PayPal (NASDAQ:PYPL) Rating Reiterated by The Goldman Sachs Group

PayPal (NASDAQ:PYPL)‘s stock had its “neutral” rating reaffirmed by stock analysts at The Goldman Sachs Group in a research note issued on Monday, Benzinga reports. They presently have a $69.00 price target on the credit services provider’s stock. The Goldman Sachs Group’s target price points to a potential upside of 13.84% from the company’s current price.

PYPL has been the topic of several other research reports. TD Cowen boosted their price target on shares of PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a research report on Wednesday, May 1st. Evercore ISI boosted their price target on shares of PayPal from $60.00 to $65.00 and gave the company an “in-line” rating in a research report on Wednesday, May 1st. Stephens boosted their price target on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. JMP Securities boosted their price target on shares of PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 1st. Finally, StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th. Twenty-one investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $73.48.

PayPal Stock Performance

PayPal stock opened at $60.61 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $63.40 billion, a PE ratio of 15.27, a P/E/G ratio of 0.98 and a beta of 1.43. The firm has a fifty day simple moving average of $63.60 and a two-hundred day simple moving average of $62.46. PayPal has a twelve month low of $50.25 and a twelve month high of $76.54.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. PayPal’s revenue was up 9.4% compared to the same quarter last year. Research analysts expect that PayPal will post 4.14 EPS for the current year.

Insider Transactions at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the sale, the director now directly owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On PayPal

Several institutional investors have recently bought and sold shares of the stock. Paralel Advisors LLC raised its position in shares of PayPal by 2,009.5% during the 3rd quarter. Paralel Advisors LLC now owns 525,213 shares of the credit services provider’s stock valued at $30,704,000 after buying an additional 500,315 shares in the last quarter. Covestor Ltd boosted its stake in PayPal by 96.3% during the third quarter. Covestor Ltd now owns 1,062 shares of the credit services provider’s stock worth $62,000 after buying an additional 521 shares during the period. Parkside Financial Bank & Trust boosted its stake in PayPal by 22.0% during the third quarter. Parkside Financial Bank & Trust now owns 3,318 shares of the credit services provider’s stock worth $194,000 after buying an additional 598 shares during the period. Operose Advisors LLC boosted its stake in PayPal by 17.5% during the third quarter. Operose Advisors LLC now owns 2,958 shares of the credit services provider’s stock worth $173,000 after buying an additional 440 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its stake in PayPal by 58.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 34,365 shares of the credit services provider’s stock worth $2,009,000 after buying an additional 12,667 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.