PayPal (NASDAQ:PYPL) Given New $101.00 Price Target at Susquehanna

PayPal (NASDAQ:PYPL) had its price objective boosted by Susquehanna from $94.00 to $101.00 in a report published on Monday morning, MarketBeat reports. The firm currently has a positive rating on the credit services provider’s stock.

Several other research firms also recently weighed in on PYPL. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Mizuho upped their target price on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $86.00 to $103.00 in a report on Monday, December 9th. Robert W. Baird boosted their price target on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and an average target price of $88.65.

PayPal Stock Up 2.2 %

Shares of PYPL stock opened at $89.53 on Monday. The company has a market capitalization of $89.76 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The company’s fifty day moving average price is $85.99 and its 200-day moving average price is $75.15. PayPal has a one year low of $55.77 and a one year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. Sell-side analysts expect that PayPal will post 4.57 EPS for the current fiscal year.

Hedge Funds Weigh In On PayPal

Hedge funds have recently bought and sold shares of the business. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of PayPal during the third quarter valued at $26,000. SYSTM Wealth Solutions LLC lifted its holdings in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares in the last quarter. Planning Capital Management Corp boosted its position in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares during the period. Financial Management Professionals Inc. grew its stake in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 243 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in PayPal in the 3rd quarter worth about $36,000. Institutional investors own 68.32% of the company’s stock.

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.