PayPal (NASDAQ:PYPL) Rating Reiterated by Mizuho

PayPal (NASDAQ:PYPL)‘s stock had its “outperform” rating reaffirmed by analysts at Mizuho in a report issued on Tuesday, Benzinga reports. They currently have a $90.00 price objective on the credit services provider’s stock. Mizuho’s price objective would indicate a potential upside of 25.84% from the stock’s previous close.

A number of other research analysts have also weighed in on the stock. Argus raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Sanford C. Bernstein raised shares of PayPal from a “market perform” rating to an “outperform” rating and increased their price target for the company from $71.00 to $78.00 in a report on Wednesday, July 31st. Royal Bank of Canada reissued an “outperform” rating and set a $84.00 price objective on shares of PayPal in a research note on Wednesday, July 31st. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Robert W. Baird boosted their target price on PayPal from $77.00 to $80.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Seventeen 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.56.

PayPal Price Performance

Shares of NASDAQ:PYPL traded up $2.09 during midday trading on Tuesday, reaching $71.52. 16,254,205 shares of the company were exchanged, compared to its average volume of 14,466,550. The stock has a market cap of $73.12 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 0.94 and a beta of 1.42. The business’s fifty day moving average is $61.27 and its two-hundred day moving average is $62.42. PayPal has a one year low of $50.25 and a one year high of $72.56. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating 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 business had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business’s revenue was up 8.2% on a year-over-year basis. As a group, analysts predict that PayPal will post 4.42 earnings per share for the current year.

Insider Activity at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the sale, the director now owns 13,976 shares in the company, valued at $861,620.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by insiders.

Institutional Trading of PayPal

Several hedge funds and other institutional investors have recently bought and sold shares of PYPL. SYSTM Wealth Solutions LLC increased its stake in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares in the last quarter. Pittenger & Anderson Inc. grew its holdings in shares of PayPal by 77.5% during the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after buying an additional 172 shares in the last quarter. Verity Asset Management Inc. raised its position in shares of PayPal by 1.9% in the first quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock valued at $650,000 after buying an additional 181 shares during the last quarter. Indiana Trust & Investment Management CO lifted its stake in shares of PayPal by 18.6% in the first quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock worth $79,000 after buying an additional 184 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in PayPal by 3.1% during the second quarter. Checchi Capital Advisers LLC now owns 6,166 shares of the credit services provider’s stock worth $358,000 after acquiring an additional 184 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

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.