Analysts Set PayPal Holdings, Inc. (NASDAQ:PYPL) PT at $89.48

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have received a consensus rating of “Moderate Buy” from the thirty-five analysts that are covering the firm, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a hold recommendation, twenty have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $89.48.

A number of equities research analysts have weighed in on the stock. Monness Crespi & Hardt upped their price objective on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Mizuho upped their price target on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Wells Fargo & Company lifted their price objective on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Finally, Keefe, Bruyette & Woods raised their price target on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a report on Monday, December 9th.

PayPal Trading Down 2.3 %

PYPL opened at $88.19 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal has a 52 week low of $55.77 and a 52 week high of $93.66. The stock has a market cap of $88.41 billion, a PE ratio of 21.05, a PEG ratio of 1.54 and a beta of 1.44. The business has a 50 day moving average of $87.87 and a 200-day moving average of $78.27.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the prior year, the firm earned $0.97 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts predict that PayPal will post 4.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PayPal

Several large investors have recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd purchased a new position in shares of PayPal during the 3rd quarter valued at $26,000. Rosenberg Matthew Hamilton lifted its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its position in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after acquiring an additional 272 shares during the last quarter. Planning Capital Management Corp grew its stake in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. grew its position 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 purchasing an additional 243 shares in the last quarter. 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.