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

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have been given an average recommendation of “Moderate Buy” by the thirty-four research firms that are covering the stock, Marketbeat reports. Fifteen equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $84.21.

Several research firms have weighed in on PYPL. UBS Group boosted their target price on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Macquarie boosted their target price on shares of PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Monness Crespi & Hardt boosted their target price on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Susquehanna boosted their target price on shares of PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a research report on Wednesday, October 30th. Finally, StockNews.com downgraded shares of PayPal from a “buy” rating to a “hold” rating in a research report on Friday.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. boosted its stake in PayPal by 120.3% during the third quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider’s stock worth $125,461,000 after buying an additional 849,311 shares during the period. Peapack Gladstone Financial Corp boosted its stake in shares of PayPal by 1.1% in the third quarter. Peapack Gladstone Financial Corp now owns 228,209 shares of the credit services provider’s stock valued at $17,807,000 after purchasing an additional 2,576 shares during the period. Synovus Financial Corp boosted its stake in shares of PayPal by 33.7% in the third quarter. Synovus Financial Corp now owns 64,693 shares of the credit services provider’s stock valued at $5,048,000 after purchasing an additional 16,306 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in shares of PayPal by 196.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider’s stock valued at $798,000 after purchasing an additional 6,772 shares during the period. Finally, Sfmg LLC purchased a new position in shares of PayPal in the third quarter valued at approximately $234,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Trading Up 0.9 %

NASDAQ PYPL opened at $89.88 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market cap of $90.11 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.52 and a beta of 1.44. The company has a 50 day moving average price of $82.43 and a 200 day moving average price of $71.09. PayPal has a 52 week low of $55.77 and a 52 week high of $90.27.

PayPal (NASDAQ:PYPL) last posted 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 firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 EPS. As a group, sell-side analysts forecast that PayPal will post 4.57 EPS 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.