PayPal Holdings, Inc. (NASDAQ:PYPL) Given Consensus Rating of “Moderate Buy” by Brokerages

PayPal Holdings, Inc. (NASDAQ:PYPL) has received a consensus recommendation of “Moderate Buy” from the thirty-seven brokerages that are currently covering the stock, MarketBeat.com reports. Sixteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $76.38.

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price target on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Robert W. Baird raised their target price on shares of PayPal from $77.00 to $80.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Daiwa America raised shares of PayPal from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Macquarie raised their price objective on shares of PayPal from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, UBS Group lifted their target price on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st.

PayPal Stock Performance

PayPal stock opened at $77.88 on Monday. PayPal has a 12-month low of $50.25 and a 12-month high of $80.63. The stock has a 50-day simple moving average of $68.41 and a 200 day simple moving average of $64.93. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $81.47 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 1.11 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The business had revenue of $7.89 billion for the quarter, compared to analysts’ expectations of $7.82 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. PayPal’s revenue was up 8.2% compared to the same quarter last year. On average, research analysts anticipate that PayPal will post 4.42 earnings per share for the current fiscal year.

Institutional Trading of PayPal

Large investors have recently added to or reduced their stakes in the company. SYSTM Wealth Solutions LLC lifted its stake in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares during the last quarter. Pittenger & Anderson Inc. boosted its stake in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares during the period. Verity Asset Management Inc. lifted its holdings in PayPal by 1.9% during the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock valued at $650,000 after purchasing an additional 181 shares during the last quarter. Indiana Trust & Investment Management CO boosted its position in PayPal by 18.6% during the first quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock worth $79,000 after purchasing an additional 184 shares during the period. Finally, Checchi Capital Advisers LLC increased its holdings in shares of PayPal by 3.1% in the second quarter. Checchi Capital Advisers LLC now owns 6,166 shares of the credit services provider’s stock valued at $358,000 after purchasing an additional 184 shares during the last quarter. Institutional investors and hedge funds own 68.32% 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.