PayPal Holdings, Inc. (NASDAQ:PYPL) Receives $73.82 Average PT from Brokerages

PayPal Holdings, Inc. (NASDAQ:PYPL) has been assigned an average rating of “Hold” from the thirty-six research firms that are presently covering the firm, MarketBeat.com reports. Twenty investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $73.82.

A number of equities research analysts recently commented on PYPL shares. Sanford C. Bernstein upped their price objective on PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. The Goldman Sachs Group restated a “neutral” rating and issued a $69.00 price target on shares of PayPal in a report on Monday, June 24th. Susquehanna upgraded PayPal from a “neutral” rating to a “positive” rating and set a $71.00 price target for the company in a report on Tuesday, July 2nd. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $78.00 price target on shares of PayPal in a report on Thursday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $84.00 price target on shares of PayPal in a report on Friday, June 28th.

PayPal Price Performance

Shares of PYPL stock opened at $60.27 on Wednesday. The stock’s fifty day simple moving average is $61.92 and its 200 day simple moving average is $62.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $63.05 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 0.96 and a beta of 1.42. PayPal has a one year low of $50.25 and a one year high of $76.54.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The business had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. PayPal’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. On average, analysts expect that PayPal will post 4.14 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the sale, the director now owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On PayPal

A number of institutional investors have recently modified their holdings of PYPL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of PayPal during the fourth quarter worth approximately $25,000. Pittenger & Anderson Inc. increased its holdings in PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares during the period. American National Bank purchased a new position in PayPal during the first quarter valued at approximately $27,000. Private Wealth Management Group LLC purchased a new position in PayPal during the fourth quarter valued at approximately $29,000. Finally, Register Financial Advisors LLC purchased a new position in PayPal during the first quarter valued at approximately $30,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.