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

Posted by on Jun 6th, 2023

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) have been assigned an average recommendation of “Moderate Buy” from the thirty-nine ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and twenty-two have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $100.66.

A number of analysts have issued reports on the stock. JMP Securities reduced their target price on shares of PayPal from $100.00 to $85.00 and set an “outperform” rating for the company in a research note on Tuesday, May 9th. Mizuho dropped their price target on shares of PayPal from $100.00 to $92.00 and set a “buy” rating on the stock in a research report on Wednesday, April 19th. Sanford C. Bernstein dropped their price target on shares of PayPal from $85.00 to $70.00 in a research report on Monday, May 22nd. Truist Financial dropped their target price on shares of PayPal from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, May 9th. Finally, Wedbush dropped their target price on shares of PayPal from $100.00 to $85.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 9th.

PayPal Stock Up 0.9 %

PayPal stock opened at $64.51 on Tuesday. The stock has a market cap of $71.97 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.01 and a beta of 1.31. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $69.51 and its two-hundred day moving average price is $73.76. PayPal has a 52 week low of $58.95 and a 52 week high of $103.03.

PayPal (NASDAQ:PYPL – Get Rating) last announced its quarterly earnings data on Monday, May 8th. The credit services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.07. The company had revenue of $7.04 billion for the quarter, compared to analysts’ expectations of $6.99 billion. PayPal had a net margin of 9.63% and a return on equity of 19.34%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. On average, analysts expect that PayPal will post 3.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PYPL. TrinityPoint Wealth LLC grew its holdings in shares of PayPal by 9.3% during the fourth quarter. TrinityPoint Wealth LLC now owns 38,074 shares of the credit services provider’s stock worth $2,712,000 after purchasing an additional 3,247 shares during the last quarter. Americana Partners LLC raised its position in shares of PayPal by 0.6% during the fourth quarter. Americana Partners LLC now owns 31,066 shares of the credit services provider’s stock worth $2,203,000 after purchasing an additional 177 shares during the period. Venturi Wealth Management LLC raised its position in shares of PayPal by 6.4% during the fourth quarter. Venturi Wealth Management LLC now owns 3,806 shares of the credit services provider’s stock worth $271,000 after purchasing an additional 229 shares during the period. State of New Jersey Common Pension Fund D raised its position in PayPal by 0.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 649,429 shares of the credit services provider’s stock valued at $46,252,000 after buying an additional 2,041 shares during the last quarter. Finally, DNB Asset Management AS grew its stake in PayPal by 1.7% in the 4th quarter. DNB Asset Management AS now owns 288,514 shares of the credit services provider’s stock valued at $20,548,000 after purchasing an additional 4,718 shares during the period. Institutional investors and hedge funds own 72.12% of the company’s stock.

About PayPal

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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.

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