PayPal Holdings, Inc. (NASDAQ:PYPL) Receives Consensus Rating of "Hold" from Analysts

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) has been given an average rating of "Hold" by the thirty-seven analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, eighteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $83.42.

PYPL has been the topic of a number of recent analyst reports. Compass Point started coverage on PayPal in a report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 target price on the stock. Piper Sandler assumed coverage on shares of PayPal in a research note on Tuesday. They set a "neutral" rating and a $74.00 price objective on the stock. Robert W. Baird upped their target price on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Royal Bank Of Canada cut their target price on shares of PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Canaccord Genuity Group reissued a "buy" rating and issued a $96.00 price target on shares of PayPal in a report on Wednesday, April 30th.

PayPal Price Performance

PayPal stock opened at $73.58 on Wednesday. The business's 50-day simple moving average is $69.40 and its 200 day simple moving average is $74.93. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The stock has a market cap of $71.56 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.19 and a beta of 1.45. PayPal has a 12-month low of $55.85 and a 12-month high of $93.66.

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. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the previous year, the firm posted $1.08 earnings per share. PayPal's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts anticipate that PayPal will post 5.03 earnings per share for the current year.

Insider Buying and Selling at PayPal

In other news, EVP Diego Scotti sold 3,839 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the sale, the executive vice president now directly owns 16,989 shares of the company's stock, valued at approximately $1,244,274.36. This represents a 18.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the firm's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.24, for a total transaction of $304,824.88. Following the completion of the sale, the insider now owns 48,483 shares of the company's stock, valued at $3,550,894.92. This trade represents a 7.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,796 shares of company stock worth $863,028 over the last ninety days. 0.08% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PayPal

Hedge funds have recently added to or reduced their stakes in the business. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal in the fourth quarter valued at about $25,000. Hurley Capital LLC bought a new position in PayPal in the 4th quarter valued at about $27,000. Evermay Wealth Management LLC lifted 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 worth $27,000 after acquiring an additional 363 shares during the last quarter. Garde Capital Inc. bought a new stake in shares of PayPal during the first quarter worth approximately $28,000. Finally, Tsfg LLC grew its position in shares of PayPal by 81.6% in 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 during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

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.

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