Analysts Set PayPal Holdings, Inc. (NASDAQ:PYPL) PT at $90.52

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) have been given a consensus rating of "Moderate Buy" by the thirty-three analysts that are presently covering the company, Marketbeat.com reports. Thirteen investment analysts have rated the stock with a hold recommendation, nineteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $90.52.

Several research analysts recently weighed in on PYPL shares. Barclays boosted their target price on PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. Bank of America upgraded PayPal from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Keefe, Bruyette & Woods boosted their target price on PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a research note on Monday, December 9th. Canaccord Genuity Group boosted their target price on PayPal from $80.00 to $96.00 and gave the stock a "buy" rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley dropped their price target on PayPal from $90.00 to $79.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th.

PayPal Stock Down 3.0 %

Shares of NASDAQ:PYPL traded down $2.36 on Thursday, reaching $75.28. The company had a trading volume of 8,267,844 shares, compared to its average volume of 11,274,143. PayPal has a 52-week low of $56.97 and a 52-week high of $93.66. The firm's 50 day simple moving average is $85.50 and its 200-day simple moving average is $80.53. The firm has a market capitalization of $74.47 billion, a PE ratio of 18.76, a PEG ratio of 1.28 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period last year, the business posted $1.48 EPS. The business's revenue was up 4.2% compared to the same quarter last year. As a group, analysts expect that PayPal will post 5.03 earnings per share for the current fiscal year.

Institutional Trading of PayPal

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in shares of PayPal by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock worth $1,849,884,000 after purchasing an additional 271,836 shares in the last quarter. FMR LLC increased its stake in shares of PayPal by 12.9% during the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after purchasing an additional 2,161,582 shares in the last quarter. Capital Research Global Investors increased its stake in shares of 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 purchasing an additional 9,313,783 shares in the last quarter. Norges Bank purchased a new stake in shares of PayPal during the fourth quarter worth about $1,086,508,000. Finally, Mizuho Securities USA LLC increased its stake in shares of 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 purchasing an additional 10,419,351 shares in the last quarter. 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.