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

PayPal Holdings, Inc. (NASDAQ:PYPL) has been given an average recommendation of “Moderate Buy” by the thirty-six ratings firms that are currently covering the company, MarketBeat.com reports. Sixteen equities research analysts have rated the stock with a hold recommendation, nineteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $75.58.

A number of equities research analysts recently commented on PYPL shares. Barclays raised their price objective on shares of PayPal from $81.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $84.00 target price on shares of PayPal in a research report on Wednesday, July 31st. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $69.00 target price on shares of PayPal in a research report on Thursday. William Blair raised shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. Finally, Evercore ISI raised their target price on shares of PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th.

PayPal Trading Down 1.0 %

Shares of NASDAQ:PYPL opened at $76.76 on Monday. PayPal has a 12 month low of $50.25 and a 12 month high of $78.25. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $67.01 and its 200 day simple moving average is $64.46. The firm has a market cap of $80.29 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.01 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same period last year, the business posted $0.83 earnings per share. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. As a group, research analysts forecast that PayPal will post 4.42 EPS for the current fiscal year.

Institutional Trading of PayPal

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Anchor Investment Management LLC raised its position in shares of PayPal by 5.8% in the 2nd quarter. Anchor Investment Management LLC now owns 32,044 shares of the credit services provider’s stock valued at $1,860,000 after buying an additional 1,756 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of PayPal in the 2nd quarter valued at approximately $17,707,000. Cim LLC raised its position in shares of PayPal by 2.2% in the 2nd quarter. Cim LLC now owns 98,432 shares of the credit services provider’s stock valued at $5,712,000 after buying an additional 2,152 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of PayPal in the 2nd quarter valued at approximately $9,517,000. Finally, Brown Financial Advisors acquired a new position in shares of PayPal in the 2nd quarter valued at approximately $1,454,000. 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.