PayPal (NASDAQ:PYPL) Shares Up 0.7% - Time to Buy?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shot up 0.7% on Friday . The stock traded as high as $65.31 and last traded at $65.25. 2,063,100 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 11,432,269 shares. The stock had previously closed at $64.77.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of recent research reports. Morgan Stanley upped their target price on shares of PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. 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 target price on the stock. DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a report on Friday, February 28th. Barclays decreased their price objective on PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Finally, Wells Fargo & Company dropped their target price on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, PayPal currently has an average rating of "Moderate Buy" and a consensus target price of $85.69.

PayPal Stock Up 2.1 %

The firm has a fifty day simple moving average of $66.49 and a 200-day simple moving average of $78.47. The company has a market capitalization of $64.82 billion, a PE ratio of 16.54, a P/E/G ratio of 1.27 and a beta of 1.60. 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 issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 EPS. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PayPal

A number of hedge funds and other institutional investors have recently bought and sold shares of PYPL. Anchor Investment Management LLC grew its position in shares of PayPal by 9.9% during the third quarter. Anchor Investment Management LLC now owns 35,219 shares of the credit services provider's stock worth $2,748,000 after acquiring an additional 3,175 shares during the last quarter. Boyar Asset Management Inc. acquired a new position in shares of PayPal during the third quarter valued at $208,000. World Investment Advisors LLC acquired a new stake in PayPal in the third quarter worth about $5,296,000. Sfmg LLC bought a new position in PayPal in the 3rd quarter valued at about $234,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of PayPal by 196.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider's stock worth $798,000 after acquiring an additional 6,772 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Company Profile

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.