PayPal Holdings, Inc. (NASDAQ:PYPL) Receives $56.28 Average Target Price from Analysts

PayPal Holdings, Inc. (NASDAQ:PYPL – Get Free Report) has been given an average rating of “Hold” by the forty-seven analysts that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell rating, thirty-four have given a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $56.1389.

Several research firms recently weighed in on PYPL. HSBC assumed coverage on PayPal in a research note on Friday, July 24th. They issued a “buy” rating for the company. Truist Financial upped their target price on shares of PayPal from $59.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, August 19th. Cantor Fitzgerald raised their target price on shares of PayPal from $54.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Robert W. Baird raised their price target on PayPal from $50.00 to $57.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Finally, Susquehanna lifted their price target on shares of PayPal from $63.00 to $67.00 and gave the company a “positive” rating in a report on Wednesday, July 29th.

Get PayPal alerts:

Check Out Our Latest Stock Analysis on PYPL

Insider Activity

In other PayPal news, CAO Chris Natali sold 1,337 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $58.10, for a total value of $77,679.70. Following the completion of the transaction, the chief accounting officer directly owned 2,216 shares of the company’s stock, valued at $128,749.60. This represents a 37.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 4,162 shares of PayPal stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $60.96, for a total value of $253,715.52. Following the sale, the insider directly owned 30,983 shares in the company, valued at approximately $1,888,723.68. The trade was a 11.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 14,774 shares of company stock worth $738,249. 0.63% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PayPal

Several hedge funds and other institutional investors have recently modified their holdings of PYPL. Bard Associates Inc. acquired a new position in shares of PayPal in the 4th quarter worth approximately $25,000. Allied Private Wealth LLC bought a new stake in shares of PayPal in the 2nd quarter worth approximately $25,000. Robinswood Financial LLC acquired a new position in PayPal during the 1st quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd grew its stake in PayPal by 15,233.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock worth $27,000 after buying an additional 457 shares during the last quarter. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in PayPal in the second quarter worth $27,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

Shares of PYPL opened at $53.66 on Monday. PayPal has a twelve month low of $38.46 and a twelve month high of $79.21. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $45.90 billion, a P/E ratio of 10.14, a PEG ratio of 1.31 and a beta of 1.29. The firm’s 50-day moving average is $53.88 and its two-hundred day moving average is $48.16.

PayPal (NASDAQ:PYPL – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.10. The company had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.47 billion. PayPal had a net margin of 14.36% and a return on equity of 24.39%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $1.40 EPS. On average, research analysts predict that PayPal will post 5.38 earnings per share for the current fiscal year.

PayPal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, September 4th. PayPal’s dividend payout ratio is currently 10.59%.

About PayPal

(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.

Featured Stories

• Five stocks we like better than PayPal
• Broadcom’s Earnings Test Comes With a Higher Bar After NVIDIA’s Blowout
• Palo Alto’s Rally Has One Big Problem Ahead of Earnings
• These 5 ETFs Have Raked in Cash This Year—What Do They All Have in Common?
• DLocal Is Testing the Breakout Level That Could Change Its Stock Story

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.