PayPal Holdings, Inc. (NASDAQ:PYPL) Receives $90.03 Average Target Price from Analysts

PayPal Holdings, Inc. (NASDAQ:PYPL) has earned an average recommendation of “Moderate Buy” from the thirty-five analysts that are covering the company, MarketBeat reports. Fourteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $90.03.

A number of brokerages have weighed in on PYPL. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a report on Friday, December 13th. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Friday, February 28th. Morgan Stanley raised their target price on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Susquehanna raised their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a report on Wednesday, February 26th.

PayPal Trading Up 1.6 %

Shares of NASDAQ:PYPL opened at $70.00 on Monday. The company has a market capitalization of $69.25 billion, a P/E ratio of 17.46, a P/E/G ratio of 1.27 and a beta of 1.52. PayPal has a 1 year low of $56.97 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50 day simple moving average is $78.82 and its 200 day simple moving average is $80.89.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 earnings per share. On average, research analysts anticipate that PayPal will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in PYPL. United Bank raised its position in shares of PayPal by 9.7% in the 3rd quarter. United Bank now owns 8,941 shares of the credit services provider’s stock worth $698,000 after acquiring an additional 794 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in shares of PayPal by 12.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 13,862 shares of the credit services provider’s stock worth $1,082,000 after acquiring an additional 1,555 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of PayPal by 4.2% in the 3rd quarter. Natixis Advisors LLC now owns 591,223 shares of the credit services provider’s stock valued at $46,133,000 after buying an additional 23,890 shares during the period. Seizert Capital Partners LLC acquired a new stake in shares of PayPal in the 3rd quarter valued at about $34,374,000. Finally, Sather Financial Group Inc grew its stake in shares of PayPal by 11.4% in the 3rd quarter. Sather Financial Group Inc now owns 749,481 shares of the credit services provider’s stock valued at $58,482,000 after buying an additional 76,895 shares during the period. 68.32% of the stock is owned by institutional investors.

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.