Q2 2022 EPS Estimates for PayPal Holdings, Inc. Decreased by KeyCorp (NASDAQ:PYPL)

PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) – KeyCorp reduced their Q2 2022 earnings per share estimates for shares of PayPal in a note issued to investors on Wednesday, April 27th. KeyCorp analyst J. Beck now anticipates that the credit services provider will earn $0.55 per share for the quarter, down from their prior estimate of $0.68. KeyCorp has a “Overweight” rating and a $200.00 price target on the stock.

Several other equities analysts have also weighed in on PYPL. JPMorgan Chase & Co. dropped their price objective on shares of PayPal from $272.00 to $190.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 2nd. BMO Capital Markets dropped their price objective on shares of PayPal from $183.00 to $114.00 in a research report on Thursday. Wedbush dropped their price objective on shares of PayPal from $170.00 to $110.00 in a research report on Thursday. Credit Suisse Group dropped their price objective on shares of PayPal from $155.00 to $100.00 in a research report on Thursday. Finally, Wells Fargo & Company dropped their price objective on shares of PayPal from $152.00 to $115.00 in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and thirty have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $155.93.

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

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

Institutional investors have recently added to or reduced their stakes in the business. Level Financial Advisors Inc. bought a new stake in shares of PayPal in the 4th quarter valued at $25,000. LFA Lugano Financial Advisors SA bought a new stake in shares of PayPal in the 4th quarter valued at $26,000. Curi Wealth Management LLC bought a new stake in shares of PayPal in the 4th quarter valued at $30,000. Disciplined Investments LLC increased its stake in shares of PayPal by 203.6% in the 4th quarter. Disciplined Investments LLC now owns 170 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 114 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC bought a new stake in shares of PayPal in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

In other news, Director Frank D. Yeary purchased 4,500 shares of the stock in a transaction on Friday, February 18th. The stock was purchased at an average price of $103.96 per share, for a total transaction of $467,820.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jonathan Auerbach sold 40,749 shares of the firm’s stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $100.62, for a total transaction of $4,100,164.38. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 24,894 shares of company stock worth $2,965,405. 0.10% of the stock is owned by corporate insiders.

About PayPal (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.

Further Reading

Earnings History and Estimates for PayPal (NASDAQ:PYPL)

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