Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) were up 0.3% during mid-day trading on Friday . The company traded as high as $72.03 and last traded at $71.80. Approximately 2,445,086 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 11,215,324 shares. The stock had previously closed at $71.57.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on PYPL shares. DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research note on Friday, February 28th. UBS Group dropped their target price on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Arete Research set a $81.00 target price on shares of PayPal in a research note on Thursday, March 27th. Compass Point initiated coverage on shares of PayPal in a research report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price target on the stock. Finally, Bank of America dropped their price objective on PayPal from $103.00 to $93.00 and set a "buy" rating for the company in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $83.68.
Get Our Latest Analysis on PayPal
PayPal Stock Up 0.9%
The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $70.20 billion, a P/E ratio of 18.00, a PEG ratio of 1.27 and a beta of 1.51. The firm has a 50-day simple moving average of $65.90 and a two-hundred day simple moving average of $77.45.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. During the same period last year, the firm posted $1.08 earnings per share. The business's revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.
Insider Buying and Selling
In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is owned by insiders.
Institutional Investors Weigh In On PayPal
A number of hedge funds have recently added to or reduced their stakes in the business. Mpwm Advisory Solutions LLC purchased a new stake in PayPal in the 4th quarter valued at $25,000. Rosenberg Matthew Hamilton grew its stake in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares during the period. Hurley Capital LLC bought a new position in PayPal in the 4th quarter valued at $27,000. Evermay Wealth Management LLC grew its stake in PayPal by 726.0% in the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock valued at $27,000 after purchasing an additional 363 shares during the period. Finally, Garde Capital Inc. bought a new position in PayPal in the 1st quarter valued at $28,000. 68.32% of the stock is currently owned by institutional investors.
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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