PayPal Holdings, Inc. (NASDAQ:PYPL) Receives $83.45 Average PT from Analysts

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have been given a consensus recommendation of “Moderate Buy” by the thirty-four brokerages that are presently covering the firm, MarketBeat reports. Fifteen analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $83.45.

A number of equities research analysts have issued reports on PYPL shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $78.00 price objective on shares of PayPal in a research note on Wednesday, September 18th. Daiwa America upgraded shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 9th. William Blair upgraded shares of PayPal to a “hold” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. raised their target price on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Phillip Securities restated an “accumulate” rating and set a $90.00 price objective (up from $80.00) on shares of PayPal in a research report on Friday, November 1st.

PayPal Stock Down 1.4 %

NASDAQ PYPL opened at $84.67 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market cap of $84.89 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.53 and a beta of 1.43. The company has a 50 day moving average of $79.17 and a 200-day moving average of $69.16. PayPal has a 1-year low of $55.28 and a 1-year high of $87.92.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data 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. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 EPS. On average, equities research analysts expect that PayPal will post 4.56 earnings per share for the current fiscal year.

Institutional Trading of PayPal

Several institutional investors have recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal in the 3rd quarter worth about $26,000. Family Firm Inc. purchased a new stake in shares of PayPal in the 2nd quarter worth $29,000. SYSTM Wealth Solutions LLC raised its stake in shares of PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after buying an additional 167 shares during the period. Tortoise Investment Management LLC lifted its holdings in PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 465 shares in the last quarter. Finally, Planning Capital Management Corp increased its stake in shares of PayPal by 186.1% in 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 in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.