PayPal (NASDAQ:PYPL) Receives Neutral Rating from Piper Sandler

Piper Sandler reiterated their neutral rating on shares of PayPal (NASDAQ:PYPL) in a research report sent to investors on Friday morning, MarketBeat Ratings reports. They currently have a $88.00 target price on the credit services provider’s stock.

A number of other research analysts have also issued reports on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $78.00 target price on shares of PayPal in a research note on Wednesday, September 18th. Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and increased their target price for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Wells Fargo & Company boosted their price objective on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. UBS Group boosted 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. Finally, Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.60.

PayPal Price Performance

Shares of PYPL opened at $86.77 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market cap of $86.99 billion, a PE ratio of 20.71, a PEG ratio of 1.51 and a beta of 1.43. PayPal has a twelve month low of $55.55 and a twelve month high of $87.92. The firm’s 50 day moving average price is $80.41 and its 200 day moving average price is $69.72.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the prior year, the company posted $0.97 earnings per share. PayPal’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, research analysts expect that PayPal will post 4.57 EPS for the current fiscal year.

Institutional Trading of PayPal

Several hedge funds have recently added to or reduced their stakes in PYPL. United Advisor Group LLC acquired a new position in shares of PayPal in the third quarter valued at approximately $810,000. FCG Investment Co bought a new stake in shares of PayPal in the third quarter worth $1,079,000. Equity Investment Corp lifted its position in PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after buying an additional 67,497 shares in the last quarter. Weil Company Inc. grew its stake in PayPal by 68.9% in the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after purchasing an additional 17,003 shares in the last quarter. Finally, Brown Financial Advisors acquired a new stake in shares of PayPal in the 2nd quarter valued at approximately $1,454,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

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.