Fintel reports that on July 25, 2023, BTIG maintained coverage of PayPal Holdings (NASDAQ:PYPL) with a Buy recommendation.
Analyst Price Forecast Suggests 26.41% Upside
As of July 6, 2023, the average one-year price target for PayPal Holdings is 93.15. The forecasts range from a low of 58.58 to a high of $168.00. The average price target represents an increase of 26.41% from its latest reported closing price of 73.69.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for PayPal Holdings is 30,654MM, an increase of 9.19%. The projected annual non-GAAP EPS is 4.86.
What is the Fund Sentiment?
There are 3102 funds or institutions reporting positions in PayPal Holdings. This is a decrease of 48 owner(s) or 1.52% in the last quarter. Average portfolio weight of all funds dedicated to PYPL is 0.51%, an increase of 1.21%. Total shares owned by institutions increased in the last three months by 26.58% to 1,150,375K shares. 
The put/call ratio of PYPL is 0.60, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 34,959K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 34,601K shares, representing an increase of 1.02%. The firm decreased its portfolio allocation in PYPL by 0.53% over the last quarter.
Ofi Invest Asset Management holds 33,281K shares representing 2.98% ownership of the company.
Comprehensive Financial Management holds 29,662K shares representing 2.66% ownership of the company. In it's prior filing, the firm reported owning 29,762K shares, representing a decrease of 0.34%. The firm increased its portfolio allocation in PYPL by 0.15% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 26,400K shares representing 2.37% ownership of the company. In it's prior filing, the firm reported owning 26,354K shares, representing an increase of 0.17%. The firm decreased its portfolio allocation in PYPL by 0.95% over the last quarter.
Geode Capital Management holds 20,947K shares representing 1.88% ownership of the company. In it's prior filing, the firm reported owning 20,712K shares, representing an increase of 1.12%. The firm decreased its portfolio allocation in PYPL by 0.26% over the last quarter.
PayPal Holdings Background Information
(This description is provided by the company.)
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make [nancial services and commerce more convenient, a ordable, and secure, the PayPal platform is empowering more than 375 million consumers and merchants in more than 200 markets to join and thrive in the global economy.
Additional reading:
- 16 June 2023 PAYPAL (EUROPE) S.À R.L. ET CIE, S.C.A. as Seller ALPS PARTNERS S.À R.L. as Purchaser BNY MELLON CORPORATE TRUSTEE SERVICES LIMITED as Security Agent PAYPAL (EUROPE) S.À R.L. ET CIE, S.C.A. as Receivables Manager AVEGA S.À R.L. as Back-U
- Dated 16 June 2023 ALPS PARTNERS S.À R.L. as Purchaser PAYPAL (EUROPE) S.À R.L. ET CIE, S.C.A. as Receivables Manager and Seller BNY MELLON CORPORATE TRUSTEE SERVICES LIMITED as Security Agent AVEGA S.À R.L. as Back-Up Receivables Manager Facilitator
- PayPal and KKR Announce Exclusive Multi-Year Relationship for European Pay Later Receivables
- $5,000,000,000 CREDIT AGREEMENT Dated as of June 7, 2023 PAYPAL HOLDINGS, INC., as the Parent Borrower, The Designated Borrowers from Time to Time Parties Hereto, JPMORGAN CHASE BANK, N.A., as the Parent Borrower Administrative Agent and Luxembourg B
- PayPal Holdings, Inc. OFFICER’S CERTIFICATE June 9, 2023
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
