Brokerages Set PayPal Holdings, Inc. (NASDAQ:PYPL) Price Target at $90.03

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

PYPL has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Susquehanna boosted their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. 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. Robert W. Baird decreased their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, Keefe, Bruyette & Woods upped their price objective on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th.

PayPal Stock Up 1.6 %

Shares of PayPal stock opened at $70.00 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. PayPal has a 12 month low of $56.97 and a 12 month high of $93.66. The business has a fifty day simple moving average of $78.82 and a 200 day simple moving average of $80.89. The stock has a market cap of $69.25 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the previous year, the firm earned $1.48 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. Research analysts predict that PayPal will post 5.03 EPS for the current year.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PayPal

Large investors have recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal during the fourth quarter worth approximately $25,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal during the third quarter worth approximately $26,000. Rosenberg Matthew Hamilton increased its stake in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the period. Hurley Capital LLC bought a new position in shares of PayPal during the fourth quarter worth approximately $27,000. Finally, Sugarloaf Wealth Management LLC grew its position in 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 buying an additional 272 shares in the last quarter. 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.