PayPal (NASDAQ:PYPL) Given “Outperform” Rating at Mizuho

Mizuho reaffirmed their outperform rating on shares of PayPal (NASDAQ:PYPL) in a research report report published on Tuesday, Benzinga reports. Mizuho currently has a $90.00 price target on the credit services provider’s stock.

A number of other equities research analysts have also recently commented on PYPL. Royal Bank of Canada restated an outperform rating and set a $84.00 target price on shares of PayPal in a research report on Wednesday, July 31st. Canaccord Genuity Group restated a buy rating and set a $80.00 target price on shares of PayPal in a research report on Wednesday, July 31st. Macquarie raised their target price on PayPal from $85.00 to $90.00 and gave the company an outperform rating in a research report on Wednesday, July 31st. The Goldman Sachs Group restated a neutral rating and set a $69.00 target price on shares of PayPal in a research report on Monday, June 24th. Finally, Barclays raised their target price on PayPal from $81.00 to $85.00 and gave the company an overweight rating in a research report on Thursday, August 1st. Seventeen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, PayPal currently has a consensus rating of Moderate Buy and an average target price of $75.56.

PayPal Stock Performance

Shares of PYPL stock opened at $71.89 on Tuesday. The firm has a market capitalization of $75.20 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The business has a fifty day moving average of $61.41 and a 200 day moving average of $62.48. PayPal has a 1 year low of $50.25 and a 1 year high of $72.56.

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

Insider Buying and Selling at PayPal

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following 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 filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

Institutional Trading of PayPal

A number of large investors have recently modified their holdings of PYPL. Pittenger & Anderson Inc. increased its position in shares of PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares during the period. American National Bank purchased a new stake in shares of PayPal during the first quarter worth $27,000. Private Wealth Management Group LLC purchased a new stake in shares of PayPal during the fourth quarter worth $29,000. Family Firm Inc. purchased a new stake in shares of PayPal during the second quarter worth $29,000. Finally, SYSTM Wealth Solutions LLC increased its position in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares during the period. 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.