Analysts Set PayPal Holdings, Inc. (NASDAQ:PYPL) Price Target at $83.45

PayPal Holdings, Inc. (NASDAQ:PYPL) has received an average rating of “Moderate Buy” from the thirty-four ratings firms that are covering the stock, MarketBeat Ratings reports. Fifteen investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $83.45.

A number of equities research analysts have commented on the stock. Canaccord Genuity Group increased their price objective on shares of PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. TD Cowen lifted their target price on PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 price target (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Finally, Royal Bank of Canada lifted their price objective on PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th.

Institutional Trading of PayPal

Institutional investors and hedge funds have recently bought and sold shares of the business. FSA Wealth Management LLC bought a new stake in PayPal during the third quarter worth about $108,000. Erste Asset Management GmbH bought a new position in shares of PayPal in the 3rd quarter valued at $13,405,000. True Wealth Design LLC acquired a new position in shares of PayPal during the 3rd quarter worth $47,000. Maverick Capital Ltd. lifted its position in shares of PayPal by 180.6% during the 3rd quarter. Maverick Capital Ltd. now owns 35,426 shares of the credit services provider’s stock worth $2,764,000 after buying an additional 22,800 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its stake in PayPal by 24.8% in the third quarter. Edgestream Partners L.P. now owns 35,364 shares of the credit services provider’s stock valued at $2,759,000 after buying an additional 7,025 shares in the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

NASDAQ:PYPL opened at $85.79 on Tuesday. The stock has a market capitalization of $86.01 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal has a 1 year low of $55.28 and a 1 year high of $87.92. The firm has a 50 day moving average of $78.25 and a 200-day moving average of $68.76.

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 analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that PayPal will post 4.56 EPS for the current fiscal year.

About PayPal

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.