William Blair Comments on PayPal Holdings, Inc.’s Q3 2024 Earnings (NASDAQ:PYPL)

PayPal Holdings, Inc. (NASDAQ:PYPL) – William Blair issued their Q3 2024 EPS estimates for shares of PayPal in a note issued to investors on Tuesday, July 30th. William Blair analyst A. Jeffrey expects that the credit services provider will post earnings of $1.04 per share for the quarter. William Blair has a “Hold” rating on the stock. The consensus estimate for PayPal’s current full-year earnings is $4.42 per share. William Blair also issued estimates for PayPal’s Q4 2024 earnings at $1.18 EPS, FY2024 earnings at $4.48 EPS, Q1 2025 earnings at $1.18 EPS, Q2 2025 earnings at $1.19 EPS, Q3 2025 earnings at $1.16 EPS, Q4 2025 earnings at $1.31 EPS and FY2025 earnings at $4.84 EPS.

PYPL has been the topic of a number of other research reports. Susquehanna increased their price objective on shares of PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a research report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $84.00 price objective on shares of PayPal in a report on Wednesday. Argus raised PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday. Canaccord Genuity Group reaffirmed a “buy” rating and set a $80.00 price target on shares of PayPal in a research report on Wednesday. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Tuesday, April 30th. Nineteen analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.94.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $61.98 on Friday. The business has a 50-day simple moving average of $61.01 and a two-hundred day simple moving average of $62.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.24. The firm has a market cap of $63.36 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 0.93 and a beta of 1.42. PayPal has a fifty-two week low of $50.25 and a fifty-two week high of $70.66.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.20. The business had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS.

Institutional Investors Weigh In On PayPal

A number of hedge funds and other institutional investors have recently made changes to their positions in PYPL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in PayPal in the fourth quarter valued at $25,000. Pittenger & Anderson Inc. increased its position in shares of 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 purchased a new position in shares of PayPal during the 1st quarter valued at approximately $27,000. Private Wealth Management Group LLC acquired a new stake in PayPal in the 4th quarter valued at $29,000. Finally, Family Firm Inc. purchased a new stake in PayPal in the 2nd quarter worth $29,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

Insider Buying and Selling at PayPal

In related news, Director Deborah M. Messemer sold 4,422 shares of the firm’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 owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

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.