PayPal Holdings, Inc. (NASDAQ:PYPL) Given Average Rating of “Hold” by Analysts

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) has received an average recommendation of “Hold” from the forty-five research firms that are covering the stock, Marketbeat reports. Five research analysts have rated the stock with a sell rating, thirty-two have assigned a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $55.8514.

PYPL has been the topic of a number of recent research reports. Truist Financial reduced their price target on shares of PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a research report on Tuesday, May 12th. BMO Capital Markets started coverage on shares of PayPal in a research note on Tuesday, April 21st. They set a “market perform” rating and a $52.00 price objective on the stock. KGI Securities reissued a “hold” rating and issued a $55.00 target price on shares of PayPal in a report on Monday, March 2nd. Citigroup lifted their target price on PayPal from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $59.00 price target on shares of PayPal in a research report on Wednesday, May 6th.

Get Our Latest Research Report on PayPal

PayPal Stock Performance

NASDAQ:PYPL traded up $0.61 during trading hours on Wednesday, reaching $44.26. 1,693,266 shares of the stock were exchanged, compared to its average volume of 19,600,750. The stock has a market capitalization of $39.04 billion, a P/E ratio of 8.30, a P/E/G ratio of 1.06 and a beta of 1.34. The firm has a 50 day simple moving average of $45.76 and a 200-day simple moving average of $49.59. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.47. PayPal has a 52 week low of $38.46 and a 52 week high of $79.50.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The business had revenue of $8.35 billion for the quarter, compared to analyst estimates of $8.05 billion. During the same period in the prior year, the company posted $1.33 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts forecast that PayPal will post 5.3 earnings per share for the current fiscal year.

PayPal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 4th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.56 annualized dividend and a yield of 1.3%. PayPal’s dividend payout ratio (DPR) is currently 10.51%.

PayPal News Summary

Here are the key news stories impacting PayPal this week:

Insider Buying and Selling at PayPal

In related news, insider Frank Keller sold 4,612 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total value of $196,194.48. Following the sale, the insider owned 41,567 shares of the company’s stock, valued at $1,768,260.18. This trade represents a 9.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of PayPal stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total transaction of $144,587.41. Following the completion of the sale, the insider owned 30,983 shares in the company, valued at approximately $1,325,762.57. This represents a 9.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 20,612 shares of company stock worth $966,623. 0.63% of the stock is owned by insiders.

Institutional Investors Weigh In On PayPal

A number of hedge funds have recently made changes to their positions in PYPL. Shariaportfolio Inc. boosted its position in shares of PayPal by 44.8% during the first quarter. Shariaportfolio Inc. now owns 77,369 shares of the credit services provider’s stock worth $3,499,000 after buying an additional 23,921 shares during the period. Dakota Community Bank & Trust NA increased its position in PayPal by 38.3% in the 1st quarter. Dakota Community Bank & Trust NA now owns 1,151 shares of the credit services provider’s stock valued at $52,000 after acquiring an additional 319 shares during the period. Rathbones Group PLC raised its stake in PayPal by 32.7% during the 1st quarter. Rathbones Group PLC now owns 350,802 shares of the credit services provider’s stock valued at $15,867,000 after acquiring an additional 86,477 shares in the last quarter. Robinswood Financial LLC bought a new stake in PayPal during the 1st quarter valued at $26,000. Finally, DV Trading LLC boosted its position in PayPal by 1,571.6% during the 1st quarter. DV Trading LLC now owns 34,719 shares of the credit services provider’s stock worth $1,570,000 after acquiring an additional 32,642 shares during the period. Institutional investors own 68.32% of the company’s stock.

PayPal Company Profile

(Get Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

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Analyst Recommendations for PayPal (NASDAQ:PYPL)

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