Keefe, Bruyette & Woods Issues Pessimistic Forecast for PayPal (NASDAQ:PYPL) Stock Price

PayPal (NASDAQ:PYPL - Get Free Report) had its price objective decreased by Keefe, Bruyette & Woods from $104.00 to $85.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the credit services provider's stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 44.60% from the company's previous close.

A number of other research analysts have also commented on PYPL. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. StockNews.com lowered PayPal from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th. Susquehanna increased their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research report on Monday, January 6th. Needham & Company LLC restated a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. Finally, Piper Sandler dropped their target price on shares of PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Sixteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, PayPal presently has a consensus rating of "Moderate Buy" and an average price target of $89.13.

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PayPal Trading Down 4.7 %

PayPal stock traded down $2.93 during mid-day trading on Monday, hitting $58.78. The company's stock had a trading volume of 4,301,245 shares, compared to its average volume of 11,231,935. The stock has a market cap of $58.15 billion, a price-to-earnings ratio of 14.65, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The business has a 50 day moving average price of $74.26 and a 200-day moving average price of $80.61. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. PayPal has a 12 month low of $56.97 and a 12 month high of $93.66.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for 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%. The business's revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $1.48 earnings per share. As a group, analysts forecast that PayPal will post 5.03 EPS for the current year.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PYPL. Relyea Zuckerberg Hanson LLC grew its stake in PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock worth $638,000 after buying an additional 3,976 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of PayPal in the 3rd quarter valued at approximately $387,435,000. Nikko Asset Management Americas Inc. boosted its stake in PayPal by 2.7% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock worth $59,489,000 after purchasing an additional 18,172 shares in the last quarter. ExodusPoint Capital Management LP increased its stake in PayPal by 223.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock valued at $22,622,000 after purchasing an additional 183,011 shares in the last quarter. Finally, StoneX Group Inc. raised its holdings in shares of PayPal by 70.4% in the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock worth $2,326,000 after buying an additional 11,260 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

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.