PayPal Holdings, Inc. (NASDAQ:PYPL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have been given a consensus rating of “Moderate Buy” by the thirty-five research firms that are presently covering the company, MarketBeat reports. Fourteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $90.03.

PYPL has been the subject of several research reports. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research note on Friday, February 28th. Morgan Stanley boosted their price target on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Mpwm Advisory Solutions LLC acquired a new position in PayPal during the fourth quarter worth about $25,000. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal during the third quarter worth about $26,000. Rosenberg Matthew Hamilton grew its position in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares during the period. Hurley Capital LLC acquired a new position in PayPal during the fourth quarter worth about $27,000. Finally, Sugarloaf Wealth Management LLC grew its position in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Stock Up 0.7 %

PayPal stock opened at $70.19 on Monday. PayPal has a fifty-two week low of $56.97 and a fifty-two week high of $93.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a 50 day moving average price of $78.19 and a 200 day moving average price of $80.80. The company has a market capitalization of $69.43 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 EPS. Research analysts expect that PayPal will post 5.03 earnings per share 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.