PayPal (PYPL) PT Raised to $83.00 at JPMorgan Chase

PayPal (NASDAQ:PYPL) had its target price increased by JPMorgan Chase from $81.00 to $83.00 in a research report issued to clients and investors on Thursday. The firm currently has an “overweight” rating on the credit services provider’s stock. JPMorgan Chase’s price target would suggest a potential upside of 12.16% from the company’s previous close.

Other analysts have also issued reports about the stock. Jefferies Group increased their target price on shares of PayPal from $86.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Stifel Nicolaus increased their target price on shares of PayPal from $77.00 to $79.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. Vetr raised shares of PayPal from a “hold” rating to a “buy” rating and set a $86.65 target price for the company in a research note on Thursday, February 1st. Nomura increased their target price on shares of PayPal to $97.00 and gave the company a “buy” rating in a research note on Thursday, March 15th. Finally, Mizuho reissued a “hold” rating and set a $75.00 target price on shares of PayPal in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirty-four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $78.94.

How to Become a New Pot Stock Millionaire

Shares of NASDAQ:PYPL opened at $74.00 on Thursday. The company has a market capitalization of $89,370.98, a PE ratio of 53.24, a P/E/G ratio of 2.48 and a beta of 1.28. PayPal has a twelve month low of $44.25 and a twelve month high of $86.32.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Wednesday, April 25th. The credit services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.59 billion. PayPal had a net margin of 13.71% and a return on equity of 11.59%. The business’s revenue for the quarter was up 23.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. research analysts anticipate that PayPal will post 1.73 earnings per share for the current year.

In other PayPal news, CFO John D. Rainey sold 50,977 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $77.68, for a total value of $3,959,893.36. Following the completion of the sale, the chief financial officer now directly owns 114,020 shares of the company’s stock, valued at $8,857,073.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Aaron Anderson sold 9,367 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $77.84, for a total transaction of $729,127.28. Following the completion of the sale, the vice president now directly owns 18,480 shares of the company’s stock, valued at $1,438,483.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 222,413 shares of company stock worth $17,321,428. Company insiders own 6.00% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Arcadia Investment Management Corp MI grew its position in PayPal by 230.4% in the fourth quarter. Arcadia Investment Management Corp MI now owns 1,434 shares of the credit services provider’s stock worth $106,000 after acquiring an additional 1,000 shares in the last quarter. Truewealth LLC bought a new stake in PayPal in the fourth quarter worth approximately $106,000. Front Row Advisors LLC bought a new stake in PayPal in the fourth quarter worth approximately $111,000. Risk Paradigm Group LLC grew its position in PayPal by 282.5% in the fourth quarter. Risk Paradigm Group LLC now owns 1,530 shares of the credit services provider’s stock worth $113,000 after acquiring an additional 1,130 shares in the last quarter. Finally, D Orazio & Associates Inc. grew its position in PayPal by 142.9% in the fourth quarter. D Orazio & Associates Inc. now owns 1,700 shares of the credit services provider’s stock worth $125,000 after acquiring an additional 1,000 shares in the last quarter. 81.50% of the stock is owned by institutional investors.

WARNING: “PayPal (PYPL) PT Raised to $83.00 at JPMorgan Chase” was reported by Week Herald and is the sole property of of Week Herald. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://weekherald.com/2018/04/26/paypal-pypl-pt-raised-to-83-00-at-jpmorgan-chase.html.

PayPal Company Profile

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Analyst Recommendations for PayPal (NASDAQ:PYPL)

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply