Analysts Set PayPal Holdings, Inc. (NASDAQ:PYPL) Price Target at $83.68

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) has been given an average rating of "Moderate Buy" by the thirty-six research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, eighteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $83.80.

Several research firms have recently issued reports on PYPL. Barclays reduced their target price on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Keefe, Bruyette & Woods reduced their target price on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, March 31st. Citigroup reduced their target price on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Compass Point initiated coverage on PayPal in a report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 target price for the company. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $96.00 price objective on shares of PayPal in a research note on Wednesday, April 30th.

Institutional Investors Weigh In On PayPal

Institutional investors and hedge funds have recently made changes to their positions in the business. Mpwm Advisory Solutions LLC purchased a new stake in PayPal during the fourth quarter valued at about $25,000. Hurley Capital LLC purchased a new stake in PayPal during the fourth quarter valued at about $27,000. Evermay Wealth Management LLC raised its position in PayPal by 726.0% during the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 363 shares in the last quarter. Garde Capital Inc. purchased a new stake in PayPal during the first quarter valued at about $28,000. Finally, Tsfg LLC raised its position in PayPal by 81.6% during the first quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

PayPal Trading Down 1.3%

Shares of PayPal stock traded down $0.89 on Friday, reaching $70.04. 14,934,033 shares of the company's stock were exchanged, compared to its average volume of 11,210,101. The company has a market capitalization of $68.12 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. PayPal has a 52 week low of $55.85 and a 52 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's 50-day moving average is $66.32 and its two-hundred day moving average is $76.71.

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