PayPal (PYPL) PT Set at $93.00 by Craig Hallum

PayPal (NASDAQ:PYPL) received a $93.00 price objective from research analysts at Craig Hallum in a research report issued on Friday. The firm currently has a “buy” rating on the credit services provider’s stock. Craig Hallum’s target price suggests a potential upside of 14.83% from the stock’s previous close.

A number of other research firms also recently weighed in on PYPL. ValuEngine raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $85.00 target price on shares of PayPal in a research report on Thursday, February 1st. Stifel Nicolaus upped their target price on shares of PayPal from $79.00 to $82.00 and gave the stock a “hold” rating in a research report on Thursday, April 26th. JPMorgan Chase increased their price objective on shares of PayPal from $81.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, April 26th. Finally, Loop Capital increased their price objective on shares of PayPal to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $81.12.

Shares of NASDAQ:PYPL traded up $1.80 during midday trading on Friday, reaching $80.99. The company’s stock had a trading volume of 2,534,475 shares, compared to its average volume of 9,259,778. The company has a market capitalization of $92.40 billion, a PE ratio of 58.27, a P/E/G ratio of 2.57 and a beta of 1.28. PayPal has a 12-month low of $77.32 and a 12-month high of $78.54.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.03. The firm had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.59 billion. PayPal had a net margin of 13.92% and a return on equity of 12.35%. The company’s revenue was up 23.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. analysts expect that PayPal will post 1.71 EPS for the current fiscal year.

In other PayPal news, Director David M. Moffett sold 3,808 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $77.86, for a total transaction of $296,490.88. Following the sale, the director now owns 66,320 shares in the company, valued at approximately $5,163,675.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John D. Rainey sold 5,462 shares of the firm’s stock in a transaction that occurred on Friday, April 27th. The stock was sold at an average price of $75.63, for a total transaction of $413,091.06. The disclosure for this sale can be found here. Insiders sold a total of 201,964 shares of company stock worth $15,385,614 in the last quarter. Company insiders own 0.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in PayPal by 0.8% during the 1st quarter. BlackRock Inc. now owns 69,989,077 shares of the credit services provider’s stock worth $5,310,073,000 after acquiring an additional 584,312 shares during the period. Jennison Associates LLC raised its stake in PayPal by 117.3% during the 4th quarter. Jennison Associates LLC now owns 16,354,298 shares of the credit services provider’s stock worth $1,204,003,000 after acquiring an additional 8,827,558 shares during the period. Edgewood Management LLC raised its stake in PayPal by 4.3% during the 1st quarter. Edgewood Management LLC now owns 16,052,176 shares of the credit services provider’s stock worth $1,217,879,000 after acquiring an additional 657,212 shares during the period. TIAA CREF Investment Management LLC raised its stake in PayPal by 5.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 12,194,144 shares of the credit services provider’s stock worth $897,733,000 after acquiring an additional 647,237 shares during the period. Finally, Geode Capital Management LLC raised its stake in PayPal by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 12,165,443 shares of the credit services provider’s stock worth $893,768,000 after acquiring an additional 629,582 shares during the period. Institutional investors own 80.88% of the company’s stock.

PayPal Company Profile

PayPal Holdings, Inc operates as a technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Analyst Recommendations for PayPal (NASDAQ:PYPL)

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