PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) was down 1.4% during trading on Wednesday . The company traded as low as $65.05 and last traded at $66.09. Approximately 2,301,591 shares changed hands during trading, a decline of 87% from the average daily volume of 17,153,695 shares. The stock had previously closed at $67.00.
Analyst Ratings Changes
A number of research analysts have recently commented on PYPL shares. Mizuho dropped their price objective 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. DZ Bank downgraded shares of PayPal from a "buy" rating to a "hold" rating and set a $60.00 price objective for the company. in a research note on Friday, February 9th. Oppenheimer reaffirmed a "market perform" rating on shares of PayPal in a research note on Thursday, January 25th. Morgan Stanley reaffirmed an "equal weight" rating and set a $66.00 price objective (down previously from $118.00) on shares of PayPal in a research note on Tuesday, January 9th. Finally, UBS Group upped their price objective on shares of PayPal from $56.00 to $63.00 and gave the company a "neutral" rating in a research note on Friday, March 1st. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $70.47.
Check Out Our Latest Report on PYPL
PayPal Stock Performance
The company has a market capitalization of $70.61 billion, a PE ratio of 17.16, a PEG ratio of 1.50 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 company has a 50 day moving average price of $62.00 and a 200 day moving average price of $59.68.
PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS 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 analysts' expectations of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The business's revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. Equities analysts forecast that PayPal Holdings, Inc. will post 3.95 EPS for the current year.
Insider Buying and Selling 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 $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.
Institutional Trading of PayPal
Institutional investors have recently added to or reduced their stakes in the business. Vestcor Inc boosted its holdings in shares of PayPal by 0.5% during the fourth quarter. Vestcor Inc now owns 26,063 shares of the credit services provider's stock valued at $1,856,000 after acquiring an additional 140 shares during the period. Silvercrest Asset Management Group LLC boosted its holdings in shares of PayPal by 1.0% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 15,056 shares of the credit services provider's stock valued at $1,072,000 after acquiring an additional 143 shares during the period. Oxford Financial Group Ltd. boosted its holdings in shares of PayPal by 4.9% during the first quarter. Oxford Financial Group Ltd. now owns 3,196 shares of the credit services provider's stock valued at $370,000 after acquiring an additional 150 shares during the period. Donaldson Capital Management LLC boosted its holdings in shares of PayPal by 5.3% during the first quarter. Donaldson Capital Management LLC now owns 3,095 shares of the credit services provider's stock valued at $358,000 after acquiring an additional 155 shares during the period. Finally, Hartford Financial Management Inc. boosted its holdings 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 period. Institutional investors own 68.32% of the company's stock.
About PayPal
(
Get Free Report)
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.
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