PayPal Holdings, Inc. (NASDAQ:PYPL) Expected to Post Q4 2022 Earnings of $0.96 Per Share

PayPal Holdings, Inc. (NASDAQ:PYPLGet Rating) – Jefferies Financial Group boosted their Q4 2022 earnings per share estimates for PayPal in a report issued on Wednesday, January 18th. Jefferies Financial Group analyst T. Williams now expects that the credit services provider will post earnings of $0.96 per share for the quarter, up from their prior forecast of $0.93. Jefferies Financial Group currently has a “Hold” rating and a $85.00 target price on the stock. The consensus estimate for PayPal’s current full-year earnings is $3.14 per share. Jefferies Financial Group also issued estimates for PayPal’s FY2023 earnings at $3.75 EPS.

A number of other research analysts have also recently commented on PYPL. Morgan Stanley increased their price target on PayPal from $135.00 to $136.00 and gave the company an “overweight” rating in a research note on Friday, November 4th. Robert W. Baird reduced their target price on PayPal from $120.00 to $100.00 in a research note on Friday, November 4th. Raymond James cut their price target on PayPal from $123.00 to $107.00 and set an “outperform” rating for the company in a research note on Friday, November 4th. BNP Paribas upgraded PayPal from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 3rd. Finally, Sumitomo Mitsui Financial Group cut shares of PayPal from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $95.00 to $75.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $122.31.

PayPal Trading Up 3.0 %

Shares of PYPL stock opened at $79.09 on Friday. The stock’s fifty day moving average price is $76.17 and its two-hundred day moving average price is $83.67. The company has a market cap of $90.16 billion, a PE ratio of 40.15, a P/E/G ratio of 1.31 and a beta of 1.31. PayPal has a fifty-two week low of $66.39 and a fifty-two week high of $176.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 1.27.

PayPal (NASDAQ:PYPLGet Rating) last posted its earnings results on Thursday, November 3rd. The credit services provider reported $0.87 EPS for the quarter, beating the consensus estimate of $0.70 by $0.17. The company had revenue of $6.85 billion for the quarter, compared to the consensus estimate of $6.82 billion. PayPal had a return on equity of 16.85% and a net margin of 8.50%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share.

Hedge Funds Weigh In On PayPal

Large investors have recently added to or reduced their stakes in the stock. Woodline Partners LP acquired a new stake in shares of PayPal in the second quarter valued at about $5,746,000. Clear Harbor Asset Management LLC acquired a new stake in PayPal in the 2nd quarter valued at approximately $382,000. Guyasuta Investment Advisors Inc. purchased a new position in PayPal in the 3rd quarter valued at approximately $211,000. Parkside Financial Bank & Trust boosted its position in PayPal by 8.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,575 shares of the credit services provider’s stock valued at $180,000 after buying an additional 203 shares during the period. Finally, Legal & General Group Plc boosted its position in PayPal by 2.2% in the 2nd quarter. Legal & General Group Plc now owns 7,916,740 shares of the credit services provider’s stock valued at $552,905,000 after buying an additional 173,465 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

About PayPal

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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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