Paypal (NASDAQ:PYPL) had its price objective lifted by research analysts at Deutsche Bank from $120.00 to $127.00 in a research report issued on Tuesday, The Fly reports. The firm currently has a “positive” rating on the credit services provider’s stock. Deutsche Bank’s price target would suggest a potential upside of 6.89% from the company’s current price.

A number of other research analysts have also issued reports on PYPL. Wedbush restated an “outperform” rating on shares of Alphabet in a report on Thursday, April 25th. Loop Capital reduced their target price on shares of J B Hunt Transport Services to $133.00 and set a “buy” rating on the stock in a report on Tuesday, April 16th. JPMorgan Chase & Co. set a $24.00 target price on shares of Urovant Sciences and gave the company a “buy” rating in a report on Friday, June 14th. BidaskClub upgraded shares of Kandi Technologies Group from a “strong sell” rating to a “sell” rating in a report on Friday, May 17th. Finally, Royal Bank of Canada restated a “sell” rating and issued a $7.50 target price on shares of Deutsche Bank in a report on Thursday, April 25th. Ten analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $111.66.

NASDAQ:PYPL opened at $118.81 on Tuesday. The stock has a market cap of $140.65 billion, a price-to-earnings ratio of 66.37, a price-to-earnings-growth ratio of 2.96 and a beta of 0.98. The company has a 50-day moving average price of $115.40. Paypal has a 12-month low of $74.66 and a 12-month high of $121.48.

Paypal (NASDAQ:PYPL) last released its earnings results on Wednesday, April 24th. The credit services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.11. The company had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.13 billion. Paypal had a net margin of 13.92% and a return on equity of 15.50%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS. On average, equities analysts anticipate that Paypal will post 2.26 EPS for the current year.

In related news, EVP Jonathan Auerbach sold 8,730 shares of the stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $113.80, for a total transaction of $993,474.00. Following the completion of the sale, the executive vice president now owns 120,470 shares of the company’s stock, valued at approximately $13,709,486. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel H. Schulman sold 30,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $112.38, for a total transaction of $3,371,400.00. Following the sale, the insider now directly owns 553,821 shares of the company’s stock, valued at approximately $62,238,403.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 180,714 shares of company stock valued at $19,911,348. Corporate insiders own 0.15% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Semmax Financial Advisors Inc. increased its position in Paypal by 630.2% during the 1st quarter. Semmax Financial Advisors Inc. now owns 314 shares of the credit services provider’s stock worth $33,000 after purchasing an additional 271 shares in the last quarter. Private Ocean LLC increased its position in Paypal by 386.7% during the 1st quarter. Private Ocean LLC now owns 365 shares of the credit services provider’s stock worth $38,000 after purchasing an additional 290 shares in the last quarter. CX Institutional increased its position in Paypal by 605.7% during the 1st quarter. CX Institutional now owns 374 shares of the credit services provider’s stock worth $39,000 after purchasing an additional 321 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in Paypal during the 1st quarter worth approximately $42,000. Finally, Liberty Wealth Management LLC acquired a new stake in Paypal during the 4th quarter worth approximately $39,000. 80.88% of the stock is owned by hedge funds and other institutional investors.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments 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 iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Analyst Recommendations for Paypal (NASDAQ:PYPL)

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