PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s share price fell 0.5% during mid-day trading on Tuesday . The stock traded as low as $71.93 and last traded at $71.96. 2,061,220 shares were traded during trading, a decline of 82% from the average session volume of 11,749,460 shares. The stock had previously closed at $72.31.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on PYPL. Macquarie reduced their target price on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. Citigroup dropped their price target on shares of PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Royal Bank of Canada decreased their price objective on shares of PayPal from $104.00 to $88.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company decreased their price objective on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $83.68.
View Our Latest Analysis on PayPal
PayPal Stock Performance
The firm's 50 day moving average is $65.83 and its two-hundred day moving average is $77.54. The stock has a market capitalization of $70.09 billion, a PE ratio of 17.98, a P/E/G ratio of 1.27 and a beta of 1.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.
PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $7.79 billion during the quarter, compared to analysts' expectations of $7.84 billion. During the same quarter in the previous year, the business posted $1.08 EPS. The firm's revenue was up 1.2% on a year-over-year basis. As a group, research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.
Insider Activity at PayPal
In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.14% of the company's stock.
Institutional Trading of PayPal
A number of large investors have recently bought and sold shares of PYPL. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal in the 4th quarter worth $25,000. Rosenberg Matthew Hamilton lifted its stake in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after acquiring an additional 125 shares during the period. Hurley Capital LLC acquired a new stake in shares of PayPal in the 4th quarter worth $27,000. Evermay Wealth Management LLC lifted its stake in shares of PayPal by 726.0% in the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after acquiring an additional 363 shares during the period. Finally, Garde Capital Inc. acquired a new stake in shares of PayPal in the 1st quarter worth $28,000. Institutional investors and hedge funds 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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