PayPal (PYPL) Receives $78.23 Consensus PT from Analysts

Shares of PayPal (NASDAQ:PYPL) have received an average recommendation of “Buy” from the forty-five ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $78.23.

A number of research firms recently weighed in on PYPL. Jefferies Group upped their target price on shares of PayPal from $86.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Stifel Nicolaus upped their target price on shares of PayPal from $77.00 to $79.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. Vetr raised shares of PayPal from a “hold” rating to a “buy” rating and set a $86.65 target price on the stock in a research note on Thursday, February 1st. Nomura upped their target price on shares of PayPal to $97.00 and gave the company a “buy” rating in a research note on Thursday, March 15th. Finally, Mizuho reissued a “hold” rating and issued a $75.00 target price on shares of PayPal in a research note on Thursday, January 4th.

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In related news, CAO Aaron Anderson sold 3,843 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $77.98, for a total value of $299,677.14. Following the transaction, the chief accounting officer now directly owns 17,561 shares in the company, valued at $1,369,406.78. 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 50,977 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $77.68, for a total transaction of $3,959,893.36. Following the completion of the transaction, the chief financial officer now owns 114,020 shares in the company, valued at $8,857,073.60. The disclosure for this sale can be found here. Insiders sold 222,413 shares of company stock worth $17,321,428 over the last 90 days. 6.00% of the stock is currently owned by company insiders.



A number of hedge funds and other institutional investors have recently made changes to their positions in PYPL. Buckingham Capital Management Inc. increased its stake in PayPal by 7.4% in the third quarter. Buckingham Capital Management Inc. now owns 47,362 shares of the credit services provider’s stock valued at $3,033,000 after purchasing an additional 3,268 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in PayPal in the third quarter valued at approximately $1,017,000. Atlantic Trust Group LLC increased its stake in PayPal by 48.5% in the third quarter. Atlantic Trust Group LLC now owns 197,147 shares of the credit services provider’s stock valued at $12,624,000 after purchasing an additional 64,416 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd bought a new stake in PayPal in the fourth quarter valued at approximately $876,000. Finally, Abner Herrman & Brock LLC increased its stake in PayPal by 1.0% in the fourth quarter. Abner Herrman & Brock LLC now owns 258,553 shares of the credit services provider’s stock valued at $19,035,000 after purchasing an additional 2,560 shares in the last quarter. Institutional investors and hedge funds own 80.58% of the company’s stock.

NASDAQ PYPL traded down $0.95 on Wednesday, reaching $78.73. The company’s stock had a trading volume of 6,219,940 shares, compared to its average volume of 7,638,547. The stock has a market cap of $94,594.59, a P/E ratio of 56.64, a PEG ratio of 2.63 and a beta of 1.28. PayPal has a 52 week low of $43.60 and a 52 week high of $86.32.

PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, January 31st. The credit services provider reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.64 billion. PayPal had a net margin of 13.71% and a return on equity of 11.59%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 earnings per share. equities analysts predict that PayPal will post 1.73 EPS for the current year.

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About PayPal

PayPal Holdings, Inc operates as a technology platform 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 Paydiant products. The company's platform allows consumers to shop by sending payments, withdraw funds to their bank accounts, and hold balances in their PayPal accounts in various currencies.

Analyst Recommendations for PayPal (NASDAQ:PYPL)

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