PayPal (NASDAQ:PYPL) Trading 2.2% Higher

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s share price shot up 2.2% during trading on Monday . The stock traded as high as $66.70 and last traded at $66.59. 2,487,021 shares changed hands during trading, a decline of 86% from the average session volume of 17,409,309 shares. The stock had previously closed at $65.15.

Analyst Ratings Changes

Several research firms recently commented on PYPL. DZ Bank cut PayPal from a "buy" rating to a "hold" rating and set a $60.00 price objective on the stock. in a research report on Friday, February 9th. JMP Securities reaffirmed a "market outperform" rating and set a $68.00 price objective on shares of PayPal in a research report on Thursday, February 8th. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a report on Friday. Wedbush reaffirmed an "outperform" rating and set a $85.00 price target on shares of PayPal in a report on Thursday, February 8th. Finally, BTIG Research reissued a "neutral" rating on shares of PayPal in a research note on Friday, January 5th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, PayPal currently has a consensus rating of "Hold" and an average target price of $70.47.

PayPal Trading Up 1.8 %

The firm has a market capitalization of $71.10 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 1.47 and a beta of 1.45. The stock has a 50-day simple moving average of $61.79 and a two-hundred day simple moving average of $59.52. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm had revenue of $8.03 billion during the quarter, compared to analysts' expectations of $7.88 billion. During the same quarter in the prior year, the company earned $1.01 EPS. The company's revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 3.95 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares of the company's stock, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of PayPal by 2.7% in the first quarter. State Street Corp now owns 45,423,344 shares of the credit services provider's stock worth $3,449,434,000 after acquiring an additional 1,202,956 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of PayPal by 1.1% during the first quarter. Geode Capital Management LLC now owns 20,947,345 shares of the credit services provider's stock worth $1,586,966,000 after buying an additional 235,651 shares in the last quarter. Morgan Stanley raised its position in shares of PayPal by 4.5% in the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider's stock valued at $1,173,254,000 after buying an additional 873,181 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of PayPal by 110,462.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider's stock worth $1,220,431,000 after buying an additional 17,120,572 shares in the last quarter. Finally, Norges Bank purchased a new stake in PayPal during the 4th quarter valued at about $1,022,333,000. 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.