PayPal (NASDAQ:PYPL) Receives “Market Perform” Rating from Moffett Nathanson

Moffett Nathanson reiterated their market perform rating on shares of PayPal (NASDAQ:PYPL) in a research note released on Monday, MarketBeat reports. The brokerage currently has a $75.00 target price on the credit services provider’s stock.

PYPL has been the subject of several other reports. Wedbush reissued an outperform rating and issued a $85.00 price objective on shares of PayPal in a report on Thursday, August 3rd. Credit Suisse Group reaffirmed a neutral rating and set a $80.00 price target on shares of PayPal in a report on Monday, July 24th. Canaccord Genuity Group decreased their price target on PayPal from $160.00 to $110.00 and set a buy rating for the company in a report on Thursday, August 3rd. Truist Financial increased their price target on PayPal from $80.00 to $85.00 and gave the stock a buy rating in a report on Thursday, August 3rd. Finally, Barclays decreased their price target on PayPal from $92.00 to $88.00 and set an overweight rating for the company in a report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $91.48.

PayPal Stock Performance

Shares of PYPL opened at $62.94 on Monday. The stock has a 50 day moving average price of $66.04 and a 200 day moving average price of $68.34. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $69.11 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34. PayPal has a 52-week low of $57.29 and a 52-week high of $95.64.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, August 2nd. The credit services provider reported $1.16 earnings per share for the quarter, meeting the consensus estimate of $1.16. The business had revenue of $7.29 billion during the quarter, compared to the consensus estimate of $7.27 billion. PayPal had a return on equity of 20.31% and a net margin of 14.27%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 earnings per share. Research analysts predict that PayPal will post 3.81 EPS for the current fiscal year.

Institutional Trading of PayPal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mach 1 Financial Group LLC acquired a new stake in PayPal in the 1st quarter worth about $22,024,000. VitalStone Financial LLC boosted its stake in PayPal by 4,514.3% in the 1st quarter. VitalStone Financial LLC now owns 323 shares of the credit services provider’s stock worth $75,000 after buying an additional 316 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in PayPal by 146.5% in the 2nd quarter. SkyView Investment Advisors LLC now owns 382 shares of the credit services provider’s stock worth $73,000 after buying an additional 227 shares during the last quarter. Beacon Capital Management LLC boosted its stake in PayPal by 108.7% in the 2nd quarter. Beacon Capital Management LLC now owns 384 shares of the credit services provider’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Finally, PCA Investment Advisory Services Inc. acquired a new position in shares of PayPal in the 2nd quarter valued at about $27,000. Hedge funds and other institutional investors own 68.42% 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. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies.