PayPal Holdings, Inc. (NASDAQ:PYPL) Given Average Rating of “Hold” by Brokerages

PayPal Holdings, Inc. (NASDAQ:PYPL) has received an average rating of “Hold” from the forty-five analysts that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, thirty-two have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $55.8514.

Several equities research analysts have recently weighed in on the company. Mizuho reissued a “neutral” rating and set a $50.00 price objective (down from $60.00) on shares of PayPal in a research note on Thursday, April 16th. Daiwa Securities Group raised PayPal from a “hold” rating to an “outperform” rating in a research note on Wednesday, May 6th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Tuesday, May 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of PayPal in a research note on Friday, May 8th. Finally, Truist Financial reduced their price objective on PayPal from $45.00 to $44.00 and set a “sell” rating for the company in a research note on Tuesday, May 12th.

PayPal Stock Performance

Shares of NASDAQ PYPL opened at $41.53 on Wednesday. The stock has a fifty day moving average price of $45.85 and a two-hundred day moving average price of $49.85. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $36.63 billion, a P/E ratio of 7.79, a PEG ratio of 1.04 and a beta of 1.34. PayPal has a 1 year low of $38.46 and a 1 year high of $79.50.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. The business had revenue of $8.35 billion during the quarter, compared to analyst estimates of $8.05 billion. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The company’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company posted $1.33 EPS. Research analysts forecast that PayPal will post 5.3 EPS for the current fiscal year.

PayPal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. PayPal’s dividend payout ratio (DPR) is currently 10.51%.

Insider Transactions 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 stock was sold at an average price of $49.46, for a total value of $66,128.02. Following the completion of the sale, the chief accounting officer owned 1,586 shares of the company’s stock, valued at $78,443.56. This trade represents a 45.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $42.79, for a total value of $144,587.41. Following the completion of the sale, the insider directly owned 30,983 shares of the company’s stock, valued at approximately $1,325,762.57. This trade represents a 9.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 20,612 shares of company stock valued at $966,623 in the last three months. 0.63% of the stock is currently owned by corporate insiders.

Institutional Trading of PayPal

Several hedge funds and other institutional investors have recently modified their holdings of the business. Maia Wealth LLC boosted its position in shares of PayPal by 2.5% in the third quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock worth $424,000 after buying an additional 155 shares during the period. Transatlantique Private Wealth LLC boosted its position in shares of PayPal by 2.9% in the third quarter. Transatlantique Private Wealth LLC now owns 5,698 shares of the credit services provider’s stock worth $382,000 after buying an additional 159 shares during the period. Martin & Co. Inc. TN boosted its position in shares of PayPal by 0.3% in the third quarter. Martin & Co. Inc. TN now owns 56,934 shares of the credit services provider’s stock worth $3,818,000 after buying an additional 175 shares during the period. RWA Wealth Partners LLC boosted its position in shares of PayPal by 0.7% in the third quarter. RWA Wealth Partners LLC now owns 25,043 shares of the credit services provider’s stock worth $1,679,000 after buying an additional 184 shares during the period. Finally, GeoWealth Management LLC boosted its position in shares of PayPal by 6.2% in the third quarter. GeoWealth Management LLC now owns 3,214 shares of the credit services provider’s stock worth $216,000 after buying an additional 188 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Company Profile

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.