PayPal Holdings, Inc. (NASDAQ:PYPL) Receives $89.48 Consensus Price Target from Analysts

PayPal Holdings, Inc. (NASDAQ:PYPL) has earned an average recommendation of “Moderate Buy” from the thirty-five research firms that are covering the company, MarketBeat reports. Fourteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned 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.

Several research analysts recently commented on the stock. Macquarie boosted their price objective on shares of PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. 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. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Wells Fargo & Company increased their price target on PayPal from $75.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, January 16th. Finally, Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th.

PayPal Price Performance

PYPL opened at $88.58 on Friday. The firm has a market capitalization of $88.80 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.49 and a beta of 1.44. The business’s 50-day moving average is $88.16 and its two-hundred day moving average is $78.81. PayPal has a 1 year low of $55.77 and a 1 year high of $93.66. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PYPL. Relyea Zuckerberg Hanson LLC increased its stake in PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock worth $638,000 after buying an additional 3,976 shares in the last quarter. World Investment Advisors LLC purchased a new position in PayPal in the 3rd quarter valued at $387,435,000. United Advisor Group LLC acquired a new stake in PayPal during the 3rd quarter worth $810,000. FCG Investment Co purchased a new stake in shares of PayPal during the third quarter worth $1,079,000. Finally, Equity Investment Corp raised its position in shares of PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock valued at $155,927,000 after buying an additional 67,497 shares during the last quarter. Institutional investors and hedge funds 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.