PayPal (NASDAQ:PYPL) Given New $94.00 Price Target at Susquehanna

PayPal (NASDAQ:PYPL) had its price target raised by equities research analysts at Susquehanna from $83.00 to $94.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “positive” rating on the credit services provider’s stock. Susquehanna’s price target would suggest a potential upside of 19.73% from the company’s current price.

Several other brokerages also recently commented on PYPL. Oppenheimer initiated coverage on shares of PayPal in a report on Tuesday, October 1st. They set a “market perform” rating for the company. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday. Mizuho raised their target price on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $80.00 price objective on shares of PayPal in a report on Wednesday, July 31st. Seventeen investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.13.

PayPal Stock Performance

NASDAQ:PYPL traded down $1.77 during trading hours on Wednesday, reaching $78.51. The stock had a trading volume of 3,058,624 shares, compared to its average volume of 13,580,730. The stock has a market cap of $82.13 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a 50 day simple moving average of $76.10 and a 200 day simple moving average of $67.41. PayPal has a 12-month low of $50.80 and a 12-month high of $83.70.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.08 by $0.12. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the company earned $0.97 earnings per share. PayPal’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, research analysts forecast that PayPal will post 4.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pittenger & Anderson Inc. increased its stake in PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares during the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares during the period. CarsonAllaria Wealth Management Ltd. increased its position in shares of PayPal by 65.8% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 185 shares during the last quarter. Family Firm Inc. purchased a new stake in PayPal during the 2nd quarter valued at $29,000. Finally, SYSTM Wealth Solutions LLC lifted its position in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Company Profile

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.