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

Shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) have earned a consensus recommendation of “Hold” from the forty-five analysts that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, thirty-two have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $55.8514.

A number of research analysts recently commented on PYPL shares. Raymond James Financial reissued a “market perform” rating on shares of PayPal in a research note on Monday, February 23rd. Zacks Research raised PayPal from a “strong sell” rating to a “hold” rating in a research note on Friday, April 17th. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a report on Tuesday, May 5th. Citizens Jmp reiterated a “market perform” rating on shares of PayPal in a research report on Wednesday, February 4th. Finally, Mizuho reissued a “neutral” rating and set a $50.00 target price (down from $60.00) on shares of PayPal in a research note on Thursday, April 16th.

Read Our Latest Report on PayPal

Insider Transactions at PayPal

In other news, insider Suzan Kereere sold 13,515 shares of PayPal stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $46.02, for a total transaction of $621,960.30. Following the sale, the insider owned 30,983 shares of the company’s stock, valued at approximately $1,425,837.66. The trade was a 30.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Frank Keller sold 10,732 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $49.96, for a total value of $536,170.72. Following the transaction, the insider directly owned 41,567 shares of the company’s stock, valued at approximately $2,076,687.32. This trade represents a 20.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 57,373 shares of company stock valued at $2,684,341. Company insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bard Associates Inc. purchased a new position in PayPal during the fourth quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 purchasing an additional 457 shares during the period. Safe Harbor Fiduciary LLC bought a new position in PayPal during the 4th quarter valued at about $28,000. Cloud Capital Management LLC purchased a new stake in PayPal in the 3rd quarter worth about $30,000. Finally, Kelleher Financial Advisors purchased a new stake in PayPal in the 3rd quarter worth about $30,000. 68.32% of the stock is currently owned by institutional investors.

PayPal Price Performance

PYPL stock opened at $44.23 on Friday. The firm has a 50 day moving average of $46.40 and a 200-day moving average of $52.18. The firm has a market capitalization of $39.02 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39. PayPal has a 12 month low of $38.46 and a 12 month high of $79.50. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47.

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

PayPal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 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 1.3%. The ex-dividend date of this dividend is Thursday, June 4th. PayPal’s payout ratio is presently 10.51%.

Trending Headlines about PayPal

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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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