PayPal Holdings, Inc. (NASDAQ:PYPL) Receives $75.56 Consensus Price Target from Analysts

PayPal Holdings, Inc. (NASDAQ:PYPL) has been given a consensus rating of “Moderate Buy” by the thirty-seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Seventeen investment analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $75.56.

PYPL has been the subject of several recent research reports. New Street Research started coverage on PayPal in a research report on Friday, May 31st. They set a “buy” rating and a $80.00 price objective for the company. Mizuho reissued an “outperform” rating and issued a $90.00 target price on shares of PayPal in a research note on Tuesday, August 20th. Wells Fargo & Company raised their target price on shares of PayPal from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Canaccord Genuity Group reissued a “buy” rating and set a $80.00 price target on shares of PayPal in a research report on Wednesday, July 31st. Finally, Jefferies Financial Group cut their price objective on PayPal from $70.00 to $65.00 in a research report on Monday, July 29th.

Hedge Funds Weigh In On PayPal

Several large investors have recently modified their holdings of the business. Brown Financial Advisors bought a new position in shares of PayPal during the second quarter worth about $1,454,000. Clearbridge Investments LLC increased its position in PayPal by 28.1% during the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after purchasing an additional 1,866,925 shares during the period. New Wave Wealth Advisors LLC bought a new position in PayPal during the 2nd quarter worth approximately $286,000. KPP Advisory Services LLC lifted its position in shares of PayPal by 29.2% in the 2nd quarter. KPP Advisory Services LLC now owns 5,821 shares of the credit services provider’s stock worth $338,000 after purchasing an additional 1,314 shares during the period. Finally, Granite Bay Wealth Management LLC bought a new stake in shares of PayPal in the 2nd quarter valued at $1,043,000. Institutional investors own 68.32% of the company’s stock.

PayPal Trading Down 1.0 %

NASDAQ:PYPL opened at $72.43 on Thursday. The business’s 50-day simple moving average is $63.21 and its 200-day simple moving average is $63.08. PayPal has a fifty-two week low of $50.25 and a fifty-two week high of $73.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $75.77 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 0.97 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Sell-side analysts expect that PayPal will post 4.42 earnings per share for the current fiscal year.

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.