Q1 2023 EPS Estimates for PayPal Holdings, Inc. Increased by Jefferies Financial Group (NASDAQ:PYPL)

Posted by on Apr 27th, 2023

PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) – Analysts at Jefferies Financial Group upped their Q1 2023 earnings per share estimates for PayPal in a report released on Monday, April 24th. Jefferies Financial Group analyst T. Williams now anticipates that the credit services provider will post earnings of $0.82 per share for the quarter, up from their prior estimate of $0.81. Jefferies Financial Group has a “Hold” rating and a $85.00 price objective 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 Q3 2023 earnings at $0.92 EPS and FY2023 earnings at $3.72 EPS.

Several other equities analysts have also issued reports on PYPL. Sumitomo Mitsui Financial Group lowered PayPal from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $95.00 to $75.00 in a research note on Wednesday, January 18th. BNP Paribas upgraded PayPal from a “neutral” rating to an “outperform” rating in a report on Tuesday, January 3rd. Piper Sandler dropped their price objective on PayPal from $85.00 to $82.00 and set a “neutral” rating on the stock in a report on Friday, February 10th. Wells Fargo & Company increased their price objective on PayPal from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Friday, February 10th. Finally, BMO Capital Markets dropped their price target on PayPal from $117.00 to $108.00 and set an “outperform” rating on the stock in a research note on Monday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.17.

PayPal Price Performance

PYPL opened at $72.06 on Wednesday. The stock’s 50-day moving average price is $74.62 and its 200 day moving average price is $77.50. PayPal has a 12-month low of $66.39 and a 12-month high of $103.03. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.51. The firm has a market cap of $80.91 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 1.12 and a beta of 1.31.

PayPal (NASDAQ:PYPL – Get Rating) last announced its quarterly earnings results on Thursday, February 9th. The credit services provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.20 by $0.04. PayPal had a return on equity of 17.48% and a net margin of 8.79%. The business had revenue of $7.38 billion for the quarter, compared to analyst estimates of $7.39 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The company’s quarterly revenue was up 6.7% on a year-over-year basis.

Insiders Place Their Bets

In related news, CEO Daniel H. Schulman acquired 26,065 shares of the business’s stock in a transaction dated Friday, February 17th. The stock was bought at an average price of $76.17 per share, for a total transaction of $1,985,371.05. Following the transaction, the chief executive officer now owns 395,351 shares of the company’s stock, valued at $30,113,885.67. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PayPal

A number of hedge funds have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC increased its position in PayPal by 110,462.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock worth $1,220,431,000 after buying an additional 17,120,572 shares during the last quarter. Norges Bank bought a new stake in shares of PayPal in the fourth quarter valued at about $1,022,333,000. Alliancebernstein L.P. lifted its stake in shares of PayPal by 51.1% in the fourth quarter. Alliancebernstein L.P. now owns 17,133,910 shares of the credit services provider’s stock valued at $1,220,277,000 after buying an additional 5,794,620 shares during the period. Renaissance Technologies LLC bought a new stake in shares of PayPal in the fourth quarter valued at about $319,712,000. Finally, Lone Pine Capital LLC lifted its stake in shares of PayPal by 93.4% in the third quarter. Lone Pine Capital LLC now owns 8,294,340 shares of the credit services provider’s stock valued at $713,894,000 after buying an additional 4,005,315 shares during the period. 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.

Further Reading

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