PayPal (NASDAQ:PYPL) Trading Up 1.9% After Analyst Upgrade

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price traded up 1.9% during trading on Monday after Susquehanna raised their price target on the stock from $94.00 to $101.00. Susquehanna currently has a positive rating on the stock. PayPal traded as high as $89.53 and last traded at $89.30. 2,092,401 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 4,664,614 shares. The stock had previously closed at $87.60.

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. boosted their price target on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Macquarie boosted their target price on shares of PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. UBS Group raised their price target on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird upped their price objective on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Monness Crespi & Hardt lifted their target price on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $88.65.

Institutional Investors Weigh In On PayPal

Institutional investors and hedge funds have recently modified their holdings of the stock. Gordian Capital Singapore Pte Ltd acquired a new position in shares of PayPal in the third quarter worth about $26,000. SYSTM Wealth Solutions LLC lifted its position 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. Planning Capital Management Corp boosted its position in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the period. Financial Management Professionals Inc. grew its holdings in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after buying an additional 243 shares in the last quarter. Finally, Legacy Investment Solutions LLC acquired a new position in PayPal during the third quarter valued at $36,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

The stock has a market capitalization of $89.53 billion, a PE ratio of 21.31, a P/E/G ratio of 1.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a 50 day moving average of $85.87 and a 200-day moving average of $74.94.

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

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.