Shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Get Free Report) have been assigned an average rating of “Moderate Buy” from the thirty-five ratings firms that are currently covering the company, MarketBeat.com reports. Fourteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $89.48.
Several research analysts have issued reports on the company. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Robert W. Baird lifted their target price on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Mizuho raised their price objective on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Morgan Stanley raised their price target on PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th.
Check Out Our Latest Research Report on PayPal
PayPal Price Performance
PayPal (NASDAQ:PYPL – Get Free Report) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the firm posted $0.97 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts expect that PayPal will post 4.58 EPS for the current year.
Institutional Trading of PayPal
Several large investors have recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal in the third quarter valued at approximately $26,000. Rosenberg Matthew Hamilton lifted its stake in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares during the period. Sugarloaf Wealth Management LLC increased its stake in shares of PayPal by 344.3% in 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 period. Planning Capital Management Corp raised its holdings in shares of PayPal by 186.1% during the third 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. Finally, Financial Management Professionals Inc. boosted its holdings in PayPal by 125.3% in 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 during 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.
Featured Articles
- Five stocks we like better than PayPal
- How to Calculate Inflation Rate
- Survey Reveals: Top 150 Best Coffee Shops for Remote Workers and Business Deals [2025]
- Dividend Payout Ratio Calculator
- What Does the Future Hold for Eli Lilly?
- 5 Top Rated Dividend Stocks to Consider
- Oracle Stock Drops Nearly 14% – Is Now the Time to Buy?
Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.