FY2023 EPS Estimates for PayPal Holdings, Inc. Decreased by Analyst (NASDAQ:PYPL)

PayPal Holdings, Inc. (NASDAQ:PYPL) – Investment analysts at Jefferies Financial Group reduced their FY2023 earnings per share (EPS) estimates for shares of PayPal in a report released on Wednesday, January 12th. Jefferies Financial Group analyst T. Williams now forecasts that the credit services provider will earn $5.10 per share for the year, down from their previous forecast of $5.68. Jefferies Financial Group has a “Hold” rating and a $200.00 price objective on the stock.

Several other equities analysts also recently weighed in on PYPL. Royal Bank of Canada cut their target price on PayPal from $298.00 to $230.00 in a research report on Friday, January 7th. Susquehanna dropped their price target on PayPal from $360.00 to $310.00 and set a “positive” rating on the stock in a research report on Tuesday, November 9th. Exane BNP Paribas cut PayPal from an “outperform” rating to a “neutral” rating in a research note on Monday, January 10th. Truist decreased their price objective on PayPal from $275.00 to $200.00 and set a “hold” rating for the company in a research note on Tuesday, November 9th. Finally, Mizuho decreased their price target on PayPal from $275.00 to $225.00 and set a “buy” rating for the company in a research note on Tuesday, December 14th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-three have given a buy rating to the company. According to data from MarketBeat, PayPal has a consensus rating of “Buy” and an average price target of $269.20.

Shares of PYPL opened at $178.42 on Friday. The stock has a market capitalization of $209.63 billion, a price-to-earnings ratio of 42.89, a price-to-earnings-growth ratio of 2.40 and a beta of 1.16. PayPal has a 1 year low of $175.40 and a 1 year high of $310.16. The business’s 50 day simple moving average is $192.20 and its 200-day simple moving average is $246.01. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.30 and a quick ratio of 1.30.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Monday, November 8th. The credit services provider reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.04. PayPal had a return on equity of 19.75% and a net margin of 20.09%. The company had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same period in the previous year, the company posted $0.80 EPS. The firm’s revenue was up 13.2% on a year-over-year basis.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. Amundi acquired a new position in PayPal during the 2nd quarter worth $1,795,503,000. Macquarie Group Ltd. grew its stake in PayPal by 224.4% during the 2nd quarter. Macquarie Group Ltd. now owns 3,016,588 shares of the credit services provider’s stock worth $879,275,000 after purchasing an additional 2,086,752 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in PayPal by 19.2% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 7,277,858 shares of the credit services provider’s stock worth $1,893,771,000 after purchasing an additional 1,172,815 shares in the last quarter. Ninety One UK Ltd acquired a new position in shares of PayPal during the 2nd quarter worth about $311,152,000. Finally, Melvin Capital Management LP acquired a new position in shares of PayPal during the 2nd quarter worth about $291,480,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Jonathan Auerbach sold 12,314 shares of PayPal stock in a transaction on Tuesday, November 23rd. The stock was sold at an average price of $187.32, for a total value of $2,306,658.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David W. Dorman bought 1,547 shares of the stock in a transaction that occurred on Tuesday, November 23rd. The shares were bought at an average cost of $186.47 per share, with a total value of $288,469.09. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 14,097 shares of company stock valued at $2,786,518 and sold 44,114 shares valued at $8,990,858. Insiders own 0.10% of the company’s stock.

About PayPal

PayPal Holdings, Inc engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. The firm manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions.

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