PayPal Holdings, Inc. (NASDAQ:PYPL) Receives $72.73 Average Target Price from Brokerages

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have been given an average recommendation of “Hold” by the thirty-five ratings firms that are covering the company, MarketBeat Ratings reports. Twenty-two research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $72.73.

Several research analysts have recently commented on PYPL shares. Monness Crespi & Hardt lifted their price target on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Sanford C. Bernstein upped their price target on PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. lowered their price target on PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. UBS Group boosted their price objective on PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, JMP Securities upped their price target on PayPal from $70.00 to $82.00 and gave the stock a “market outperform” rating in a research note on Wednesday, May 1st.

Insider Transactions at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On PayPal

Several hedge funds have recently modified their holdings of PYPL. Redwood Grove Capital LLC grew its stake in PayPal by 6.0% during the 1st quarter. Redwood Grove Capital LLC now owns 178,940 shares of the credit services provider’s stock valued at $11,987,000 after purchasing an additional 10,050 shares in the last quarter. Burney Co. acquired a new position in shares of PayPal in the 1st quarter worth approximately $1,912,000. Swedbank AB acquired a new position in PayPal during the 1st quarter valued at approximately $42,297,000. LRI Investments LLC acquired a new position in PayPal during the 1st quarter valued at approximately $34,000. Finally, Strategic Wealth Partners Ltd. boosted its position in PayPal by 214.7% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 21,906 shares of the credit services provider’s stock valued at $1,467,000 after purchasing an additional 14,946 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $61.58 on Tuesday. The stock has a market capitalization of $64.42 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.05 and a beta of 1.41. PayPal has a 12 month low of $50.25 and a 12 month high of $76.54. The firm’s 50 day simple moving average is $64.82 and its 200-day simple moving average is $61.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The company had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period in the prior year, the business posted $0.86 EPS. PayPal’s revenue was up 9.4% compared to the same quarter last year. Analysts expect that PayPal will post 4.13 EPS for the current year.

About PayPal

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.