PayPal Holdings, Inc. (NASDAQ:PYPL - Free Report) - Equities research analysts at William Blair boosted their Q3 2024 earnings estimates for PayPal in a note issued to investors on Tuesday, October 15th. William Blair analyst A. Jeffrey now anticipates that the credit services provider will post earnings of $1.13 per share for the quarter, up from their prior forecast of $1.04. 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 $1.19 EPS, FY2024 earnings at $4.58 EPS, Q1 2025 earnings at $1.20 EPS, Q2 2025 earnings at $1.23 EPS, Q3 2025 earnings at $1.22 EPS, Q4 2025 earnings at $1.35 EPS, FY2025 earnings at $5.00 EPS and FY2026 earnings at $5.52 EPS.
PayPal (NASDAQ:PYPL - Get Free Report) last announced 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. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company had revenue of $7.89 billion for the quarter, compared to analysts' expectations of $7.82 billion. During the same period in the previous year, the company posted $0.83 EPS. PayPal's revenue was up 8.2% compared to the same quarter last year.
Several other equities research analysts have also commented on PYPL. Jefferies Financial Group decreased their price objective on shares of PayPal from $70.00 to $65.00 in a research report on Monday, July 29th. Mizuho upped their target price on shares of PayPal from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Monday. Daiwa Capital Markets upgraded shares of PayPal from a "neutral" rating to an "outperform" rating and upped their target price for the company from $68.00 to $72.00 in a report on Friday, August 9th. JPMorgan Chase & Co. upped their target price on shares of PayPal from $77.00 to $80.00 and gave the company an "overweight" rating in a report on Tuesday, August 20th. Finally, StockNews.com lowered shares of PayPal from a "buy" rating to a "hold" rating in a report on Thursday, September 19th. Seventeen analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and a consensus target price of $77.52.
View Our Latest Stock Analysis on PayPal
PayPal Price Performance
Shares of PayPal stock traded down $1.00 on Thursday, hitting $79.82. The company's stock had a trading volume of 8,652,563 shares, compared to its average volume of 13,698,473. PayPal has a 52-week low of $50.25 and a 52-week high of $82.00. 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 firm has a fifty day moving average price of $73.83 and a 200-day moving average price of $66.50. The company has a market capitalization of $83.50 billion, a P/E ratio of 20.11, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of PYPL. Pittenger & Anderson Inc. increased its stake in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider's stock worth $26,000 after purchasing an additional 172 shares in the last quarter. American National Bank purchased a new position in PayPal in the 1st quarter worth about $27,000. Family Firm Inc. purchased a new position in PayPal in the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC increased 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 worth $29,000 after purchasing an additional 167 shares in the last quarter. Finally, Register Financial Advisors LLC acquired a new stake in PayPal during the 1st quarter worth about $30,000. 68.32% of the stock is owned by institutional investors and hedge funds.
PayPal Company Profile
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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.
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