PayPal Holdings, Inc. (NASDAQ:PYPL) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirty-six brokerages that are covering the company, Marketbeat.com reports. Fifteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $88.00.

Several analysts have recently weighed in on PYPL shares. StockNews.com downgraded PayPal from a "buy" rating to a "hold" rating in a report on Monday. BTIG Research restated a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Monness Crespi & Hardt cut their price objective on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Robert W. Baird reduced their price target on PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, Susquehanna upped their price objective on shares of PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research note on Monday, January 6th.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company's stock.

Remove Ads

Institutional Investors Weigh In On PayPal

Several institutional investors have recently made changes to their positions in PYPL. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal in the 4th quarter worth approximately $25,000. Rosenberg Matthew Hamilton increased its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares during the period. Hurley Capital LLC bought a new stake in shares of PayPal in the 4th quarter valued at about $27,000. Sugarloaf Wealth Management LLC lifted its position in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Finally, Bernard Wealth Management Corp. purchased a new position in PayPal during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Price Performance

Shares of NASDAQ PYPL traded up $1.14 during midday trading on Friday, hitting $63.73. The stock had a trading volume of 824,684 shares, compared to its average volume of 11,445,745. The stock has a 50 day simple moving average of $69.88 and a 200-day simple moving average of $79.76. PayPal has a 1 year low of $55.85 and a 1 year high of $93.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $63.04 billion, a PE ratio of 15.75, a P/E/G ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL - Get Free Report) last posted 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. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal's revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. On average, sell-side analysts expect that PayPal will post 5.03 EPS for the current fiscal year.

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.