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

PayPal Holdings, Inc. (NASDAQ:PYPL) has been given an average recommendation of “Moderate Buy” by the thirty-five research firms that are presently covering the stock, Marketbeat Ratings reports. Fourteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $89.48.

Several research firms have recently commented on PYPL. Robert W. Baird increased their target price on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup raised their price objective on shares of PayPal from $94.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Phillip Securities restated an “accumulate” rating and issued a $90.00 target price (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research report on Friday, December 13th. Finally, Piper Sandler boosted their price objective on PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a report on Friday, January 24th.

Institutional Investors Weigh In On PayPal

Institutional investors and hedge funds have recently bought and sold shares of the business. J.P. Marvel Investment Advisors LLC lifted its stake in PayPal by 309.4% during the fourth quarter. J.P. Marvel Investment Advisors LLC now owns 61,417 shares of the credit services provider’s stock valued at $5,242,000 after purchasing an additional 46,417 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of PayPal during the 4th quarter valued at $423,000. Allworth Financial LP lifted its position in shares of PayPal by 245.7% during the 4th quarter. Allworth Financial LP now owns 19,800 shares of the credit services provider’s stock valued at $1,779,000 after acquiring an additional 14,073 shares during the last quarter. Principal Securities Inc. grew its holdings in shares of PayPal by 35.1% in the 4th quarter. Principal Securities Inc. now owns 22,531 shares of the credit services provider’s stock worth $1,923,000 after acquiring an additional 5,858 shares during the last quarter. Finally, Everhart Financial Group Inc. raised its position in shares of PayPal by 16.4% during the fourth quarter. Everhart Financial Group Inc. now owns 4,619 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 652 shares during the period. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Trading Up 0.9 %

NASDAQ:PYPL opened at $89.57 on Friday. The business’s 50-day moving average is $88.04 and its two-hundred day moving average is $78.53. The firm has a market capitalization of $89.80 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.54 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.

PayPal (NASDAQ:PYPL) last announced its earnings results 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. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts predict that PayPal will post 4.58 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.