PayPal Holdings, Inc. (NASDAQ:PYPL) Stock Has Average Target Price of $55.94

PayPal Holdings, Inc. (NASDAQ:PYPL) has been given an average recommendation of “Hold” by the forty-six research firms that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell recommendation, thirty-two have issued a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $55.94.

PYPL has been the subject of several recent research reports. Telsey Advisory Group lowered PayPal to a “market perform” rating in a research report on Friday, July 24th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $55.00 price objective on shares of PayPal in a research report on Friday, September 25th. Royal Bank Of Canada raised their price objective on PayPal from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Barclays dropped their target price on PayPal from $57.00 to $56.00 and set an “equal weight” rating for the company in a report on Friday, October 9th. Finally, Citigroup cut their target price on PayPal from $61.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 28th.

PayPal Trading Up 1.4%

Shares of PYPL stock opened at $60.05 on Friday. PayPal has a 12-month low of $38.46 and a 12-month high of $67.99. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.56. The stock’s 50-day moving average price is $55.22 and its 200-day moving average price is $50.12. The stock has a market capitalization of $49.88 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 1.25 and a beta of 1.33.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 27th. The credit services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.14. PayPal had a net margin of 13.78% and a return on equity of 24.39%. The company had revenue of $8.58 billion for the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter in the previous year, the business posted $1.34 earnings per share. PayPal’s quarterly revenue was up 2.0% on a year-over-year basis. Equities research analysts predict that PayPal will post 5.59 EPS for the current fiscal year.

PayPal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Shareholders of record on Friday, December 4th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, December 4th. PayPal’s payout ratio is presently 10.69%.

Insiders Place Their Bets

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $60.96, for a total transaction of $253,715.52. Following the transaction, the insider owned 30,983 shares in the company, valued at $1,888,723.68. The trade was a 11.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Chris Natali sold 552 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $54.80, for a total transaction of $30,249.60. Following the completion of the sale, the chief accounting officer directly owned 2,400 shares in the company, valued at approximately $131,520. This represents a 18.70% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,437 shares of company stock valued at $768,417 over the last three months. 0.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Legacy Trust boosted its holdings in PayPal by 2.2% during the 3rd quarter. Legacy Trust now owns 55,628 shares of the credit services provider’s stock valued at $3,171,000 after acquiring an additional 1,196 shares during the period. Illinois Municipal Retirement Fund increased its stake in PayPal by 9.9% in the third quarter. Illinois Municipal Retirement Fund now owns 104,623 shares of the credit services provider’s stock worth $5,496,000 after purchasing an additional 9,424 shares during the period. Allspring Global Investments Holdings LLC increased its stake in PayPal by 4.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 42,741 shares of the credit services provider’s stock worth $2,268,000 after purchasing an additional 1,654 shares during the period. International Assets Investment Management LLC lifted its position in shares of PayPal by 47.1% during the third quarter. International Assets Investment Management LLC now owns 76,000 shares of the credit services provider’s stock worth $3,992,000 after purchasing an additional 24,332 shares during the last quarter. Finally, Covestor Ltd lifted its position in shares of PayPal by 35.8% during the third quarter. Covestor Ltd now owns 3,949 shares of the credit services provider’s stock worth $207,000 after purchasing an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

PayPal Company Profile