Brokerages Set PayPal Holdings, Inc. (NASDAQ:PYPL) PT at $83.77

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the thirty-seven ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation, nineteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $83.68.

Several equities research analysts have recently commented on the stock. Macquarie reduced their price target on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Robert W. Baird lifted their price objective on shares of PayPal from $78.00 to $79.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. Arete Research set a $81.00 target price on shares of PayPal in a research report on Thursday, March 27th. JPMorgan Chase & Co. restated an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, UBS Group reduced their price target on PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th.

Insiders Place Their Bets

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 completion of the sale, the director now owns 29,734 shares of the company's stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new stake in shares of PayPal in the fourth quarter valued at approximately $25,000. Rosenberg Matthew Hamilton raised its position in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after buying an additional 125 shares during the period. Hurley Capital LLC purchased a new stake in PayPal in the fourth quarter valued at $27,000. Evermay Wealth Management LLC raised its holdings in PayPal by 726.0% in the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after buying an additional 363 shares during the period. Finally, Garde Capital Inc. purchased a new position in shares of PayPal during the 1st quarter worth approximately $28,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Trading Up 0.9 %

PYPL stock traded up $0.64 during mid-day trading on Tuesday, reaching $68.69. The company had a trading volume of 8,103,358 shares, compared to its average volume of 11,235,185. The firm has a 50 day moving average of $65.63 and a 200 day moving average of $77.93. 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 has a 12 month low of $55.85 and a 12 month high of $93.66. The company has a market capitalization of $66.80 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the business posted $1.08 EPS. PayPal's quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts predict that PayPal will post 5.03 earnings per share for the current fiscal year.

About PayPal

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.