PayPal Holdings, Inc. (NASDAQ:PYPL) Receives $73.82 Consensus Target Price from Brokerages

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have received an average rating of “Hold” from the thirty-six analysts that are presently covering the company, Marketbeat Ratings reports. Twenty equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $73.82.

A number of equities analysts recently weighed in on the stock. Mizuho raised shares of PayPal from a “neutral” rating to a “buy” rating and upped their target price for the stock from $68.00 to $90.00 in a research note on Thursday, May 30th. Monness Crespi & Hardt upped their target price on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Stephens upped their target price on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. Citigroup upped their target price on shares of PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $84.00 target price on shares of PayPal in a research note on Friday, June 28th.

Insider Buying and Selling at PayPal

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the transaction, the director now directly owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in PayPal in the fourth quarter valued at approximately $25,000. Pittenger & Anderson Inc. boosted its position 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 buying an additional 172 shares in the last quarter. American National Bank acquired a new stake in PayPal in the first quarter valued at approximately $27,000. Private Wealth Management Group LLC acquired a new stake in PayPal in the fourth quarter valued at approximately $29,000. Finally, Register Financial Advisors LLC acquired a new stake in PayPal in the first quarter valued at approximately $30,000. 68.32% of the stock is owned by institutional investors.

PayPal Price Performance

PYPL opened at $60.27 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. PayPal has a 12 month low of $50.25 and a 12 month high of $76.54. The company has a fifty day simple moving average of $61.92 and a 200 day simple moving average of $62.24. The stock has a market cap of $63.05 billion, a P/E ratio of 15.18, a P/E/G ratio of 0.99 and a beta of 1.42.

PayPal (NASDAQ:PYPL) last released 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 the consensus estimate of $7.52 billion. During the same quarter in the prior year, the company earned $0.86 EPS. PayPal’s quarterly revenue was up 9.4% on a year-over-year basis. On average, research analysts expect that PayPal will post 4.14 EPS for the current year.

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.