PayPal Holdings, Inc. (NASDAQ:PYPL) Receives $88.32 Average Price Target from Brokerages

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have been assigned an average rating of “Moderate Buy” from the thirty-six analysts that are covering the stock, MarketBeat.com reports. Fifteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $87.03.

A number of research firms have recently weighed in on PYPL. BTIG Research reissued a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Robert W. Baird lowered their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, Susquehanna raised their price target on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th.

PayPal Stock Down 0.4 %

Shares of PYPL opened at $62.00 on Friday. PayPal has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a 50 day simple moving average of $69.21 and a two-hundred day simple moving average of $79.53. The firm has a market cap of $61.33 billion, a P/E ratio of 15.46, a P/E/G ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. On average, analysts forecast that PayPal will post 5.03 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On PayPal

A number of hedge funds have recently added to or reduced their stakes in PYPL. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal in the 4th quarter worth $25,000. Rosenberg Matthew Hamilton boosted its position in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares during the last quarter. Hurley Capital LLC bought a new stake in PayPal in the 4th quarter worth about $27,000. Sugarloaf Wealth Management LLC raised its position in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares during the last quarter. Finally, Bernard Wealth Management Corp. bought a new position in PayPal during the 4th quarter valued at about $34,000. 68.32% of the stock is currently owned by hedge funds and other 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.