PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s share price traded down 1.5% during mid-day trading on Wednesday . The company traded as low as $63.57 and last traded at $63.60. 2,755,170 shares were traded during trading, a decline of 83% from the average session volume of 15,860,771 shares. The stock had previously closed at $64.58.
Analyst Upgrades and Downgrades
PYPL has been the subject of several recent research reports. JMP Securities upped their price objective on PayPal from $70.00 to $82.00 and gave the stock a "market outperform" rating in a research report on Wednesday, May 1st. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research report on Monday. Oppenheimer reaffirmed a "market perform" rating on shares of PayPal in a research note on Thursday, January 25th. Royal Bank of Canada boosted their price target on shares of PayPal from $74.00 to $84.00 and gave the stock an "outperform" rating in a report on Wednesday, May 1st. Finally, DZ Bank cut 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. Twenty-two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, PayPal has an average rating of "Hold" and an average target price of $72.73.
Get Our Latest Stock Report on PayPal
PayPal Stock Down 1.1 %
The business's 50 day moving average is $64.34 and its 200-day moving average is $61.13. 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 company has a market cap of $66.84 billion, a PE ratio of 16.02, a P/E/G ratio of 1.15 and a beta of 1.41.
PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly 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). The business had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company's revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 4.13 EPS 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 dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by company insiders.
Institutional Investors Weigh In On PayPal
A number of institutional investors and hedge funds have recently bought and sold shares of PYPL. Pittenger & Anderson Inc. increased its holdings in shares of PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider's stock worth $26,000 after buying an additional 172 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in PayPal during the 4th quarter valued at about $25,000. American National Bank bought a new position in shares of PayPal during the first quarter valued at $27,000. Sutton Wealth Advisors Inc. raised its stake in PayPal by 115.0% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider's stock valued at $26,000 after buying an additional 237 shares during the last quarter. Finally, Register Financial Advisors LLC purchased a new stake in PayPal during the first quarter valued at approximately $30,000. 68.32% of the stock is owned by hedge funds and other institutional investors.
About PayPal
(
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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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