PayPal Holdings, Inc. (NASDAQ:PYPL) Receives $88.42 Consensus PT from Brokerages

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have been assigned a consensus recommendation of “Moderate Buy” from the thirty-five research firms that are presently covering the company, MarketBeat reports. Fourteen analysts have rated the stock with a hold recommendation, twenty have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $88.65.

PYPL has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Piper Sandler reiterated a “neutral” rating and issued a $88.00 price target on shares of PayPal in a research report on Friday, November 22nd. BMO Capital Markets increased their price objective on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Phillip Securities reaffirmed an “accumulate” rating and set a $90.00 target price (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Finally, Monness Crespi & Hardt increased their price target on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th.

PayPal Stock Performance

NASDAQ:PYPL opened at $87.97 on Wednesday. PayPal has a 1 year low of $55.77 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day simple moving average of $86.15 and a two-hundred day simple moving average of $75.34. The company has a market capitalization of $88.19 billion, a P/E ratio of 21.00, a P/E/G ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.97 EPS. On average, analysts expect that PayPal will post 4.57 earnings per share for the current year.

Hedge Funds Weigh In On PayPal

A number of large investors have recently bought and sold shares of PYPL. Mizuho Securities USA LLC grew its holdings in shares of PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after purchasing an additional 10,419,351 shares during the last quarter. FMR LLC grew its holdings in PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after acquiring an additional 7,767,072 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of PayPal in the third quarter valued at about $387,435,000. Primecap Management Co. CA raised its stake in shares of PayPal by 180.7% during the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after acquiring an additional 3,184,160 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of PayPal by 28.1% during the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after purchasing an additional 1,866,925 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.