PayPal Holdings, Inc. (NASDAQ:PYPL) Receives Consensus Rating of “Moderate Buy” from Brokerages

PayPal Holdings, Inc. (NASDAQ:PYPL) has earned an average recommendation of “Moderate Buy” from the thirty-five brokerages that are presently covering the firm, MarketBeat.com reports. Sixteen analysts have rated the stock with a hold recommendation, eighteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $77.70.

A number of brokerages have commented on PYPL. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $80.00 price objective on shares of PayPal in a report on Wednesday, July 31st. William Blair raised PayPal to a “hold” rating in a research note on Tuesday, July 30th. TD Cowen raised their target price on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $78.00 price target on shares of PayPal in a research report on Wednesday, September 18th. Finally, Robert W. Baird boosted their price objective on shares of PayPal from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st.

Hedge Funds Weigh In On PayPal

A number of institutional investors have recently made changes to their positions in the business. Pittenger & Anderson Inc. increased its holdings in shares of PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. American National Bank acquired a new stake in shares of PayPal in the first quarter valued at $27,000. Register Financial Advisors LLC acquired a new stake in shares of PayPal in the first quarter valued at $30,000. CarsonAllaria Wealth Management Ltd. lifted its holdings in shares of PayPal by 65.8% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 185 shares during the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of PayPal during the second quarter valued at $29,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

NASDAQ PYPL opened at $79.82 on Friday. The stock has a market cap of $83.50 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.49 and a beta of 1.44. PayPal has a 52-week low of $50.25 and a 52-week high of $82.00. The business has a 50 day simple moving average of $73.83 and a 200 day simple moving average of $66.50. 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 results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. Analysts anticipate that PayPal will post 4.42 earnings per share 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.