PayPal Holdings, Inc. (NASDAQ:PYPL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have been assigned an average rating of “Moderate Buy” from the thirty-five analysts that are presently covering the stock, MarketBeat.com reports. Fourteen investment analysts have rated the stock with a hold recommendation, twenty have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $89.48.

A number of brokerages have recently weighed in on PYPL. Susquehanna boosted their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. The Goldman Sachs Group boosted their target price on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Wells Fargo & Company raised their price target on shares of PayPal from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Finally, Canaccord Genuity Group raised their target price on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th.

Institutional Investors Weigh In On PayPal

Several large investors have recently modified their holdings of PYPL. Park Place Capital Corp raised its holdings in shares of PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after acquiring an additional 116 shares during the period. Bruce G. Allen Investments LLC grew its position in 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 purchasing an additional 124 shares in the last quarter. Rosenberg Matthew Hamilton raised its stake in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the period. Wynn Capital LLC lifted its holdings in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after purchasing an additional 130 shares in the last quarter. Finally, Brave Asset Management Inc. boosted its position in shares of PayPal by 5.2% in the fourth quarter. Brave Asset Management Inc. now owns 2,828 shares of the credit services provider’s stock worth $241,000 after buying an additional 141 shares during the period. 68.32% of the stock is owned by institutional investors.

PayPal Trading Down 0.7 %

NASDAQ PYPL opened at $89.11 on Friday. The company has a market capitalization of $89.34 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. 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 has a 12 month low of $55.77 and a 12 month high of $93.66. The company’s fifty day moving average price is $87.76 and its two-hundred day moving average price is $77.79.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results 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 business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 earnings per share. As a group, 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.