PayPal’s (PYPL) Neutral Rating Reaffirmed at The Goldman Sachs Group

The Goldman Sachs Group restated their neutral rating on shares of PayPal (NASDAQ:PYPL) in a research report sent to investors on Thursday, Benzinga reports. They currently have a $69.00 price target on the credit services provider’s stock.

A number of other brokerages have also recently commented on PYPL. Robert W. Baird lifted their price objective on PayPal from $77.00 to $80.00 and gave the stock an outperform rating in a research note on Wednesday, July 31st. Susquehanna boosted their target price on PayPal from $71.00 to $83.00 and gave the company a positive rating in a research note on Wednesday, July 31st. Sanford C. Bernstein raised PayPal from a market perform rating to an outperform rating and boosted their target price for the company from $71.00 to $78.00 in a research note on Wednesday, July 31st. Citigroup boosted their target price on PayPal from $79.00 to $81.00 and gave the company a buy rating in a research note on Monday, June 10th. Finally, Wells Fargo & Company boosted their target price on PayPal from $65.00 to $70.00 and gave the company an equal weight rating in a research note on Wednesday, July 31st. Seventeen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of $75.58.

PayPal Trading Up 6.1 %

PYPL stock opened at $77.57 on Thursday. The company has a market cap of $81.14 billion, a P/E ratio of 19.54, a PEG ratio of 1.00 and a beta of 1.43. PayPal has a twelve month low of $50.25 and a twelve month high of $78.25. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The business has a fifty day moving average of $66.68 and a 200-day moving average of $64.26.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The business had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts expect that PayPal will post 4.42 EPS for the current year.

Institutional Trading of PayPal

Several institutional investors and hedge funds have recently bought and sold shares of PYPL. Gryphon Financial Partners LLC raised its stake in PayPal by 36.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 9,659 shares of the credit services provider’s stock valued at $593,000 after buying an additional 2,569 shares during the period. Balentine LLC bought a new stake in PayPal in the fourth quarter valued at approximately $266,000. Franklin Resources Inc. raised its stake in PayPal by 198.4% in the fourth quarter. Franklin Resources Inc. now owns 429,954 shares of the credit services provider’s stock valued at $26,403,000 after buying an additional 285,847 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in PayPal by 109.8% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,417 shares of the credit services provider’s stock valued at $148,000 after buying an additional 1,265 shares during the period. Finally, SageView Advisory Group LLC bought a new stake in PayPal in the fourth quarter valued at approximately $294,000. Institutional investors own 68.32% of the company’s stock.

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.