PayPal (NASDAQ:PYPL) Price Target Increased to $115.00 by Analysts at KeyCorp

PayPal (NASDAQ:PYPLGet Rating) had its price target increased by KeyCorp from $100.00 to $115.00 in a research note released on Wednesday, The Fly reports. The brokerage currently has an overweight rating on the credit services provider’s stock.

Other analysts have also recently issued reports about the company. DA Davidson lowered their target price on PayPal from $131.00 to $120.00 in a research note on Monday, August 1st. Canaccord Genuity Group lowered their target price on PayPal from $215.00 to $160.00 and set a buy rating for the company in a research note on Thursday, April 28th. JPMorgan Chase & Co. lowered their target price on PayPal from $127.00 to $112.00 in a research note on Wednesday, July 20th. Credit Suisse Group lowered their target price on PayPal from $100.00 to $95.00 and set an outperform rating for the company in a research note on Wednesday, June 22nd. Finally, Royal Bank of Canada lowered their target price on PayPal from $110.00 to $92.00 in a research note on Friday, July 15th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $139.43.

PayPal Stock Performance

Shares of PYPL stock 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. The stock has a market cap of $110.38 billion, a PE ratio of 54.78, a price-to-earnings-growth ratio of 2.23 and a beta of 1.49. The stock has a 50-day moving average of $79.13 and a 200-day moving average of $98.21. PayPal has a one year low of $67.58 and a one year high of $296.70.

Insider Transactions at PayPal

In other news, EVP Peggy Alford sold 21,791 shares of PayPal stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $97.82, for a total transaction of $2,131,595.62. Following the completion of the sale, the executive vice president now owns 18,100 shares of the company’s stock, valued at $1,770,542. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On PayPal

Hedge funds and other institutional investors have recently modified their holdings of the company. Sittner & Nelson LLC increased its position in shares of PayPal by 13.5% in the fourth quarter. Sittner & Nelson LLC now owns 690 shares of the credit services provider’s stock worth $130,000 after purchasing an additional 82 shares during the period. Tsfg LLC increased its position in shares of PayPal by 11.8% in the fourth quarter. Tsfg LLC now owns 785 shares of the credit services provider’s stock worth $148,000 after purchasing an additional 83 shares during the period. Wiley BROS. Aintree Capital LLC increased its position in shares of PayPal by 1.9% in the first quarter. Wiley BROS. Aintree Capital LLC now owns 4,892 shares of the credit services provider’s stock worth $566,000 after purchasing an additional 90 shares during the period. Brighton Jones LLC increased its position in shares of PayPal by 1.1% in the fourth quarter. Brighton Jones LLC now owns 8,105 shares of the credit services provider’s stock worth $1,529,000 after purchasing an additional 91 shares during the period. Finally, Magnus Financial Group LLC increased its position in shares of PayPal by 8.3% in the fourth quarter. Magnus Financial Group LLC now owns 1,183 shares of the credit services provider’s stock worth $223,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 75.90% of the company’s stock.

About PayPal

(Get Rating)

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.

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