PayPal Holdings, Inc. (NASDAQ:PYPL) Receives an Average “Moderate Buy” Recommendation from Brokerages

PayPal Holdings, Inc. (NASDAQ:PYPL – Get Rating) received a consensus rating of “moderate buy” from the forty-eight analysts who cover the company, MarketBeat.com reports. Twelve equity research analysts rated the stock with a hold recommendation and twenty-three gave the company a buy recommendation. The 12-month average price target among brokers who updated their coverage on the stock in the past year is $120.63.

Several research companies have recently published reports on PYPL. Atlantic Securities lowered its price target on PayPal from $120.00 to $110.00 and set an “overweight” rating for the company in a Wednesday, Oct. 12 research report. Susquehanna Bancshares downgraded PayPal to a “neutral” rating and reduced its price target for the stock from $115.00 to $100.00 in a Tuesday, September 20 research note. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and raised its target price for the stock from $94.00 to $114.00 in a Wednesday, August 31 research report. StockNews.com upgraded PayPal from a “sell” rating to a “hold” rating in a Thursday, October 20 research report. Finally, Barclays cut its price target on PayPal shares from $125.00 to $100.00 and set an “overweight” rating on the stock in a Sunday, November 6 report.

PayPal Stock Performance

The NASDAQ PYPL opened at $85.64 on Friday. The company’s 50-day moving average price is $87.25 and its 200-day moving average price is $85.03. The company has a market capitalization of $97.63 billion, a P/E ratio of 43.47, a P/E/G ratio of 1.83 and a beta of 1.34. The company has a debt ratio of 0.51, a quick ratio of 1.27 and a current ratio of 1.27. PayPal has a fifty-two week minimum of $67.58 and a fifty-two week maximum of $207.50.

PayPal (NASDAQ:PYPL – Get Rating) last released its quarterly results on Thursday, November 3. The credit services provider reported EPS of $0.87 for the quarter, beating consensus analyst estimates of $0.70 by $0.17. PayPal had a return on equity of 16.85% and a net margin of 8.50%. The company posted revenue of $6.85 billion in the quarter, versus $6.82 billion expected by analysts. During the same period last year, the company posted earnings per share of $0.90. The company’s revenue increased by 10.7% compared to the same quarter last year. Sell-side analysts expect PayPal to post 3.1 earnings per share for the current year.

Institutional investors weigh in on PayPal

Several institutional investors and hedge funds have recently changed their holdings in the company. Vanguard Group Inc. increased its position in PayPal by 1.1% during the third quarter. Vanguard Group Inc. now owns 95,857,229 shares of the credit service provider worth $8,250,431,000 after buying an additional 1,028,906 shares last quarter. BlackRock Inc. increased its stake in PayPal by 3.0% in the first quarter. BlackRock Inc. now owns 78,254,181 shares of the credit service provider valued at $9,050,097,000 after purchasing an additional 2,266,699 shares in the last quarter. State Street Corp increased its stake in PayPal by 1.3% in the third quarter. State Street Corp now owns 44,690,146 shares of the credit service provider valued at $3,846,481,000 after purchasing an additional 590,699 shares in the last quarter. Comprehensive Financial Management LLC increased its holdings of PayPal stock by 6.7% in the first quarter. Comprehensive Financial Management LLC now owns 32,006,618 shares of the credit service provider valued at $3,701,565,000 after purchasing an additional 2,018,310 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in PayPal shares by 2.0% during the third quarter. Fisher Asset Management LLC now owns 17,668,310 shares of the credit service provider worth $1,520,711,000 after purchasing an additional 338,368 shares during the period. Hedge funds and other institutional investors hold 70.67% of the company’s shares.

PayPal Company Profile

(Get a rating)

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the names PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey and Paidy. The company’s payment platform enables consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and store balances in their PayPal accounts in 25 currencies.

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Analyst recommendations for PayPal (NASDAQ: PYPL)

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