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

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have been assigned a consensus rating of “Hold” from the forty-seven brokerages that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, thirty-four have given a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $56.2778.

A number of equities analysts have issued reports on PYPL shares. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Tuesday, May 5th. Truist Financial raised their price objective on shares of PayPal from $59.00 to $62.00 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. Canaccord Genuity Group restated a “hold” rating and set a $55.00 price objective on shares of PayPal in a research report on Wednesday, July 29th. The Goldman Sachs Group set a $50.00 target price on PayPal in a report on Tuesday, July 28th. Finally, Barclays raised their price target on PayPal from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th.

Insider Activity at PayPal

In other PayPal news, insider Frank Keller sold 4,612 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $42.54, for a total transaction of $196,194.48. Following the sale, the insider directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 1,337 shares of PayPal stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $58.10, for a total transaction of $77,679.70. Following the sale, the chief accounting officer owned 2,216 shares of the company’s stock, valued at approximately $128,749.60. This trade represents a 37.63% 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. In the last quarter, insiders sold 14,774 shares of company stock valued at $738,249. 0.63% of the stock is owned by insiders.

Institutional Trading of PayPal

Hedge funds have recently bought and sold shares of the company. Maia Wealth LLC grew its stake in shares of PayPal by 2.5% during the 3rd quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock worth $424,000 after acquiring an additional 155 shares in the last quarter. GeoWealth Management LLC lifted its position in shares of PayPal by 6.2% in the third quarter. GeoWealth Management LLC now owns 3,214 shares of the credit services provider’s stock worth $216,000 after purchasing an additional 188 shares in the last quarter. Formidable Asset Management LLC boosted its holdings in PayPal by 0.8% during the first quarter. Formidable Asset Management LLC now owns 25,937 shares of the credit services provider’s stock worth $1,173,000 after purchasing an additional 205 shares during the last quarter. KPP Advisory Services LLC boosted its holdings in PayPal by 3.3% during the first quarter. KPP Advisory Services LLC now owns 6,625 shares of the credit services provider’s stock worth $300,000 after purchasing an additional 214 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC grew its position in PayPal by 3.5% in the first quarter. Jackson Thornton Wealth Management LLC now owns 7,110 shares of the credit services provider’s stock valued at $322,000 after purchasing an additional 238 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Stock Down 0.7%

PYPL opened at $61.81 on Monday. The business’s fifty day moving average is $53.28 and its two-hundred day moving average is $47.92. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $52.88 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.52 and a beta of 1.30. PayPal has a one year low of $38.46 and a one year high of $79.21.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, July 28th. The credit services provider reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.10. The company had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.47 billion. PayPal had a return on equity of 24.39% and a net margin of 14.36%.PayPal’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.40 earnings per share. Analysts anticipate that PayPal will post 5.38 EPS for the current fiscal year.

PayPal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, September 4th. PayPal’s dividend payout ratio (DPR) is currently 10.59%.

About PayPal

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.