2 weeks Ago By ABMN Staff
PayPal ( NASDAQ:PYPL – Free Report ) had its target price hoisted by Barclays from $85.00 to $92.00 in a report released on Friday morning, Benzinga reports.
The firm currently has an overweight rating on the credit services provider’s stock. A number of other brokerages have also commented on PYPL. TD Cowen upped their target price on PayPal from $68.
00 to $70.00 and gave the company a hold rating in a research report on Wednesday, July 31st. Canaccord Genuity Group restated a buy rating and issued a $80.
00 price objective on shares of PayPal in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft upped their price objective on PayPal from $74.00 to $94.
00 and gave the stock a buy rating in a research report on Monday, September 23rd. Citigroup upped their price objective on PayPal from $79.00 to $81.
00 and gave the stock a buy rating in a research report on Monday, June 10th. Finally, Keefe, Bruyette & Woods restated an outperform rating and issued a $78.00 price objective on shares of PayPal in a research report on Wednesday, September 18th.
Seventeen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal has an average rating of Moderate Buy and a consensus target price of $76.38.
Get Our Latest Stock Analysis on PayPal PayPal Price Performance PayPal ( NASDAQ:PYPL – Get Free Report ) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.
99 by $0.20. The firm had revenue of $7.
89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a return on equity of 22.
82% and a net margin of 14.30%. PayPal’s revenue for the quarter was up 8.
2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share.
On average, sell-side analysts expect that PayPal will post 4.42 earnings per share for the current year. Institutional Inflows and Outflows Several hedge funds have recently added to or reduced their stakes in the company.
Distillate Capital Partners LLC increased its stake in shares of PayPal by 156,934.7% in the 2nd quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock worth $19,957,000 after acquiring an additional 343,687 shares during the last quarter.
Fiduciary Alliance LLC increased its stake in shares of PayPal by 604.7% in the 1st quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock worth $3,452,000 after acquiring an additional 45,544 shares during the last quarter.
1832 Asset Management L.P. increased its stake in shares of PayPal by 44.
6% in the 1st quarter. 1832 Asset Management L.P.
now owns 1,235 shares of the credit services provider’s stock worth $83,000 after acquiring an additional 381 shares during the last quarter. Blue Trust Inc. increased its stake in shares of PayPal by 21.
2% in the 2nd quarter. Blue Trust Inc. now owns 3,358 shares of the credit services provider’s stock worth $195,000 after acquiring an additional 588 shares during the last quarter.
Finally, Allspring Global Investments Holdings LLC increased its stake in shares of PayPal by 18.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 234,147 shares of the credit services provider’s stock worth $15,686,000 after acquiring an additional 36,994 shares during the last quarter.
68.32% of the stock is owned by institutional investors and hedge funds. About PayPal ( Get Free Report ) 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. Featured Articles Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter .
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