PayPal (NASDAQ:PYPL) Trading 0.2% Higher

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price traded up 0.2% during trading on Wednesday . The company traded as high as $65.09 and last traded at $64.57. 2,314,079 shares were traded during trading, a decline of 86% from the average session volume of 16,228,467 shares. The stock had previously closed at $64.43.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several recent research reports. BMO Capital Markets cut their price target on PayPal from $65.00 to $60.00 and set a "market perform" rating for the company in a research note on Thursday, February 8th. Citigroup reduced their price objective on shares of PayPal from $76.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday, February 8th. Daiwa Capital Markets cut shares of PayPal from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $64.00 to $62.00 in a research report on Tuesday, February 13th. Morgan Stanley reissued an "equal weight" rating and issued a $66.00 price objective (down from $118.00) on shares of PayPal in a research note on Tuesday, January 9th. Finally, JPMorgan Chase & Co. cut their target price on PayPal from $75.00 to $70.00 and set an "overweight" rating for the company in a research note on Thursday, February 8th. Twenty-three 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.com, the stock currently has an average rating of "Hold" and an average target price of $70.47.

PayPal Stock Up 0.6 %

The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average of $62.65 and a 200 day moving average of $60.08. The firm has a market cap of $68.25 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.10 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.12. The company had revenue of $8.03 billion during 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%. PayPal'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 business posted $1.01 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.02 earnings per share for the current year.

Insider Activity at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the business's stock in a transaction 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 completion of the sale, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Hartford Financial Management Inc. increased its position 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 last quarter. Pine Haven Investment Counsel Inc grew its stake in PayPal by 3.7% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider's stock valued at $289,000 after acquiring an additional 170 shares in the last quarter. Brooks Moore & Associates Inc. increased its holdings in PayPal by 1.3% during the 3rd quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider's stock worth $841,000 after acquiring an additional 180 shares during the period. Waldron Private Wealth LLC lifted its stake in PayPal by 1.9% in the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider's stock worth $590,000 after purchasing an additional 182 shares in the last quarter. Finally, Indiana Trust & Investment Management CO boosted its holdings in PayPal by 18.6% in the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider's stock valued at $79,000 after purchasing an additional 184 shares during the period. Institutional investors own 68.32% of the company's stock.

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.