Evercore ISI Raises PayPal (NASDAQ:PYPL) Price Target to $136.00

PayPal (NASDAQ:PYPL – Get Rating) had its price objective raised by Evercore ISI from $124.00 to $136.00 in a research note released on Wednesday morning, Benzinga reports. They currently have an outperform rating on the credit services provider’s stock.

Other equities analysts also recently issued research reports about the stock. Cowen lowered their price target on shares of PayPal from $174.00 to $104.00 in a report on Thursday, April 28th. Credit Suisse Group lowered their target price on shares of PayPal from $100.00 to $95.00 and set an outperform rating on the stock in a report on Wednesday, June 22nd. Cowen lowered their target price on shares of PayPal from $174.00 to $104.00 in a report on Thursday, April 28th. UBS Group lowered their target price on shares of PayPal from $143.00 to $136.00 and set a buy rating on the stock in a report on Wednesday. Finally, KeyCorp boosted their target price on shares of PayPal from $100.00 to $115.00 and gave the stock an overweight rating in a report on Wednesday. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $139.43.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $95.32 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 1.19. PayPal has a 1-year low of $67.58 and a 1-year high of $296.70. The company has a market capitalization of $110.38 billion, a P/E ratio of 54.78, a P/E/G ratio of 2.23 and a beta of 1.49. The firm’s 50 day simple moving average is $79.13 and its two-hundred day simple moving average is $98.21.

Insider Transactions at PayPal

In other news, EVP Peggy Alford sold 21,791 shares of the company’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $97.82, for a total value of $2,131,595.62. Following the transaction, the executive vice president now directly owns 18,100 shares in the company, valued at $1,770,542. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PYPL. Oliver Lagore Vanvalin Investment Group purchased a new stake in PayPal in the first quarter worth about $28,000. Curi Wealth Management LLC purchased a new stake in PayPal in the fourth quarter worth about $30,000. Financial Management Professionals Inc. lifted its stake in PayPal by 272.5% in the second quarter. Financial Management Professionals Inc. now owns 447 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 327 shares during the period. Addison Advisors LLC lifted its stake in PayPal by 100.7% in the first quarter. Addison Advisors LLC now owns 279 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 140 shares during the period. Finally, Disciplined Investments LLC lifted its stake in PayPal by 82.9% in the first quarter. Disciplined Investments LLC now owns 311 shares of the credit services provider’s stock worth $36,000 after acquiring an additional 141 shares during the period. 75.90% of the stock is currently owned by institutional investors.

PayPal Company Profile

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PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.