PayPal (NASDAQ:PYPL) Trading 0.8% Higher

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) was up 0.8% on Thursday . The stock traded as high as $64.43 and last traded at $64.39. Approximately 2,077,026 shares changed hands during trading, a decline of 87% from the average daily volume of 15,804,745 shares. The stock had previously closed at $63.90.

Analysts Set New Price Targets

PYPL has been the topic of several recent research reports. Argus cut shares of PayPal from a "buy" rating to a "hold" rating in a research note on Friday, February 9th. Wedbush restated an "outperform" rating and issued a $85.00 price objective on shares of PayPal in a research report on Thursday, February 8th. BMO Capital Markets lifted their price objective on PayPal from $64.00 to $65.00 and gave the company a "market perform" rating in a report on Wednesday, May 1st. Sanford C. Bernstein increased their target price on PayPal from $66.00 to $68.00 and gave the stock a "market perform" rating in a research note on Thursday, April 18th. Finally, Evercore ISI lifted their price target on PayPal from $60.00 to $65.00 and gave the company an "in-line" rating in a research note on Wednesday, May 1st. Twenty-two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, PayPal presently has an average rating of "Hold" and a consensus price target of $72.73.

PayPal Price Performance

The stock has a market capitalization of $67.05 billion, a PE ratio of 16.15, a PEG ratio of 1.15 and a beta of 1.41. The company's 50 day simple moving average is $64.45 and its 200 day simple moving average is $61.15. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS 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 business had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 4.13 earnings per share for the current year.

Insider Transactions at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the company'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 completion of the transaction, the senior vice president now owns 23,430 shares of the company's stock, valued at $1,420,795.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.14% of the company's stock.

Institutional Trading of PayPal

Institutional investors have recently made changes to their positions in the stock. Morgan Stanley increased its stake in PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider's stock worth $1,173,254,000 after acquiring an additional 873,181 shares during the last quarter. Norges Bank purchased a new position in PayPal in the fourth quarter valued at approximately $749,561,000. Northern Trust Corp lifted its position in PayPal by 0.7% during the third quarter. Northern Trust Corp now owns 11,767,054 shares of the credit services provider's stock valued at $687,902,000 after buying an additional 78,105 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in PayPal by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider's stock valued at $428,449,000 after buying an additional 265,116 shares in the last quarter. Finally, FMR LLC lifted its position in PayPal by 29.5% during the third quarter. FMR LLC now owns 6,916,982 shares of the credit services provider's stock valued at $404,367,000 after buying an additional 1,575,930 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other 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.