PayPal (NASDAQ:PYPL) Trading 0.1% Higher

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s share price traded up 0.1% on Monday . The company traded as high as $65.47 and last traded at $64.66. 2,145,571 shares were traded during trading, a decline of 87% from the average session volume of 16,818,535 shares. The stock had previously closed at $64.59.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Evercore ISI increased their price target on PayPal from $56.00 to $60.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 26th. StockNews.com raised PayPal from a "hold" rating to a "buy" rating in a research note on Friday, April 5th. Monness Crespi & Hardt dropped their price objective on PayPal from $95.00 to $80.00 and set a "buy" rating for the company in a report on Thursday, February 8th. Argus downgraded PayPal from a "buy" rating to a "hold" rating in a report on Friday, February 9th. Finally, Wells Fargo & Company upped their price objective on PayPal from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Monday, January 29th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $70.47.

PayPal Stock Down 1.7 %

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The firm's 50-day moving average price is $62.12 and its 200 day moving average price is $59.79. The firm has a market cap of $66.85 billion, a P/E ratio of 16.53, a PEG ratio of 1.47 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS 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 business had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.88 billion. During the same quarter last year, the company posted $1.01 earnings per share. The company's quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts expect that PayPal Holdings, Inc. will post 3.93 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of the firm's stock in a transaction dated 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 $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On PayPal

A number of hedge funds have recently made changes to their positions in the business. Vestcor Inc raised its holdings in shares of PayPal by 0.5% during the fourth quarter. Vestcor Inc now owns 26,063 shares of the credit services provider's stock valued at $1,856,000 after buying an additional 140 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of PayPal by 1.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider's stock valued at $1,072,000 after acquiring an additional 143 shares during the period. Oxford Financial Group Ltd. increased its stake in shares of PayPal by 4.9% during the first quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider's stock valued at $370,000 after acquiring an additional 150 shares during the period. Donaldson Capital Management LLC increased its stake in shares of PayPal by 5.3% during the first quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider's stock valued at $358,000 after acquiring an additional 155 shares during the period. Finally, Hartford Financial Management Inc. increased its stake in shares of PayPal by 18.8% during the fourth quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider's stock valued at $63,000 after acquiring an additional 163 shares during the period. 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.