Analysts Set PayPal Holdings, Inc. (NASDAQ:PYPL) Price Target at $89.48

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have earned a consensus rating of “Moderate Buy” from the thirty-five research firms that are covering the company, MarketBeat reports. Fourteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $89.48.

PYPL has been the topic of several research analyst reports. Monness Crespi & Hardt boosted their price target on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a report on Monday, October 28th. Barclays boosted their target price on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. BMO Capital Markets lifted their price target on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, October 30th. Mizuho increased their price objective on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research note on Friday, December 13th.

Hedge Funds Weigh In On PayPal

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. J.P. Marvel Investment Advisors LLC grew its holdings in shares of PayPal by 309.4% during the 4th quarter. J.P. Marvel Investment Advisors LLC now owns 61,417 shares of the credit services provider’s stock worth $5,242,000 after purchasing an additional 46,417 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in PayPal in the fourth quarter worth $423,000. Allworth Financial LP boosted its stake in PayPal by 245.7% during the fourth quarter. Allworth Financial LP now owns 19,800 shares of the credit services provider’s stock worth $1,779,000 after buying an additional 14,073 shares in the last quarter. Principal Securities Inc. boosted its stake in PayPal by 35.1% during the fourth quarter. Principal Securities Inc. now owns 22,531 shares of the credit services provider’s stock worth $1,923,000 after buying an additional 5,858 shares in the last quarter. Finally, Everhart Financial Group Inc. increased its holdings in PayPal by 16.4% in the 4th quarter. Everhart Financial Group Inc. now owns 4,619 shares of the credit services provider’s stock valued at $394,000 after buying an additional 652 shares during the period. 68.32% of the stock is currently owned by institutional investors.

PayPal Stock Up 0.9 %

Shares of PayPal stock opened at $89.57 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. PayPal has a 1 year low of $55.77 and a 1 year high of $93.66. The stock has a 50-day moving average price of $88.04 and a 200 day moving average price of $78.53. The company has a market cap of $89.80 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.54 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. As a group, analysts expect that PayPal will post 4.58 EPS for the current fiscal year.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.