PayPal Holdings, Inc. to Post Q2 2022 Earnings of $0.57 Per Share, DA Davidson Forecasts (NASDAQ:PYPL)

PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) – Stock analysts at DA Davidson issued their Q2 2022 earnings per share estimates for shares of PayPal in a research report issued on Friday, April 29th. DA Davidson analyst C. Brendler forecasts that the credit services provider will post earnings per share of $0.57 for the quarter.

PYPL has been the topic of a number of other research reports. Exane BNP Paribas lowered PayPal from an “outperform” rating to a “neutral” rating in a research report on Monday, January 10th. Needham & Company LLC dropped their target price on PayPal from $275.00 to $166.00 in a research report on Thursday, February 3rd. UBS Group lowered their price target on PayPal from $263.00 to $218.00 and set a “buy” rating on the stock in a research report on Wednesday, February 2nd. Rosenblatt Securities lowered their price target on PayPal from $227.00 to $216.00 and set a “buy” rating on the stock in a research report on Wednesday, February 2nd. Finally, Zacks Investment Research raised PayPal from a “sell” rating to a “hold” rating and set a $102.00 price target on the stock in a research report on Tuesday, March 15th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $155.93.

Shares of PYPL opened at $87.93 on Monday. PayPal has a 1 year low of $82.12 and a 1 year high of $310.16. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.37. The stock has a market cap of $102.11 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. The stock’s 50-day moving average price is $105.26 and its two-hundred day moving average price is $157.81.

PayPal (NASDAQ:PYPLGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The credit services provider reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. PayPal had a return on equity of 17.69% and a net margin of 13.87%. During the same period in the previous year, the business earned $0.91 EPS.

In other PayPal news, Director David W. Dorman purchased 8,400 shares of the stock in a transaction dated Tuesday, February 8th. The stock was bought at an average price of $119.33 per share, with a total value of $1,002,372.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jonathan Auerbach sold 40,749 shares of the business’s stock in a transaction on Friday, March 4th. The stock was sold at an average price of $100.62, for a total value of $4,100,164.38. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 24,894 shares of company stock valued at $2,965,405. Corporate insiders own 0.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Arlington Partners LLC raised its holdings in shares of PayPal by 9.3% during the 4th quarter. Arlington Partners LLC now owns 2,747 shares of the credit services provider’s stock worth $518,000 after buying an additional 233 shares in the last quarter. Charles Carroll Financial Partners LLC acquired a new position in shares of PayPal during the 4th quarter worth $2,291,000. Man Group plc increased its holdings in PayPal by 154.5% in the 3rd quarter. Man Group plc now owns 375,716 shares of the credit services provider’s stock worth $97,764,000 after purchasing an additional 228,090 shares in the last quarter. Oxbow Advisors LLC increased its holdings in PayPal by 10.2% in the 3rd quarter. Oxbow Advisors LLC now owns 28,320 shares of the credit services provider’s stock worth $7,369,000 after purchasing an additional 2,613 shares in the last quarter. Finally, Riverbridge Partners LLC acquired a new position in PayPal in the 4th quarter worth about $34,934,000. 78.38% of the stock is owned by institutional investors.

PayPal Company Profile (Get Rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.

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Earnings History and Estimates for PayPal (NASDAQ:PYPL)

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