PayPal (NASDAQ:PYPL) Given Hold Rating at Needham & Company LLC

PayPal (NASDAQ:PYPL)‘s stock had its “hold” rating reiterated by equities researchers at Needham & Company LLC in a research report issued to clients and investors on Wednesday,Benzinga reports.

Several other equities analysts have also recently issued reports on the company. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. The Goldman Sachs Group increased their price objective on shares of PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Citigroup restated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Finally, BMO Capital Markets lifted their price objective on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.52.

PayPal Price Performance

Shares of NASDAQ PYPL opened at $74.07 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. PayPal has a one year low of $56.97 and a one year high of $93.66. The firm has a market capitalization of $73.27 billion, a P/E ratio of 18.47, a PEG ratio of 1.27 and a beta of 1.44. The company’s fifty day moving average is $84.52 and its two-hundred day moving average is $81.02.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. Analysts forecast that PayPal will post 5.03 EPS for the current fiscal year.

Institutional Investors Weigh In On PayPal

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Mpwm Advisory Solutions LLC acquired a new position in PayPal during the 4th quarter worth $25,000. Hurley Capital LLC acquired a new position in shares of PayPal in the 4th quarter worth approximately $27,000. 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 valued at $26,000 after acquiring an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal during the 3rd quarter valued at approximately $26,000. Finally, Sugarloaf Wealth Management LLC raised its position in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

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.