PayPal Holdings, Inc. (NASDAQ:PYPL) Receives Consensus Rating of “Hold” from Analysts

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) have been assigned a consensus recommendation of “Hold” from the forty-five brokerages that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, thirty-two have given a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $55.8514.

Several analysts have recently weighed in on the company. Citigroup lifted their price objective on PayPal from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. UBS Group lifted their price objective on PayPal from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Truist Financial decreased their price objective on PayPal from $45.00 to $44.00 and set a “sell” rating on the stock in a report on Tuesday, May 12th. The Goldman Sachs Group decreased their price objective on PayPal from $41.00 to $40.00 in a report on Wednesday, May 6th. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $42.00 price objective on shares of PayPal in a report on Wednesday, May 20th.

PayPal Price Performance

Shares of NASDAQ:PYPL opened at $41.46 on Wednesday. PayPal has a 1-year low of $38.46 and a 1-year high of $79.50. The firm has a market capitalization of $36.57 billion, a PE ratio of 7.78, a PEG ratio of 1.03 and a beta of 1.34. The business’s 50 day moving average is $46.07 and its 200-day moving average is $50.25. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. PayPal had a return on equity of 25.02% and a net margin of 15.00%.The company had revenue of $8.35 billion for the quarter, compared to analyst estimates of $8.05 billion. During the same quarter last year, the firm earned $1.33 EPS. PayPal’s revenue for the quarter was up 7.2% compared to the same quarter last year. Sell-side analysts predict that PayPal will post 5.3 earnings per share for the current year.

PayPal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 4th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.56 annualized dividend and a yield of 1.4%. PayPal’s payout ratio is currently 10.51%.

Insider Activity at PayPal

In related news, CAO Chris Natali sold 1,337 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $49.46, for a total value of $66,128.02. Following the sale, the chief accounting officer owned 1,586 shares of the company’s stock, valued at $78,443.56. The trade was a 45.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Suzan Kereere sold 3,379 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $42.79, for a total value of $144,587.41. Following the completion of the sale, the insider directly owned 30,983 shares in the company, valued at approximately $1,325,762.57. This represents a 9.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 20,612 shares of company stock valued at $966,623 in the last 90 days. 0.63% of the stock is owned by corporate insiders.

Institutional Trading of PayPal

Institutional investors have recently bought and sold shares of the stock. Bard Associates Inc. acquired a new stake in PayPal in the 4th quarter valued at $25,000. Kelleher Financial Advisors acquired a new stake in PayPal in the 3rd quarter valued at $30,000. Caitong International Asset Management Co. Ltd boosted its stake in PayPal by 15,233.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 460 shares of the credit services provider’s stock valued at $27,000 after buying an additional 457 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in PayPal in the 4th quarter valued at $28,000. Finally, Advocate Investing Services LLC acquired a new stake in PayPal in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

About PayPal

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.