PayPal (NASDAQ:PYPL) Given New $101.00 Price Target at Susquehanna

PayPal (NASDAQ:PYPL) had its price objective increased by investment analysts at Susquehanna from $94.00 to $101.00 in a report issued on Monday,Benzinga reports. The firm currently has a “positive” rating on the credit services provider’s stock. Susquehanna’s target price would suggest a potential upside of 13.38% from the stock’s current price.

Several other equities research analysts also recently weighed in on PYPL. UBS Group increased their price target on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. The Goldman Sachs Group boosted their price target on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research report on Friday, December 13th. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $88.65.

PayPal Stock Performance

Shares of PYPL stock traded up $1.48 during mid-day trading on Monday, reaching $89.08. The stock had a trading volume of 1,407,021 shares, compared to its average volume of 4,425,595. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal has a 1-year low of $55.77 and a 1-year high of $93.66. The firm has a market cap of $89.31 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.66 and a beta of 1.44. The business’s fifty day moving average is $85.87 and its 200-day moving average is $74.94.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. On average, research analysts forecast that PayPal will post 4.57 earnings per share for the current year.

Hedge Funds Weigh In On PayPal

A number of institutional investors have recently modified their holdings of the business. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal in the 3rd quarter worth $26,000. SYSTM Wealth Solutions LLC raised its position in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Planning Capital Management Corp lifted its stake in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after buying an additional 243 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new position in PayPal during the third quarter worth $36,000. 68.32% of the stock is owned by institutional investors and hedge funds.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.