PayPal (NASDAQ:PYPL) had its price target increased by BMO Capital Markets from $114.00 to $124.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the credit services provider's stock.

Other research analysts also recently issued reports about the company. Susquehanna reduced their price objective on PayPal from $125.00 to $115.00 in a report on Thursday, April 28th. Truist Financial raised their price objective on PayPal from $80.00 to $108.00 and gave the stock a hold rating in a report on Wednesday, August 3rd. Barclays reduced their price objective on PayPal from $200.00 to $125.00 in a report on Monday, May 2nd. Cowen reduced their price objective on PayPal from $174.00 to $104.00 in a report on Thursday, April 28th. Finally, Wolfe Research cut PayPal from an outperform rating to a peer perform rating in a research report on Wednesday, July 20th. One equities research 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 company's stock. According to MarketBeat, PayPal  has an average rating of Moderate Buy and a consensus price target of $139.43.

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PayPal Trading Down 1.7 %

Shares of NASDAQ PYPL opened at $95.32 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.19 and a current ratio of 1.23. The business's 50 day moving average price is $79.13 and its 200-day moving average price is $97.15. PayPal has a fifty-two week low of $67.58 and a fifty-two week high of $296.70. The company has a market cap of $110.38 billion, a price-to-earnings ratio of 54.78, a PEG ratio of 2.40 and a beta of 1.49.

Insiders Place Their Bets

In other PayPal news, EVP Peggy Alford sold 21,791 shares of the business's stock in a transaction that occurred 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 directly owns 18,100 shares in the company, valued at approximately $1,770,542. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Meridian Wealth Management LLC boosted its holdings in shares of  PayPal by 10.5% during the 2nd quarter. Meridian Wealth Management LLC now owns 18,087 shares of the credit services provider's stock worth $1,263,000 after purchasing an additional 1,721 shares during the last quarter.  Wealth Advisory Solutions LLC boosted its holdings in shares of  PayPal by 78.2% during the 2nd quarter. Wealth Advisory Solutions LLC now owns 58,318 shares of the credit services provider's stock worth $4,073,000 after purchasing an additional 25,595 shares during the last quarter.  Tamar Securities LLC boosted its holdings in shares of  PayPal by 6.2% during the 2nd quarter. Tamar Securities LLC now owns 74,707 shares of the credit services provider's stock worth $5,218,000 after purchasing an additional 4,390 shares during the last quarter.  M. Kulyk & Associates LLC boosted its holdings in shares of  PayPal by 27.7% during the 2nd quarter. M. Kulyk & Associates LLC now owns 3,160 shares of the credit services provider's stock worth $221,000 after purchasing an additional 685 shares during the last quarter.  Finally, Pinebridge Investments L.P. lifted its holdings in  PayPal by 17.6% in the second quarter. Pinebridge Investments L.P. now owns 256,149 shares of the credit services provider's stock valued at $17,889,000 after acquiring an additional 38,318 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More

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