Brokerages Set PayPal Holdings, Inc. (NASDAQ:PYPL) Target Price at $88.42

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have been assigned an average recommendation of “Moderate Buy” from the thirty-six brokerages that are currently covering the stock, MarketBeat reports. Fifteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $88.42.

Several analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price objective on shares of PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Deutsche Bank Aktiengesellschaft boosted their price target on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Phillip Securities reiterated an “accumulate” rating and issued a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Finally, Macquarie boosted their price objective on PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th.

PayPal Trading Up 1.6 %

PayPal stock opened at $87.60 on Wednesday. PayPal has a one year low of $55.77 and a one year high of $93.66. The company’s fifty day moving average price is $85.76 and its two-hundred day moving average price is $74.53. The company has a market capitalization of $87.82 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. On average, analysts forecast that PayPal will post 4.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PayPal

Large investors have recently made changes to their positions in the company. Bruce G. Allen Investments LLC grew its position in shares of PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after buying an additional 124 shares during the period. First United Bank & Trust raised its stake in shares of PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after purchasing an additional 145 shares during the period. Ritholtz Wealth Management lifted its stake in PayPal by 3.3% in the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after acquiring an additional 152 shares in the last quarter. Laraway Financial Advisors Inc lifted its position in shares of PayPal by 3.8% in the third quarter. Laraway Financial Advisors Inc now owns 4,228 shares of the credit services provider’s stock worth $330,000 after purchasing an additional 154 shares in the last quarter. Finally, SYSTM Wealth Solutions LLC grew its holdings in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares in the last quarter. Institutional investors and hedge funds 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.