Paypal (NASDAQ:PYPL) Given New $159.00 Price Target at Royal Bank of Canada

Paypal (NASDAQ:PYPL) had its price objective upped by Royal Bank of Canada from $142.00 to $159.00 in a report published on Thursday, The Fly reports. The brokerage currently has a buy rating on the credit services provider’s stock.

Other analysts also recently issued reports about the company. BMO Capital Markets downgraded Paypal from an outperform rating to a market perform rating and set a $156.00 price objective for the company. in a research note on Thursday, May 14th. Rosenblatt Securities reissued a buy rating and issued a $128.00 price objective on shares of Paypal in a research note on Thursday, January 30th. Stephens increased their price objective on Paypal from $132.00 to $159.00 and gave the stock an overweight rating in a research note on Monday, May 18th. Robert W. Baird increased their price objective on Paypal from $125.00 to $152.00 in a research note on Thursday, May 7th. Finally, Guggenheim raised Paypal from a neutral rating to a buy rating and set a $133.00 target price for the company in a report on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $142.24.

PYPL stock traded up $6.22 during trading on Thursday, reaching $155.01. 9,861,004 shares of the stock were exchanged, compared to its average volume of 9,695,927. The firm’s 50 day moving average is $128.61 and its 200 day moving average is $113.41. Paypal has a twelve month low of $82.07 and a twelve month high of $155.49. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.50. The firm has a market cap of $171.35 billion, a P/E ratio of 98.11, a price-to-earnings-growth ratio of 3.48 and a beta of 1.11.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, May 6th. The credit services provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. The business had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.72 billion. Paypal had a return on equity of 16.06% and a net margin of 10.27%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.78 EPS. As a group, analysts predict that Paypal will post 2.4 earnings per share for the current fiscal year.

In related news, CEO Daniel H. Schulman sold 25,000 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $96.63, for a total value of $2,415,750.00. Following the sale, the chief executive officer now owns 620,703 shares in the company, valued at $59,978,530.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John D. Rainey sold 87,925 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $107.48, for a total value of $9,450,179.00. Following the completion of the sale, the chief financial officer now owns 229,139 shares in the company, valued at approximately $24,627,859.72. The disclosure for this sale can be found here. Insiders sold 255,625 shares of company stock worth $28,513,730 in the last quarter. 0.12% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the stock. Orser Capital Management LLC raised its position in Paypal by 5.2% during the fourth quarter. Orser Capital Management LLC now owns 23,810 shares of the credit services provider’s stock valued at $2,571,000 after purchasing an additional 1,180 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in Paypal by 1.6% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 506,950 shares of the credit services provider’s stock valued at $54,838,000 after purchasing an additional 7,851 shares in the last quarter. TLW Wealth Management LLC raised its position in Paypal by 111.8% during the fourth quarter. TLW Wealth Management LLC now owns 54,562 shares of the credit services provider’s stock valued at $5,902,000 after purchasing an additional 28,798 shares in the last quarter. Duncker Streett & Co. Inc. purchased a new stake in Paypal during the fourth quarter valued at about $98,000. Finally, M&G Investment Management Ltd. purchased a new stake in Paypal during the fourth quarter valued at about $566,000. Institutional investors own 82.83% of the company’s stock.

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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