Jefferies Financial Group Brokers Decrease Earnings Estimates for PayPal Holdings, Inc. (NASDAQ:PYPL)

Posted by Defense World Staff on Apr 26th, 2023

PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) – Stock analysts at Jefferies Financial Group dropped their Q2 2023 earnings per share estimates for PayPal in a research report issued on Monday, April 24th. Jefferies Financial Group analyst T. Williams now anticipates that the credit services provider will post earnings per share of $0.87 for the quarter, down from their previous forecast of $0.90. Jefferies Financial Group has a “Hold” rating and a $85.00 price target on the stock. The consensus estimate for PayPal’s current full-year earnings is $3.83 per share. Jefferies Financial Group also issued estimates for PayPal’s Q4 2023 earnings at $1.12 EPS and FY2024 earnings at $4.67 EPS.

PayPal (NASDAQ:PYPL – Get Rating) last issued its earnings results on Thursday, February 9th. The credit services provider reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. The firm had revenue of $7.38 billion during the quarter, compared to analysts’ expectations of $7.39 billion. PayPal had a return on equity of 17.48% and a net margin of 8.79%. PayPal’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the business earned $0.92 earnings per share.

A number of other research analysts have also recently issued reports on PYPL. Canaccord Genuity Group reissued a “buy” rating and set a $160.00 price objective on shares of PayPal in a report on Friday, February 10th. Wells Fargo & Company raised their target price on PayPal from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Friday, February 10th. BNP Paribas upgraded PayPal from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 3rd. Truist Financial upgraded PayPal from a “hold” rating to a “buy” rating and raised their target price for the company from $75.00 to $95.00 in a research note on Tuesday, January 3rd. Finally, Raymond James lowered PayPal from an “outperform” rating to a “market perform” rating in a research report on Monday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $108.17.

PayPal Stock Down 3.4 %

Shares of NASDAQ PYPL opened at $71.78 on Tuesday. The stock has a market cap of $80.60 billion, a PE ratio of 34.81, a PEG ratio of 1.11 and a beta of 1.31. The business has a fifty day moving average of $74.73 and a two-hundred day moving average of $77.63. PayPal has a 52-week low of $66.39 and a 52-week high of $103.03. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.28 and a current ratio of 1.28.

Insider Buying and Selling at PayPal

In other news, CEO Daniel H. Schulman acquired 26,065 shares of the firm’s stock in a transaction on Friday, February 17th. The shares were purchased at an average cost of $76.17 per share, with a total value of $1,985,371.05. Following the acquisition, the chief executive officer now directly owns 395,351 shares in the company, valued at approximately $30,113,885.67. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. Joseph Group Capital Management bought a new stake in shares of PayPal during the 3rd quarter worth $26,000. Arlington Partners LLC bought a new position in PayPal in the fourth quarter valued at about $27,000. RFP Financial Group LLC bought a new position in PayPal in the fourth quarter valued at about $27,000. Old North State Trust LLC bought a new position in PayPal in the third quarter valued at about $29,000. Finally, Capital Directions Investment Advisors LLC bought a new position in PayPal in the fourth quarter valued at about $29,000. 72.12% of the stock is owned by institutional investors and hedge funds.

PayPal Company Profile

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PayPal Holdings, Inc engages in the development of technology platforms for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.