PayPal (NASDAQ:PYPL) Stock Price Up 0.5%

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price shot up 0.5% during trading on Monday . The company traded as high as $63.40 and last traded at $62.65. 2,372,463 shares were traded during mid-day trading, a decline of 86% from the average session volume of 16,392,545 shares. The stock had previously closed at $62.31.

Analyst Ratings Changes

A number of research firms have recently commented on PYPL. Morgan Stanley reissued an "equal weight" rating and issued a $66.00 price target (down previously from $118.00) on shares of PayPal in a research report on Tuesday, January 9th. JMP Securities boosted their price target on shares of PayPal from $68.00 to $70.00 and gave the company a "market outperform" rating in a report on Wednesday, April 17th. Oppenheimer reissued a "market perform" rating on shares of PayPal in a report on Thursday, January 25th. Mizuho lowered their price target on shares of PayPal from $65.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, February 8th. Finally, Canaccord Genuity Group reduced their target price on shares of PayPal from $100.00 to $80.00 and set a "buy" rating on the stock in a research note on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $70.47.

PayPal Stock Up 1.4 %

The company has a market capitalization of $66.52 billion, a P/E ratio of 16.32, a price-to-earnings-growth ratio of 1.38 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 fifty day moving average is $62.34 and its 200-day moving average is $59.96.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the firm posted $1.01 EPS. The company's revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.04 EPS for the current year.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of the business's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, 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 at this hyperlink. Insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On PayPal

Institutional investors have recently modified their holdings of the company. Louisiana State Employees Retirement System bought a new stake in shares of PayPal in the 4th quarter valued at $9,267,000. Bartlett & Co. LLC raised its holdings in PayPal by 8.5% during the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider's stock worth $594,000 after buying an additional 740 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in PayPal by 9.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider's stock worth $53,344,000 after buying an additional 73,687 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in PayPal by 4.9% during the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider's stock worth $1,183,000 after buying an additional 942 shares during the last quarter. Finally, Bellecapital International Ltd. raised its holdings in PayPal by 2.0% during the fourth quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider's stock worth $1,332,000 after buying an additional 433 shares during the last quarter. 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.