PayPal (NASDAQ:PYPL) Stock Price Up 0.3%

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) traded up 0.3% during mid-day trading on Tuesday . The company traded as high as $67.26 and last traded at $66.52. 2,913,844 shares traded hands during trading, a decline of 83% from the average session volume of 17,282,480 shares. The stock had previously closed at $66.34.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wedbush restated an "outperform" rating and set a $85.00 target price on shares of PayPal in a research report on Thursday, February 8th. JMP Securities restated a "market outperform" rating and set a $68.00 target price on shares of PayPal in a research report on Thursday, February 8th. Argus downgraded shares of PayPal from a "buy" rating to a "hold" rating in a research report on Friday, February 9th. Oppenheimer restated a "market perform" rating on shares of PayPal in a research report on Thursday, January 25th. Finally, Morgan Stanley restated an "equal weight" rating and set a $66.00 target price (down from $118.00) on shares of PayPal in a research report on Tuesday, January 9th. Twenty-three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $70.47.

PayPal Stock Performance

The company has a market cap of $71.81 billion, a PE ratio of 17.45, a PEG ratio of 1.47 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The firm's 50 day moving average is $61.91 and its 200-day moving average is $59.64.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating 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 company 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. PayPal's revenue was up 8.7% compared to the same quarter last year. On average, research analysts anticipate that PayPal Holdings, Inc. will post 3.95 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Frank Keller sold 7,686 shares of the 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 completion of the sale, the senior vice president now owns 23,430 shares of the company's stock, valued at approximately $1,420,795.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.

Institutional Trading of PayPal

Several hedge funds have recently made changes to their positions in PYPL. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of PayPal in the 4th quarter worth approximately $25,000. Sutton Wealth Advisors Inc. lifted its holdings in shares of PayPal by 115.0% in the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider's stock worth $26,000 after acquiring an additional 237 shares during the last quarter. PCA Investment Advisory Services Inc. acquired a new position in shares of PayPal in the 2nd quarter worth approximately $27,000. Main Street Group LTD acquired a new position in shares of PayPal in the 4th quarter worth approximately $27,000. Finally, Resurgent Financial Advisors LLC acquired a new position in shares of PayPal in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors 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.