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

Shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) have received a consensus rating of “Hold” from the forty-five research firms that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a sell recommendation, thirty-two have given a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $53.9054.

PYPL has been the topic of a number of recent research reports. Truist Financial lowered their target price on PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a research note on Tuesday, May 12th. Weiss Ratings restated a “hold (c-)” rating on shares of PayPal in a report on Friday, May 8th. Barclays started coverage on shares of PayPal in a research note on Tuesday. They issued an “underweight” rating and a $42.00 target price for the company. Daiwa Securities Group raised shares of PayPal from a “hold” rating to an “outperform” rating in a research report on Wednesday, May 6th. Finally, Cantor Fitzgerald increased their price target on shares of PayPal from $42.00 to $54.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th.

View Our Latest Report on PYPL

PayPal Price Performance

Shares of NASDAQ PYPL traded up $1.00 during trading on Friday, hitting $46.32. The company had a trading volume of 10,627,517 shares, compared to its average volume of 14,801,931. PayPal has a 52 week low of $38.46 and a 52 week high of $79.50. The business’s 50-day moving average is $44.01 and its 200 day moving average is $47.48. The company has a market cap of $40.86 billion, a P/E ratio of 8.69, a PEG ratio of 1.15 and a beta of 1.33. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.07. The firm had revenue of $8.35 billion for the quarter, compared to the consensus estimate of $8.05 billion. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.33 EPS. Equities research analysts predict that PayPal will post 5.32 earnings per share for the current fiscal year.

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. PayPal’s dividend payout ratio is presently 10.51%.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

Insider Activity at PayPal

In other news, CAO Chris Natali sold 1,337 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total value of $66,128.02. Following the sale, the chief accounting officer owned 1,586 shares in the company, valued at approximately $78,443.56. This trade represents a 45.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 10,732 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $49.96, for a total transaction of $536,170.72. Following the transaction, the insider owned 41,567 shares in the company, valued at approximately $2,076,687.32. The trade was a 20.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 20,612 shares of company stock worth $966,623. 0.63% of the stock is owned by insiders.

Hedge Funds Weigh In On PayPal

A number of hedge funds have recently made changes to their positions in PYPL. Ramsey Quantitative Systems bought a new stake in PayPal in the second quarter valued at about $108,000. Tema ETFs LLC boosted its holdings in PayPal by 10.5% during the second quarter. Tema ETFs LLC now owns 18,352 shares of the credit services provider’s stock worth $792,000 after buying an additional 1,740 shares during the last quarter. Doliver Advisors LP bought a new position in PayPal during the second quarter worth about $488,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of PayPal during the 2nd quarter worth about $312,000. Finally, Wealthcare Advisory Partners LLC grew its position in shares of PayPal by 26.1% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 29,158 shares of the credit services provider’s stock worth $1,259,000 after buying an additional 6,040 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Company Profile

(Get Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

See Also

Analyst Recommendations for PayPal (NASDAQ:PYPL)

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