PayPal (NASDAQ:PYPL) Stock Price Up 1.9% on Analyst Upgrade

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price rose 1.9% during trading on Monday after Susquehanna raised their price target on the stock from $94.00 to $101.00. Susquehanna currently has a positive rating on the stock. PayPal traded as high as $89.53 and last traded at $89.30. Approximately 2,092,401 shares changed hands during trading, a decline of 55% from the average daily volume of 4,664,614 shares. The stock had previously closed at $87.60.

PYPL has been the topic of several other research reports. Piper Sandler reiterated a “neutral” rating and set a $88.00 price target on shares of PayPal in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Stephens raised their price target on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Finally, Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.65.

Hedge Funds Weigh In On PayPal

Several institutional investors have recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal during the third quarter worth about $26,000. SYSTM Wealth Solutions LLC boosted its stake in shares of PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares in the last quarter. Planning Capital Management Corp raised its position in PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 268 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after acquiring an additional 243 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of PayPal during the 3rd quarter worth $36,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Stock Performance

The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average price is $86.15 and its two-hundred day moving average price is $75.34. The firm has a market capitalization of $88.19 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period last year, the firm earned $0.97 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

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.