PayPal Holdings, Inc. (NASDAQ:PYPL) Receives $90.52 Average Target Price from Brokerages

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have received a consensus rating of “Moderate Buy” from the thirty-four analysts that are presently covering the firm, MarketBeat.com reports. Fourteen equities research analysts have rated the stock with a hold recommendation, nineteen have given a buy recommendation and one has given a strong 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 $90.52.

PYPL has been the topic of several analyst reports. Morgan Stanley reaffirmed an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Citigroup reaffirmed an “outperform” rating on shares of PayPal in a report on Wednesday, February 5th. Macquarie lifted their price objective on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Monness Crespi & Hardt upped their target price on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th.

PayPal Price Performance

PYPL opened at $74.95 on Thursday. The firm has a market cap of $74.14 billion, a PE ratio of 18.69, a P/E/G ratio of 1.27 and a beta of 1.44. The stock has a 50-day moving average price of $85.18 and a 200-day moving average price of $80.63. PayPal has a 1 year low of $56.97 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.48 earnings per share. Sell-side analysts predict that PayPal will post 5.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PayPal

Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in PayPal by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider’s stock valued at $1,849,884,000 after purchasing an additional 271,836 shares during the period. FMR LLC raised its position in shares of PayPal by 12.9% during the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider’s stock valued at $1,615,134,000 after buying an additional 2,161,582 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of PayPal by 108.2% in the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider’s stock worth $1,529,823,000 after buying an additional 9,313,783 shares in the last quarter. Norges Bank bought a new position in shares of PayPal during the fourth quarter worth $1,086,508,000. Finally, Mizuho Securities USA LLC boosted its position in shares of PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after acquiring an additional 10,419,351 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

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.