, compared to its average volume of 11,480,378. PayPal has a 52 week low of $55.85 and a 52 week high of $93.66. The company has a market cap of $61.92 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a fifty day moving average price of $69.88 and a 200-day moving average price of $79.77.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal's revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $1.48 EPS. Research analysts anticipate that PayPal will post 5.03 EPS for the current year.

Insider Buying and Selling

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PayPal

Institutional investors have recently added to or reduced their stakes in the company. United Bank increased its holdings in shares of PayPal by 9.7% in the 3rd quarter. United Bank now owns 8,941 shares of the credit services provider's stock worth $698,000 after buying an additional 794 shares during the last quarter. LRI Investments LLC boosted its stake in shares of PayPal by 77.9% during the third quarter. LRI Investments LLC now owns 2,725 shares of the credit services provider's stock valued at $234,000 after purchasing an additional 1,193 shares during the period. Continuum Advisory LLC grew its stake in PayPal by 285.8% in the 3rd quarter. Continuum Advisory LLC now owns 760 shares of the credit services provider's stock worth $65,000 after acquiring an additional 563 shares in the last quarter. First Sabrepoint Capital Management LP purchased a new position in PayPal during the 3rd quarter worth $8,193,000. Finally, Ashford Capital Management Inc. bought a new stake in shares of PayPal in the third quarter valued at about $205,000. Hedge funds and other institutional investors 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.