PayPal (NASDAQ:PYPL) Upgraded by Citigroup to “Hold” Rating

PayPal (NASDAQ:PYPL) was upgraded by investment analysts at Citigroup to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Several other analysts also recently weighed in on the company. Macquarie restated an “outperform” rating and issued a $95.00 price target on shares of PayPal in a research note on Wednesday, July 30th. Morgan Stanley reaffirmed a “positive” rating on shares of PayPal in a research report on Wednesday, July 30th. Rothschild & Co Redburn upped their price objective on PayPal from $66.00 to $70.00 and gave the company a “neutral” rating in a research report on Tuesday, September 16th. The Goldman Sachs Group set a $70.00 price objective on PayPal and gave the company a “sell” rating in a research report on Monday, October 13th. Finally, KeyCorp reaffirmed a “hold” rating on shares of PayPal in a research report on Wednesday. Fifteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $82.57.

PayPal Stock Performance

PayPal stock opened at $69.66 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $66.55 billion, a P/E ratio of 14.88, a PEG ratio of 1.05 and a beta of 1.44. The stock’s 50 day moving average is $68.93 and its 200 day moving average is $69.66. PayPal has a twelve month low of $55.85 and a twelve month high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.10. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.08 billion. PayPal had a return on equity of 25.35% and a net margin of 14.49%.During the same quarter in the prior year, the business posted $1.19 EPS. PayPal has set its Q3 2025 guidance at 1.180-1.220 EPS. FY 2025 guidance at 5.150-5.300 EPS. On average, equities research analysts predict that PayPal will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $69.39, for a total transaction of $288,801.18. Following the transaction, the insider directly owned 48,483 shares of the company’s stock, valued at $3,364,235.37. This represents a 7.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Diego Scotti sold 3,838 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $69.12, for a total value of $265,282.56. Following the transaction, the executive vice president directly owned 16,989 shares in the company, valued at $1,174,279.68. The trade was a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,102 shares of company stock valued at $1,046,607 in the last ninety days. 0.08% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PayPal

Several hedge funds and other institutional investors have recently modified their holdings of the company. Harrell Investment Partners LLC lifted its holdings in shares of PayPal by 2.0% during the 3rd quarter. Harrell Investment Partners LLC now owns 9,185 shares of the credit services provider’s stock valued at $616,000 after buying an additional 184 shares during the period. Steigerwald Gordon & Koch Inc. bought a new position in PayPal in the 3rd quarter worth $56,000. Kingswood Wealth Advisors LLC raised its holdings in PayPal by 13.9% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 4,706 shares of the credit services provider’s stock worth $316,000 after purchasing an additional 574 shares during the period. Benjamin Edwards Inc. raised its holdings in PayPal by 16.2% in the 3rd quarter. Benjamin Edwards Inc. now owns 14,570 shares of the credit services provider’s stock worth $977,000 after purchasing an additional 2,034 shares during the period. Finally, United Asset Strategies Inc. raised its holdings in PayPal by 3.4% in the 3rd quarter. United Asset Strategies Inc. now owns 49,197 shares of the credit services provider’s stock worth $3,299,000 after purchasing an additional 1,624 shares during the period. 68.32% of the stock is owned by institutional investors.

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.