PayPal (NASDAQ:PYPL) Releases FY 2022 Earnings Guidance

PayPal (NASDAQ:PYPLGet Rating) issued an update on its FY 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.87-$3.97 for the period, compared to the consensus EPS estimate of $3.85. The company issued revenue guidance of $27.85 billion-$27.85 billion, compared to the consensus revenue estimate of $28.18 billion. PayPal also updated its FY22 guidance to $3.87-3.97 EPS.

PayPal Price Performance

Shares of PayPal stock traded down $1.66 on Friday, hitting $95.32. The company’s stock had a trading volume of 12,083,936 shares, compared to its average volume of 19,082,174. PayPal has a 52-week low of $67.58 and a 52-week high of $296.70. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average price of $79.13 and a 200-day moving average price of $98.21. The company has a market capitalization of $110.38 billion, a P/E ratio of 54.78, a price-to-earnings-growth ratio of 2.23 and a beta of 1.49.

Wall Street Analyst Weigh In

PYPL has been the topic of several recent research reports. BMO Capital Markets boosted their price objective on shares of PayPal from $114.00 to $124.00 and gave the stock an outperform rating in a research report on Thursday. JPMorgan Chase & Co. decreased their price objective on shares of PayPal from $127.00 to $112.00 in a research report on Wednesday, July 20th. Piper Sandler cut their target price on shares of PayPal from $140.00 to $93.00 and set an overweight rating for the company in a research note on Wednesday, July 6th. Wedbush cut their target price on shares of PayPal from $170.00 to $110.00 in a research note on Thursday, April 28th. Finally, Mizuho cut their target price on shares of PayPal from $175.00 to $120.00 in a research note on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat.com, PayPal currently has a consensus rating of Moderate Buy and an average price target of $139.43.

Insider Activity

In related news, EVP Peggy Alford sold 21,791 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $97.82, for a total transaction of $2,131,595.62. Following the sale, the executive vice president now directly owns 18,100 shares of the company’s stock, valued at approximately $1,770,542. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On PayPal

Institutional investors and hedge funds have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in PayPal by 12.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,246,996 shares of the credit services provider’s stock valued at $144,215,000 after buying an additional 138,875 shares in the last quarter. Dakota Wealth Management boosted its stake in PayPal by 8.6% during the first quarter. Dakota Wealth Management now owns 4,894 shares of the credit services provider’s stock valued at $566,000 after buying an additional 387 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in PayPal by 15.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,860 shares of the credit services provider’s stock valued at $793,000 after buying an additional 918 shares in the last quarter. Covestor Ltd boosted its stake in PayPal by 136.1% during the first quarter. Covestor Ltd now owns 1,334 shares of the credit services provider’s stock valued at $154,000 after buying an additional 769 shares in the last quarter. Finally, Donaldson Capital Management LLC boosted its stake in PayPal by 5.3% during the first quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider’s stock valued at $358,000 after buying an additional 155 shares in the last quarter. 75.90% of the stock is owned by institutional investors and hedge funds.

About PayPal

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PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Earnings History and Estimates for PayPal (NASDAQ:PYPL)

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