Needham & Company LLC Reiterates Hold Rating for PayPal (NASDAQ:PYPL)

Needham & Company LLC reiterated their hold rating on shares of PayPal (NASDAQ:PYPL) in a research note published on Wednesday morning,Benzinga reports.

A number of other equities analysts have also recently issued reports on the stock. Monness Crespi & Hardt boosted their price objective on shares of PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Susquehanna boosted their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a report on Friday, December 13th. The Goldman Sachs Group upped their target price on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, UBS Group lifted their price target on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $89.29.

PayPal Trading Up 1.9 %

NASDAQ PYPL opened at $79.20 on Wednesday. The stock has a 50-day moving average of $88.01 and a 200-day moving average of $79.39. 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 firm has a market cap of $79.40 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts forecast that PayPal will post 4.58 EPS for the current year.

Institutional Trading of PayPal

A number of institutional investors and hedge funds have recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal in the 3rd quarter worth approximately $26,000. Rosenberg Matthew Hamilton increased its holdings in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC increased its holdings in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Planning Capital Management Corp raised its stake in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its holdings in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.

PayPal Company Profile

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.