PayPal Holdings, Inc. (NASDAQ:PYPL) Given Average Rating of “Moderate Buy” by Brokerages

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have been given a consensus recommendation of “Moderate Buy” by the thirty-four analysts that are presently covering the firm, MarketBeat.com reports. Fifteen equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $83.45.

Several brokerages have recently weighed in on PYPL. Jefferies Financial Group cut their price objective on shares of PayPal from $70.00 to $65.00 in a report on Monday, July 29th. The Goldman Sachs Group upped their target price on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Royal Bank of Canada lifted their price objective on shares of PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $78.00 target price on shares of PayPal in a research note on Wednesday, September 18th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Planning Capital Management Corp grew its stake in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Financial Management Professionals Inc. lifted its position in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of PayPal in the second quarter worth $29,000. SYSTM Wealth Solutions LLC boosted its position in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of PayPal during the first quarter worth approximately $34,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

PYPL opened at $86.94 on Tuesday. PayPal has a 1-year low of $53.98 and a 1-year high of $87.47. The stock has a market cap of $87.16 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.48 and a beta of 1.43. The stock’s 50 day simple moving average is $77.37 and its 200 day simple moving average is $68.33. 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 (EPS) for the quarter, beating the consensus estimate 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 business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 earnings per share. As a group, equities analysts anticipate that PayPal will post 4.56 EPS 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.