PayPal (NASDAQ:PYPL) Shares Up 0.7% - Here's Why

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) was up 0.7% during trading on Wednesday . The stock traded as high as $73.14 and last traded at $73.15. Approximately 1,988,693 shares were traded during trading, a decline of 82% from the average daily volume of 11,221,222 shares. The stock had previously closed at $72.61.

Wall Street Analyst Weigh In

Several research analysts recently commented on PYPL shares. Monness Crespi & Hardt reduced their price target on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. restated an "overweight" rating on shares of PayPal in a research note on Tuesday, February 4th. Royal Bank of Canada dropped their price objective on PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Finally, Needham & Company LLC restated a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Two 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $83.68.

PayPal Stock Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a 50 day moving average price of $66.28 and a 200 day moving average price of $77.13. The company has a market capitalization of $67.93 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 1.27 and a beta of 1.51.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly 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. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter in the previous year, the business earned $1.08 EPS. The company's quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction dated 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 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mpwm Advisory Solutions LLC bought a new position in PayPal during the 4th quarter valued at approximately $25,000. Hurley Capital LLC purchased a new stake in PayPal during the 4th quarter valued at $27,000. Evermay Wealth Management LLC boosted its stake in PayPal by 726.0% during 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 last quarter. Garde Capital Inc. purchased a new stake in PayPal during the 1st quarter valued at $28,000. Finally, Tsfg LLC boosted its stake in PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 68.32% of the company's stock.

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.