PayPal (NASDAQ:PYPL) Shares Up 0.2%

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) were up 0.2% during trading on Tuesday . The stock traded as high as $63.83 and last traded at $63.64. Approximately 2,356,135 shares were traded during trading, a decline of 86% from the average daily volume of 16,738,568 shares. The stock had previously closed at $63.51.

Analysts Set New Price Targets

Several analysts recently commented on PYPL shares. DZ Bank lowered shares of PayPal from a "buy" rating to a "hold" rating and set a $60.00 target price for the company. in a research note on Friday, February 9th. Mizuho reduced their price target on shares of PayPal from $65.00 to $60.00 and set a "neutral" rating for the company in a research report on Thursday, February 8th. Citigroup reduced their price target on shares of PayPal from $76.00 to $73.00 and set a "buy" rating for the company in a research report on Thursday, February 8th. JMP Securities restated a "market outperform" rating and issued a $68.00 price target on shares of PayPal in a research report on Thursday, February 8th. Finally, Argus downgraded shares of PayPal from a "buy" rating to a "hold" rating in a research report on Friday, February 9th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, PayPal has a consensus rating of "Hold" and a consensus target price of $70.47.

PayPal Stock Down 0.1 %

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 company has a market capitalization of $66.77 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 1.47 and a beta of 1.45. The firm's 50-day simple moving average is $62.16 and its 200-day simple moving average is $59.83.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. The company had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business's quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the business posted $1.01 EPS. Sell-side analysts forecast that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.

Insider Transactions at PayPal

In other 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 transaction of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares of the company's stock, valued at approximately $1,420,795.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

Hedge Funds Weigh In On PayPal

A number of hedge funds and other institutional investors have recently made changes to their positions in PYPL. VitalStone Financial LLC lifted its holdings in PayPal by 4,514.3% during the 1st quarter. VitalStone Financial LLC now owns 323 shares of the credit services provider's stock valued at $75,000 after purchasing an additional 316 shares during the last quarter. SkyView Investment Advisors LLC lifted its holdings in PayPal by 146.5% during the 2nd quarter. SkyView Investment Advisors LLC now owns 382 shares of the credit services provider's stock valued at $73,000 after purchasing an additional 227 shares during the last quarter. PCA Investment Advisory Services Inc. bought a new position in PayPal during the 2nd quarter valued at about $27,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in PayPal during the 4th quarter valued at about $25,000. Finally, American National Bank bought a new position in PayPal during the 1st quarter valued at about $27,000. 68.32% of the stock is owned by 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.