PayPal (NASDAQ:PYPL) Trading Up 1.6%

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) rose 1.6% on Tuesday . The company traded as high as $64.40 and last traded at $64.22. Approximately 2,308,832 shares were traded during trading, a decline of 86% from the average daily volume of 16,306,054 shares. The stock had previously closed at $63.19.

Analysts Set New Price Targets

PYPL has been the subject of a number of analyst reports. JMP Securities raised their target price on shares of PayPal from $68.00 to $70.00 and gave the company a "market outperform" rating in a research note on Wednesday, April 17th. Wells Fargo & Company raised their target price on shares of PayPal from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Monday, January 29th. Susquehanna raised their target price on shares of PayPal from $61.00 to $65.00 and gave the company a "neutral" rating in a research note on Wednesday, January 24th. Mizuho decreased their target price on shares of PayPal from $65.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, February 8th. Finally, Monness Crespi & Hardt decreased their target price on shares of PayPal from $95.00 to $80.00 and set a "buy" rating for the company in a research note on Thursday, February 8th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $70.47.

PayPal Stock Performance

The business's 50-day moving average price is $62.53 and its 200-day moving average price is $60.04. 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 stock has a market cap of $67.82 billion, a P/E ratio of 16.78, a P/E/G ratio of 1.38 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.12. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The company's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 EPS. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 4.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of the company's stock in a transaction 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 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 Securities & Exchange Commission, which is available at this link. 0.13% of the stock is currently owned by insiders.

Institutional Trading of PayPal

Hedge funds have recently bought and sold shares of the stock. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in PayPal in the 4th quarter worth $25,000. Sutton Wealth Advisors Inc. lifted its stake in 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 purchasing an additional 237 shares in the last quarter. American National Bank purchased a new stake in PayPal in the 1st quarter worth $27,000. Private Wealth Management Group LLC purchased a new stake in PayPal in the 4th quarter worth $29,000. Finally, Register Financial Advisors LLC purchased a new stake in PayPal in the 1st quarter worth $30,000. 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.