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

PayPal Holdings, Inc. (NASDAQ:PYPL) has received an average rating of “Moderate Buy” from the thirty-four analysts that are currently covering the firm, Marketbeat reports. Fifteen analysts have rated the stock with a hold recommendation, eighteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $83.45.

Several research analysts recently commented on PYPL shares. BMO Capital Markets lifted their target price on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. UBS Group raised their price objective on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Susquehanna lifted their price objective on PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a research note on Wednesday, October 30th. Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Wednesday, July 31st. Finally, Daiwa America upgraded PayPal from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 9th.

PayPal Stock Up 0.0 %

Shares of NASDAQ PYPL opened at $85.83 on Tuesday. The business’s fifty day moving average price is $78.86 and its 200-day moving average price is $69.01. The stock has a market capitalization of $86.05 billion, a PE ratio of 20.48, a P/E/G ratio of 1.56 and a beta of 1.43. PayPal has a one year low of $55.28 and a one year high of $87.92. 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 issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.97 earnings per share. On average, equities research analysts anticipate that PayPal will post 4.56 EPS for the current year.

Institutional Investors Weigh In On PayPal

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