Brokerages Set PayPal Holdings, Inc. (NASDAQ:PYPL) Target Price at $83.13

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) has been given a consensus recommendation of "Hold" by the thirty-seven brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation, seventeen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $83.13.

Several research analysts have recently issued reports on PYPL shares. Seaport Res Ptn upgraded shares of PayPal from a "strong sell" rating to a "hold" rating in a report on Monday, July 14th. Evercore ISI assumed coverage on PayPal in a report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 target price for the company. Bank of America reduced their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Canaccord Genuity Group restated a "buy" rating and issued a $96.00 target price on shares of PayPal in a report on Wednesday, April 30th. Finally, Monness Crespi & Hardt dropped their price target on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th.

PayPal Stock Performance

PYPL traded up $0.65 on Friday, reaching $74.82. The company had a trading volume of 6,317,283 shares, compared to its average volume of 10,872,628. The stock has a 50-day moving average price of $72.75 and a 200-day moving average price of $73.13. PayPal has a 1 year low of $55.85 and a 1 year high of $93.66. 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 capitalization of $72.77 billion, a PE ratio of 16.74, a P/E/G ratio of 1.22 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The firm had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 EPS. As a group, research analysts forecast that PayPal will post 5.03 EPS for the current fiscal year.

Insider Activity at PayPal

In related news, EVP Diego Scotti sold 3,839 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the completion of the transaction, the executive vice president owned 16,989 shares of the company's stock, valued at approximately $1,244,274.36. The trade was a 18.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the transaction, the director owned 13,976 shares of the company's stock, valued at approximately $1,020,248. This trade represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,796 shares of company stock worth $863,028 in the last ninety days. 0.08% of the stock is owned by insiders.

Institutional Investors Weigh In On PayPal

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in PayPal by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 86,221,849 shares of the credit services provider's stock worth $5,625,976,000 after acquiring an additional 276,339 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of PayPal by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock valued at $1,849,884,000 after buying an additional 271,836 shares in the last quarter. FMR LLC increased its stake in shares of PayPal by 12.9% in the fourth quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after buying an additional 2,161,582 shares in the last quarter. Capital Research Global Investors raised its stake in shares of PayPal by 108.2% in the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after acquiring an additional 9,313,783 shares during the last quarter. Finally, Norges Bank acquired a new position in PayPal during the 4th quarter worth $1,086,508,000. Institutional investors and hedge funds own 68.32% of the company's stock.

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.