Brokerages Set Paypal Holdings Inc (NASDAQ:PYPL) Price Target at $124.25

Shares of Paypal Holdings Inc (NASDAQ:PYPL) have earned an average rating of “Buy” from the thirty-three ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and twenty-four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $124.25.

Several research analysts have issued reports on PYPL shares. Bank of America restated a “buy” rating and issued a $127.00 price target (down previously from $131.00) on shares of Paypal in a research report on Friday, September 13th. SunTrust Banks decreased their price target on shares of Paypal to $105.00 and set a “hold” rating on the stock in a research report on Thursday, October 24th. Cantor Fitzgerald decreased their price target on shares of Paypal from $135.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, October 24th. KeyCorp lifted their price target on shares of Paypal from $118.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, July 25th. Finally, BidaskClub lowered shares of Paypal from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th.

NASDAQ PYPL traded up $0.47 during trading hours on Thursday, reaching $104.20. The company’s stock had a trading volume of 5,468,400 shares, compared to its average volume of 8,378,746. Paypal has a 52 week low of $75.47 and a 52 week high of $121.48. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.30. The stock has a market cap of $121.80 billion, a PE ratio of 58.21, a PEG ratio of 2.46 and a beta of 0.96. The business has a 50-day simple moving average of $102.52 and a 200 day simple moving average of $109.15.

Paypal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.09. The business had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.35 billion. Paypal had a net margin of 14.89% and a return on equity of 16.73%. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same quarter last year, the business earned $0.58 earnings per share. As a group, equities analysts predict that Paypal will post 2.3 EPS for the current year.

In other Paypal news, insider Daniel H. Schulman sold 30,000 shares of Paypal stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $108.62, for a total transaction of $3,258,600.00. Following the completion of the sale, the insider now owns 472,074 shares of the company’s stock, valued at approximately $51,276,677.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John D. Rainey sold 7,283 shares of Paypal stock in a transaction on Monday, August 26th. The shares were sold at an average price of $107.23, for a total transaction of $780,956.09. Following the sale, the chief financial officer now directly owns 115,128 shares of the company’s stock, valued at approximately $12,345,175.44. The disclosure for this sale can be found here. Insiders sold a total of 102,790 shares of company stock valued at $11,063,917 in the last ninety days. Company insiders own 0.15% of the company’s stock.

Several large investors have recently modified their holdings of PYPL. Bath Savings Trust Co acquired a new stake in shares of Paypal during the 2nd quarter valued at $210,000. Winfield Associates Inc. bought a new position in shares of Paypal during the 2nd quarter valued at $212,000. Swedbank raised its holdings in shares of Paypal by 4.6% during the 2nd quarter. Swedbank now owns 2,706,978 shares of the credit services provider’s stock valued at $309,841,000 after purchasing an additional 119,738 shares in the last quarter. KAMES CAPITAL plc bought a new position in shares of Paypal during the 2nd quarter valued at $8,543,000. Finally, Burns J W & Co. Inc. NY raised its holdings in shares of Paypal by 2.7% during the 2nd quarter. Burns J W & Co. Inc. NY now owns 37,775 shares of the credit services provider’s stock valued at $4,324,000 after purchasing an additional 1,000 shares in the last quarter. 81.11% of the stock is owned by institutional investors.

Paypal Company Profile

PayPal Holdings, Inc operates as a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants worldwide. Its payment solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and iZettle products. The company's Payments Platform allows consumers to send payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

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Analyst Recommendations for Paypal (NASDAQ:PYPL)

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