PayPal (NASDAQ:PYPL) Earns Market Perform Rating from Analysts at Oppenheimer

Equities research analysts at Oppenheimer started coverage on shares of PayPal (NASDAQ:PYPL) in a report released on Tuesday, StockNewsAPI reports. The brokerage set a “market perform” rating on the credit services provider’s stock.

A number of other analysts have also recently weighed in on PYPL. Wells Fargo & Company raised their price target on PayPal from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. upped their target price on shares of PayPal from $77.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. StockNews.com downgraded PayPal from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. Mizuho reissued an “outperform” rating and issued a $90.00 price target on shares of PayPal in a report on Tuesday, August 20th. Finally, Monness Crespi & Hardt upped their price objective on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Seventeen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.38.

PayPal Trading Up 0.2 %

NASDAQ PYPL opened at $78.03 on Tuesday. PayPal has a one year low of $50.25 and a one year high of $80.63. The firm has a 50 day simple moving average of $69.12 and a 200-day simple moving average of $65.21. The firm has a market cap of $81.62 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.12 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 earnings per share. Equities research analysts anticipate that PayPal will post 4.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Distillate Capital Partners LLC lifted its holdings in PayPal by 156,934.7% during the 2nd quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock worth $19,957,000 after buying an additional 343,687 shares during the period. Fiduciary Alliance LLC lifted its position in shares of PayPal by 604.7% in the 1st quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock worth $3,452,000 after purchasing an additional 45,544 shares during the period. Cape Cod Five Cents Savings Bank acquired a new stake in shares of PayPal during the second quarter worth $3,014,000. 1832 Asset Management L.P. raised its position in shares of PayPal by 44.6% in the 1st quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock worth $83,000 after acquiring an additional 381 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of PayPal by 21.2% during the 2nd quarter. Blue Trust Inc. now owns 3,358 shares of the credit services provider’s stock valued at $195,000 after purchasing an additional 588 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.