PayPal (NASDAQ:PYPL) Stock Price Up 1%

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s share price rose 1% during trading on Tuesday . The company traded as high as $64.83 and last traded at $64.61. Approximately 1,908,310 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 15,942,369 shares. The stock had previously closed at $63.95.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group upped their price objective on PayPal from $63.00 to $71.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 1st. TD Cowen increased their target price on shares of PayPal from $58.00 to $68.00 and gave the company a "hold" rating in a research note on Wednesday, May 1st. Wells Fargo & Company increased their target price on PayPal from $60.00 to $65.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 1st. Daiwa Capital Markets downgraded PayPal from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $64.00 to $62.00 in a research report on Tuesday, February 13th. Finally, Argus lowered shares of PayPal from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. Twenty-two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $72.73.

PayPal Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a fifty day simple moving average of $64.21 and a two-hundred day simple moving average of $61.03. The firm has a market cap of $67.55 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 1.13 and a beta of 1.41.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm had revenue of $7.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same quarter last year, the business earned $0.86 EPS. The business's revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that PayPal Holdings, Inc. will post 4.13 EPS for the current year.

Insider Activity at PayPal

In other PayPal 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 in the company, valued at $1,420,795.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Institutional Trading of PayPal

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hartford Financial Management Inc. increased its stake in PayPal by 18.8% during the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider's stock worth $63,000 after buying an additional 163 shares during the period. Pine Haven Investment Counsel Inc raised its holdings in shares of 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 worth $289,000 after purchasing an additional 170 shares during the period. Pittenger & Anderson Inc. boosted its stake in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 172 shares during the period. Brooks Moore & Associates Inc. increased its position in PayPal by 1.3% in the third quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider's stock worth $841,000 after buying an additional 180 shares during the period. Finally, Waldron Private Wealth LLC lifted its position 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 valued at $590,000 after purchasing an additional 182 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

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.