Macquarie Boosts PayPal (NASDAQ:PYPL) Price Target to $115.00

PayPal (NASDAQ:PYPL - Free Report) had its target price lifted by Macquarie from $95.00 to $115.00 in a research report sent to investors on Tuesday, MarketBeat reports. Macquarie currently has an outperform rating on the credit services provider's stock.

A number of other research analysts have also recently issued reports on PYPL. Morgan Stanley lifted their price objective on PayPal from $71.00 to $76.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their price target on shares of PayPal from $92.00 to $104.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Monness Crespi & Hardt upped their price objective on shares of PayPal from $95.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Susquehanna lifted their target price on shares of PayPal from $83.00 to $94.00 and gave the company a "positive" rating in a research note on Wednesday, October 30th. Finally, Barclays increased their price target on PayPal from $85.00 to $92.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $87.97.

PayPal Price Performance

Shares of PYPL stock traded down $0.44 during mid-day trading on Tuesday, reaching $90.86. The company's stock had a trading volume of 8,385,530 shares, compared to its average volume of 13,013,313. The firm's 50-day moving average is $84.29 and its two-hundred day moving average is $72.78. The company has a market cap of $91.09 billion, a P/E ratio of 21.68, a PEG ratio of 1.66 and a beta of 1.44. PayPal has a 1-year low of $55.77 and a 1-year high of $93.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

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

Institutional Trading of PayPal

A number of institutional investors have recently modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal in the third quarter valued at about $26,000. Planning Capital Management Corp raised its stake in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Financial Management Professionals Inc. grew 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 valued at $34,000 after buying an additional 243 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in PayPal during the third quarter worth $36,000. Finally, Family Firm Inc. bought a new position in shares of PayPal in the 2nd quarter valued at about $29,000. 68.32% of the stock is currently 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.