Analysts Set PayPal Holdings, Inc. (NASDAQ:PYPL) PT at $88.42

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have received a consensus rating of “Moderate Buy” from the thirty-five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Fourteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $88.42.

A number of brokerages recently weighed in on PYPL. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and upped their price target for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Oppenheimer began coverage on PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Wells Fargo & Company raised their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Mizuho upped their price target on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Macquarie boosted their target price on shares of PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th.

PayPal Stock Performance

PayPal stock opened at $87.60 on Wednesday. The company has a market cap of $87.82 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. PayPal has a 12 month low of $55.77 and a 12 month high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock’s 50-day moving average is $85.87 and its 200-day moving average is $74.94.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm posted $0.97 earnings per share. PayPal’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts anticipate that PayPal will post 4.57 earnings per share for the current year.

Institutional Trading of PayPal

Several hedge funds have recently made changes to their positions in the stock. Bruce G. Allen Investments LLC increased its position in PayPal by 7.4% in the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after buying an additional 124 shares during the period. First United Bank & Trust increased its holdings in shares of PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after acquiring an additional 145 shares during the period. Ritholtz Wealth Management lifted its position in PayPal by 3.3% in the 3rd quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock valued at $369,000 after purchasing an additional 152 shares during the last quarter. Laraway Financial Advisors Inc boosted its stake in PayPal by 3.8% during the 3rd quarter. Laraway Financial Advisors Inc now owns 4,228 shares of the credit services provider’s stock valued at $330,000 after purchasing an additional 154 shares during the period. Finally, SYSTM Wealth Solutions LLC grew its position in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the last quarter. 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.