PayPal’s (PYPL) Neutral Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group restated their neutral rating on shares of PayPal (NASDAQ:PYPL) in a research note released on Monday morning, MarketBeat.com reports. They currently have a $69.00 price objective on the credit services provider’s stock.

A number of other equities research analysts also recently issued reports on the stock. Citigroup boosted their target price on shares of PayPal from $79.00 to $81.00 and gave the company a buy rating in a report on Monday, June 10th. Robert W. Baird boosted their target price on shares of PayPal from $70.00 to $77.00 and gave the company an outperform rating in a report on Wednesday, May 1st. TD Cowen boosted their target price on shares of PayPal from $58.00 to $68.00 and gave the company a hold rating in a report on Wednesday, May 1st. New Street Research assumed coverage on shares of PayPal in a report on Friday, May 31st. They issued a buy rating and a $80.00 target price for the company. Finally, Evercore ISI boosted their target price on shares of PayPal from $60.00 to $65.00 and gave the company an in-line rating in a report on Wednesday, May 1st. Twenty-one equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, PayPal has a consensus rating of Hold and an average target price of $73.64.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $58.26 on Monday. The company has a market cap of $60.94 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 0.97 and a beta of 1.43. PayPal has a 12 month low of $50.25 and a 12 month high of $76.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. The company has a 50-day simple moving average of $63.44 and a 200-day simple moving average of $62.47.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). The firm had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. On average, equities analysts anticipate that PayPal will post 4.14 earnings per share for the current year.

Insider Buying and Selling

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the stock in a transaction on Friday, May 24th. The shares were sold at an average price of $61.65, for a total transaction of $272,616.30. Following the sale, the director now directly owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

Large investors have recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of PayPal in the 4th quarter worth about $25,000. Pittenger & Anderson Inc. increased its stake in PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares during the period. American National Bank acquired a new position in PayPal during the 1st quarter valued at about $27,000. Private Wealth Management Group LLC acquired a new position in PayPal during the 4th quarter valued at about $29,000. Finally, Register Financial Advisors LLC acquired a new position in PayPal during the 1st quarter valued at about $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

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.