PayPal Holdings, Inc. (NASDAQ:PYPL) Receives $55.01 Consensus PT from Analysts

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) has earned a consensus recommendation of “Hold” from the forty-five analysts that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell rating, thirty-two have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $53.7162.

Several brokerages recently issued reports on PYPL. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Tuesday, May 5th. Zacks Research raised shares of PayPal from a “strong sell” rating to a “hold” rating in a research report on Friday, April 17th. BMO Capital Markets initiated coverage on PayPal in a research note on Tuesday, April 21st. They set a “market perform” rating and a $52.00 price target for the company. Piper Sandler reduced their price objective on PayPal from $46.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday, June 29th. Finally, Mizuho reiterated a “neutral” rating and set a $50.00 target price (down from $60.00) on shares of PayPal in a report on Thursday, April 16th.

Get Our Latest Stock Analysis on PayPal

Insider Activity

In related news, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $49.46, for a total transaction of $66,128.02. Following the sale, the chief accounting officer owned 1,586 shares of the company’s stock, valued at $78,443.56. The trade was a 45.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of PayPal stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $42.54, for a total value of $196,194.48. Following the sale, the insider directly owned 41,567 shares in the company, valued at approximately $1,768,260.18. The trade was a 9.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,612 shares of company stock worth $966,623 over the last 90 days. Company insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On PayPal

Institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC raised its holdings in shares of PayPal by 15.2% during the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider’s stock valued at $596,000 after buying an additional 924 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in PayPal in the fourth quarter worth about $248,000. Sivia Capital Partners LLC grew its position in PayPal by 41.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,470 shares of the credit services provider’s stock valued at $332,000 after buying an additional 1,310 shares in the last quarter. United Bank raised its position in shares of PayPal by 40.1% during the 2nd quarter. United Bank now owns 17,388 shares of the credit services provider’s stock worth $1,292,000 after buying an additional 4,974 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of PayPal by 17.9% in the 2nd quarter. Federated Hermes Inc. now owns 18,909 shares of the credit services provider’s stock worth $1,405,000 after acquiring an additional 2,865 shares during the period. 68.32% of the stock is owned by institutional investors.

Key PayPal News

Here are the key news stories impacting PayPal this week:

PayPal Trading Up 1.2%

Shares of PYPL stock opened at $45.65 on Friday. The company has a market capitalization of $40.27 billion, a P/E ratio of 8.56, a price-to-earnings-growth ratio of 1.12 and a beta of 1.33. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $44.30 and its two-hundred day moving average is $47.69. PayPal has a twelve month low of $38.46 and a twelve month high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last issued its earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.07. PayPal had a net margin of 15.00% and a return on equity of 25.02%. The business had revenue of $8.35 billion for the quarter, compared to the consensus estimate of $8.05 billion. During the same quarter in the previous year, the firm earned $1.33 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities analysts forecast that PayPal will post 5.32 EPS for the current year.

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 4th were paid a $0.14 dividend. The ex-dividend date was Thursday, June 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. PayPal’s dividend payout ratio (DPR) is 10.51%.

About PayPal

(Get Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

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Analyst Recommendations for PayPal (NASDAQ:PYPL)

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