PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Has Consensus Price Target of $56.03 According to Analysts

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have been assigned an average recommendation of “Hold” from the forty-seven brokerages that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, thirty-four have given a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $56.03.

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group set a $50.00 target price on shares of PayPal in a research report on Tuesday, July 28th. Susquehanna boosted their price target on shares of PayPal from $63.00 to $67.00 and gave the company a “positive” rating in a research report on Wednesday, July 29th. Truist Financial dropped their price target on shares of PayPal from $62.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, August 31st. JPMorgan Chase & Co. raised their price objective on shares of PayPal from $46.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Finally, Piper Sandler lifted their price objective on shares of PayPal from $42.00 to $59.00 and gave the company a “neutral” rating in a research note on Monday, August 17th.

Insider Transactions at PayPal

In related news, CAO Chris Natali sold 1,337 shares of the 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 represents a 37.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Keller sold 4,612 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $55.43, for a total value of $255,643.16. Following the sale, the insider directly owned 41,567 shares in the company, valued at $2,304,058.81. This trade represents a 9.99% 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. Insiders sold 14,774 shares of company stock valued at $848,095 over the last three months. Company insiders own 0.63% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PYPL. QRG Capital Management Inc. lifted its holdings in shares of PayPal by 12.3% in the second quarter. QRG Capital Management Inc. now owns 197,321 shares of the credit services provider’s stock worth $8,520,000 after buying an additional 21,666 shares in the last quarter. Anchor Investment Management LLC boosted its position in shares of PayPal by 11.1% in the second quarter. Anchor Investment Management LLC now owns 41,777 shares of the credit services provider’s stock valued at $1,804,000 after acquiring an additional 4,173 shares during the period. IPG Investment Advisors LLC grew its stake in PayPal by 35.6% during the second quarter. IPG Investment Advisors LLC now owns 23,989 shares of the credit services provider’s stock valued at $1,036,000 after acquiring an additional 6,295 shares in the last quarter. National Pension Service grew its stake in PayPal by 12.2% during the second quarter. National Pension Service now owns 1,772,726 shares of the credit services provider’s stock valued at $76,546,000 after acquiring an additional 192,536 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its holdings in PayPal by 25.1% during the 2nd quarter. Cidel Asset Management Inc. now owns 12,749 shares of the credit services provider’s stock worth $550,000 after acquiring an additional 2,559 shares during the period. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Stock Performance

NASDAQ:PYPL opened at $52.60 on Friday. The company has a market capitalization of $45.00 billion, a P/E ratio of 9.94, a P/E/G ratio of 1.13 and a beta of 1.28. The business has a fifty day simple moving average of $56.79 and a two-hundred day simple moving average of $49.46. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.29 and a quick ratio of 1.29. PayPal has a 1 year low of $38.46 and a 1 year high of $79.21.

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

PayPal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 4th. PayPal’s dividend payout ratio (DPR) is presently 10.59%.

PayPal Company Profile

PayPal Holdings, Inc is a digital payments and financial technology company that operates a global platform for consumers and businesses. Its services enable customers to send and receive money, make purchases online and in stores, and accept payments through digital checkout solutions. PayPal supports transactions using linked bank accounts, debit and credit cards, stored balances and other payment methods.

The company’s consumer and merchant offerings include the PayPal wallet, PayPal Checkout, PayPal Zettle point-of-sale tools, PayPal Braintree payment processing and PayPal Complete Payments.