PayPal Holdings, Inc. (NASDAQ:PYPL) Given Consensus Rating of “Moderate Buy” by Analysts

PayPal Holdings, Inc. (NASDAQ:PYPL) has earned an average recommendation of “Moderate Buy” from the thirty-five analysts that are currently covering the firm, MarketBeat reports. Fourteen analysts have rated the stock with a hold recommendation, twenty have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $89.48.

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Barclays raised their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Stephens boosted their target price on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Susquehanna raised their price target on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Finally, Canaccord Genuity Group upped their price objective on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th.

PayPal Stock Performance

PYPL stock opened at $89.11 on Friday. The stock has a market cap of $89.34 billion, a P/E ratio of 21.27, a P/E/G ratio of 1.54 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50 day simple moving average of $87.76 and a 200 day simple moving average of $77.79. PayPal has a 52 week low of $55.77 and a 52 week high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the company posted $0.97 EPS. PayPal’s revenue was up 6.0% on a year-over-year basis. Research analysts anticipate that PayPal will post 4.58 earnings per share for the current fiscal year.

Institutional Trading of PayPal

Several institutional investors have recently modified their holdings of PYPL. Relyea Zuckerberg Hanson LLC boosted its holdings in PayPal by 113.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after purchasing an additional 3,976 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of PayPal during the 3rd quarter worth approximately $387,435,000. United Advisor Group LLC acquired a new stake in PayPal in the 3rd quarter valued at $810,000. FCG Investment Co bought a new stake in PayPal in the third quarter valued at $1,079,000. Finally, Equity Investment Corp raised its stake in PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after acquiring an additional 67,497 shares in the last quarter. Institutional investors and hedge funds 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.