PayPal Holdings, Inc. (NASDAQ:PYPL) Receives Average Rating of “Moderate Buy” from Brokerages

PayPal Holdings, Inc. (NASDAQ:PYPL) has been given a consensus recommendation of “Moderate Buy” by the thirty-four ratings firms that are currently covering the company, MarketBeat Ratings reports. Fifteen analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $83.45.

A number of analysts have commented on PYPL shares. JPMorgan Chase & Co. lifted their target price on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Oppenheimer began coverage on PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft raised their target price on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Macquarie upped their price target on PayPal from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd.

PayPal Stock Up 4.7 %

PYPL opened at $86.94 on Tuesday. The firm has a market cap of $87.16 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.48 and a beta of 1.43. The firm’s 50-day simple moving average is $77.37 and its 200-day simple moving average is $68.33. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. PayPal has a twelve month low of $53.98 and a twelve month high of $87.47.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. Equities research analysts anticipate that PayPal will post 4.56 EPS for the current fiscal year.

Institutional Trading of PayPal

Several institutional investors and hedge funds have recently bought and sold shares of PYPL. Mizuho Securities USA LLC lifted its holdings in PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after purchasing an additional 10,419,351 shares during the last quarter. Primecap Management Co. CA raised its position in shares of PayPal by 180.7% in the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after purchasing an additional 3,184,160 shares during the period. Clearbridge Investments LLC lifted its stake in shares of PayPal by 28.1% during the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after buying an additional 1,866,925 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of PayPal by 9,864.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider’s stock worth $87,336,000 after buying an additional 1,108,030 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in PayPal by 139.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,544,179 shares of the credit services provider’s stock valued at $120,492,000 after buying an additional 899,476 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

About PayPal

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.