PayPal’s (PYPL) “Accumulate” Rating Reaffirmed at Phillip Securities

Phillip Securities restated their accumulate rating on shares of PayPal (NASDAQ:PYPL) in a research note published on Friday morning, Benzinga reports. Phillip Securities currently has a $90.00 target price on the credit services provider’s stock, up from their prior target price of $80.00.

Several other equities analysts also recently weighed in on PYPL. Wells Fargo & Company lifted their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. TD Cowen lifted their price objective on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Stephens increased their target price on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. The Goldman Sachs Group increased their price objective on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Macquarie boosted their target price on PayPal from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Wednesday. Seventeen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.29.

PayPal Trading Down 2.6 %

NASDAQ PYPL traded down $2.05 during trading hours on Friday, reaching $77.25. The company had a trading volume of 16,473,606 shares, compared to its average volume of 10,326,439. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $77.45 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 1.41 and a beta of 1.43. The stock has a 50-day moving average of $76.50 and a 200 day moving average of $67.66. PayPal has a 1-year low of $52.55 and a 1-year high of $83.70.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The firm 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% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS. As a group, research analysts anticipate that PayPal will post 4.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PayPal

Large investors have recently made changes to their positions in the stock. Bruce G. Allen Investments LLC increased its stake in shares of PayPal by 7.4% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after purchasing an additional 124 shares during the last quarter. First United Bank & Trust raised its holdings in PayPal by 6.4% during the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after buying an additional 145 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of PayPal by 3.3% in the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after buying an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC increased its holdings in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. Finally, First Bank & Trust raised its stake in shares of PayPal by 4.4% in the 3rd quarter. First Bank & Trust now owns 4,016 shares of the credit services provider’s stock valued at $313,000 after acquiring an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

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.