PayPal Holdings, Inc. (NASDAQ:PYPL) Receives $88.42 Average Target Price from Brokerages

PayPal Holdings, Inc. (NASDAQ:PYPL) has been given a consensus rating of “Moderate Buy” by the thirty-five research firms that are presently covering the firm, Marketbeat.com reports. Fourteen investment analysts have rated the stock with a hold recommendation, twenty have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $88.42.

PYPL has been the subject of several recent research reports. Morgan Stanley increased their price target on PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 18th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and raised their target price for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $75.00 to $80.00 in a research report on Thursday, October 10th. Finally, Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a research report on Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PYPL. Mizuho Securities USA LLC increased its stake in 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 valued at $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 valued at $1,307,945,000 after buying an additional 7,767,072 shares during the period. World Investment Advisors LLC acquired a new position in shares of PayPal during the 3rd quarter valued at about $387,435,000. Primecap Management Co. CA lifted its holdings in shares of PayPal by 180.7% during the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after acquiring an additional 3,184,160 shares during the period. Finally, Clearbridge Investments LLC boosted its position in shares of PayPal by 28.1% in the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after acquiring an additional 1,866,925 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Up 1.6 %

PYPL stock opened at $87.60 on Wednesday. PayPal has a 12 month low of $55.77 and a 12 month 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 company has a market cap of $87.82 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The company has a fifty day moving average price of $85.87 and a 200 day moving average price of $74.94.

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