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

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have received an average rating of “Moderate Buy” from the thirty-four ratings firms that are currently covering the stock, Marketbeat Ratings reports. Fourteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $90.55.

Several equities research analysts have recently issued reports on the company. Barclays lifted their target price on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. The Goldman Sachs Group lifted their price target on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Susquehanna lifted their price target on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Canaccord Genuity Group lifted their price target on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th.

PayPal Trading Down 2.7 %

Shares of PYPL stock opened at $72.05 on Thursday. PayPal has a 12-month low of $56.97 and a 12-month high of $93.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average price is $84.25 and its 200-day moving average price is $80.96. The stock has a market capitalization of $71.27 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 1.27 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts predict that PayPal will post 5.03 EPS for the current fiscal year.

Institutional Trading of PayPal

A number of large investors have recently modified their holdings of PYPL. Norges Bank purchased a new stake in PayPal during the fourth quarter worth $1,086,508,000. Mizuho Securities USA LLC lifted its holdings in PayPal by 12,919.4% during 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 buying an additional 10,419,351 shares during the period. Capital Research Global Investors lifted its holdings in PayPal by 108.2% during the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider’s stock worth $1,529,823,000 after buying an additional 9,313,783 shares during the period. FMR LLC lifted its holdings in PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after buying an additional 7,767,072 shares during the period. Finally, Artisan Partners Limited Partnership lifted its holdings in PayPal by 284.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider’s stock worth $666,100,000 after buying an additional 5,772,198 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Company Profile

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.