Brokerages Set PayPal Holdings, Inc. (NASDAQ:PYPL) Price Target at $90.03

PayPal Holdings, Inc. (NASDAQ:PYPL) has received a consensus rating of “Moderate Buy” from the thirty-five research firms that are presently covering the stock, Marketbeat.com reports. Fourteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $90.03.

A number of research analysts have recently weighed in on the company. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price objective on shares of PayPal in a research report on Thursday, December 12th. Robert W. Baird lowered their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th.

PayPal Trading Up 0.7 %

Shares of NASDAQ:PYPL opened at $70.19 on Monday. The stock has a market capitalization of $69.43 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 1.27 and a beta of 1.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s 50-day simple moving average is $78.19 and its two-hundred day simple moving average is $80.92. PayPal has a 52-week low of $56.97 and a 52-week high of $93.66.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same period last year, the firm posted $1.48 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts expect that PayPal will post 5.03 EPS for the current year.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PayPal

Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of PayPal by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider’s stock worth $1,849,884,000 after buying an additional 271,836 shares during the period. FMR LLC lifted its holdings in shares of PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider’s stock worth $1,615,134,000 after buying an additional 2,161,582 shares during the period. Capital Research Global Investors lifted its holdings in shares of PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider’s stock worth $1,529,823,000 after buying an additional 9,313,783 shares during the period. Norges Bank purchased a new stake in shares of PayPal during the 4th quarter worth $1,086,508,000. Finally, Northern Trust Corp lifted its stake in shares of PayPal by 19.0% during the 4th quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider’s stock worth $892,953,000 after purchasing an additional 1,669,908 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

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.