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

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have been assigned a consensus recommendation of “Hold” from the thirty-five research firms that are covering the stock, Marketbeat Ratings reports. Twenty-three research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $70.47.

PYPL has been the topic of several research analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $85.00 price target on shares of PayPal in a research report on Thursday, February 8th. Sanford C. Bernstein raised their price target on shares of PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research note on Thursday, April 18th. UBS Group raised their price target on shares of PayPal from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. BTIG Research restated a “neutral” rating on shares of PayPal in a research note on Friday, January 5th. Finally, Wells Fargo & Company raised their price target on shares of PayPal from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $64.10 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. PayPal has a 1 year low of $50.25 and a 1 year high of $76.54. The business has a fifty day simple moving average of $62.73 and a 200 day simple moving average of $60.10. The firm has a market cap of $67.47 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.20 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period last year, the company earned $1.01 earnings per share. PayPal’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, sell-side analysts predict that PayPal will post 4.02 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

A number of hedge funds have recently bought and sold shares of the business. Exchange Traded Concepts LLC raised its stake in shares of PayPal by 5.8% in the third quarter. Exchange Traded Concepts LLC now owns 34,379 shares of the credit services provider’s stock valued at $2,010,000 after buying an additional 1,885 shares during the period. Hennessy Advisors Inc. grew its position in shares of PayPal by 9.8% in the third quarter. Hennessy Advisors Inc. now owns 28,000 shares of the credit services provider’s stock valued at $1,637,000 after purchasing an additional 2,500 shares in the last quarter. SS&H Financial Advisors Inc. purchased a new position in shares of PayPal in the third quarter valued at $256,000. Czech National Bank grew its position in shares of PayPal by 45.3% in the third quarter. Czech National Bank now owns 191,915 shares of the credit services provider’s stock valued at $11,219,000 after purchasing an additional 59,797 shares in the last quarter. Finally, Rezny Wealth Management Inc. grew its position in shares of PayPal by 1.2% in the third quarter. Rezny Wealth Management Inc. now owns 15,496 shares of the credit services provider’s stock valued at $906,000 after purchasing an additional 187 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

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.