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

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) has been assigned a consensus rating of “Hold” from the thirty-six analysts that are covering the stock, Marketbeat Ratings reports. Twenty analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $73.82.

Several research analysts have weighed in on PYPL shares. Monness Crespi & Hardt upped their price objective on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, April 29th. TD Cowen lifted their price target on PayPal from $58.00 to $68.00 and gave the company a “hold” rating in a research note on Wednesday, May 1st. Sanford C. Bernstein increased their price objective on PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research note on Thursday, April 18th. Mizuho upgraded PayPal from a “neutral” rating to a “buy” rating and raised their target price for the company from $68.00 to $90.00 in a report on Thursday, May 30th. Finally, BMO Capital Markets upped their price target on PayPal from $64.00 to $65.00 and gave the stock a “market perform” rating in a report on Wednesday, May 1st.

Check Out Our Latest Stock Analysis on PayPal

Insider Buying and Selling

In other news, Director Deborah M. Messemer sold 4,422 shares of the business’s 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 completion of the transaction, the director now directly owns 13,976 shares in the company, valued at approximately $861,620.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by insiders.

Institutional Trading of PayPal

Large investors have recently modified their holdings of the business. Hartford Financial Management Inc. grew its stake in PayPal by 18.8% in the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after buying an additional 163 shares in the last quarter. Pine Haven Investment Counsel Inc grew its position in PayPal by 3.7% in the fourth quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock worth $289,000 after acquiring an additional 170 shares in the last quarter. Pittenger & Anderson Inc. increased its stake in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. Brooks Moore & Associates Inc. raised its position in PayPal by 1.3% during the third quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after purchasing an additional 180 shares in the last quarter. Finally, Verity Asset Management Inc. lifted its stake in PayPal by 1.9% during the first quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock worth $650,000 after purchasing an additional 181 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Price Performance

PYPL stock opened at $59.12 on Friday. 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’s 50-day moving average is $63.80 and its 200-day moving average is $62.42. The stock has a market capitalization of $61.84 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. PayPal has a 1 year low of $50.25 and a 1 year high of $76.54.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings data 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). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period last year, the business posted $0.86 EPS. The company’s revenue was up 9.4% on a year-over-year basis. Equities research analysts expect that PayPal will post 4.14 EPS for the current fiscal year.

About PayPal

(Get Free Report

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.

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Analyst Recommendations for PayPal (NASDAQ:PYPL)

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