PayPal Holdings, Inc. (NASDAQ:PYPL) Receives Consensus Recommendation of “Hold” from Analysts

PayPal Holdings, Inc. (NASDAQ:PYPL) has earned an average rating of “Hold” from the thirty-seven ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation, seventeen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $83.13.

A number of analysts recently weighed in on the stock. Evercore ISI assumed coverage on shares of PayPal in a research report on Wednesday, April 9th. They issued an “in-line” rating and a $65.00 price objective on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $88.00 price objective on shares of PayPal in a research report on Thursday, June 26th. Macquarie reduced their price objective on shares of PayPal from $117.00 to $95.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company reduced their price objective on shares of PayPal from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Finally, Compass Point assumed coverage on shares of PayPal in a research report on Wednesday, April 23rd. They issued a “sell” rating and a $56.00 price objective on the stock.

PayPal Price Performance

Shares of PYPL opened at $74.17 on Friday. The firm has a market cap of $72.13 billion, a PE ratio of 16.59, a P/E/G ratio of 1.21 and a beta of 1.45. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $72.75 and a two-hundred day simple moving average of $73.22. PayPal has a 1-year low of $55.85 and a 1-year high of $93.66.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 24.59% and a net margin of 14.26%. The firm had revenue of $7.79 billion during the quarter, compared to analyst estimates of $7.84 billion. During the same period in the prior year, the business posted $1.08 EPS. PayPal’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts anticipate that PayPal will post 5.03 EPS for the current year.

Insider Buying and Selling at PayPal

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the sale, the executive vice president directly owned 16,989 shares of the company’s stock, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the transaction, the director directly owned 13,976 shares in the company, valued at $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,796 shares of company stock valued at $863,028. Insiders own 0.08% of the company’s stock.

Institutional Trading of PayPal

Large investors have recently bought and sold shares of the business. Security National Bank of SO Dak boosted its holdings in shares of PayPal by 1.1% in the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider’s stock valued at $1,041,000 after acquiring an additional 137 shares in the last quarter. Gordian Capital Singapore Pte Ltd lifted its stake in shares of PayPal by 41.2% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 138 shares during the period. GSB Wealth Management LLC raised its position in PayPal by 1.7% during the second quarter. GSB Wealth Management LLC now owns 8,160 shares of the credit services provider’s stock worth $606,000 after acquiring an additional 140 shares during the last quarter. CreativeOne Wealth LLC raised its position in PayPal by 1.5% during the first quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider’s stock worth $613,000 after acquiring an additional 142 shares during the last quarter. Finally, Cohen & Steers Inc. raised its position in PayPal by 5.1% during the fourth quarter. Cohen & Steers Inc. now owns 3,016 shares of the credit services provider’s stock worth $257,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 68.32% 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. 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.