Deutsche Bank Aktiengesellschaft Begins Coverage on PayPal (NASDAQ:PYPL)

Equities research analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of PayPal (NASDAQ:PYPL) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage set a “hold” rating and a $75.00 price target on the credit services provider’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 1.12% from the company’s current price.

Other research analysts have also issued research reports about the company. Macquarie dropped their target price on PayPal from $117.00 to $95.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Keefe, Bruyette & Woods dropped their target price on PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a report on Monday, March 31st. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Wednesday, April 30th. Evercore ISI initiated coverage on PayPal in a report on Wednesday, April 9th. They set an “in-line” rating and a $65.00 price target on the stock. Finally, Compass Point initiated coverage on PayPal in a report on Wednesday, April 23rd. They set a “sell” rating and a $56.00 price target on the stock. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, PayPal has an average rating of “Hold” and a consensus target price of $83.13.

PayPal Trading Up 0.4%

NASDAQ PYPL opened at $74.17 on Thursday. The business has a 50 day simple moving average of $72.75 and a 200 day simple moving average of $73.30. PayPal has a one year low of $55.85 and a one year high of $93.66. The stock has a market capitalization of $72.13 billion, a P/E ratio of 16.59, a P/E/G ratio of 1.20 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 earnings per share. Research analysts expect that PayPal will post 5.03 earnings per share for the current year.

Insider Activity

In related news, insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the transaction, the insider owned 48,483 shares in the company, valued at $3,550,894.92. The trade was a 7.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Diego Scotti sold 3,839 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the transaction, the executive vice president owned 16,989 shares in the company, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,796 shares of company stock valued at $863,028. Insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PYPL. J. Goldman & Co LP boosted its stake in PayPal by 11.9% during the 4th quarter. J. Goldman & Co LP now owns 261,322 shares of the credit services provider’s stock valued at $22,304,000 after purchasing an additional 27,812 shares during the last quarter. ExodusPoint Capital Management LP boosted its stake in PayPal by 223.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider’s stock valued at $22,622,000 after purchasing an additional 183,011 shares during the last quarter. StoneX Group Inc. boosted its stake in PayPal by 70.4% during the 4th quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider’s stock valued at $2,326,000 after purchasing an additional 11,260 shares during the last quarter. Proffitt & Goodson Inc. purchased a new stake in PayPal during the 1st quarter valued at $535,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in PayPal by 17.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,634,664 shares of the credit services provider’s stock valued at $651,619,000 after purchasing an additional 1,114,858 shares during the last quarter. Hedge funds and other 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.