Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) traded up 2.2% on Wednesday . The company traded as high as $72.63 and last traded at $72.90. 1,754,618 shares were traded during trading, a decline of 84% from the average session volume of 11,140,555 shares. The stock had previously closed at $71.33.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. Wells Fargo & Company dropped their price target on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. Robert W. Baird increased their price target on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Wednesday, April 30th. Finally, Arete Research set a $81.00 price target on shares of PayPal in a research note on Thursday, March 27th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, PayPal presently has a consensus rating of "Hold" and a consensus price target of $83.29.
Read Our Latest Stock Report on PYPL
PayPal Stock Performance
The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $71.41 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 1.27 and a beta of 1.45. The company has a fifty day moving average price of $66.84 and a two-hundred day moving average price of $76.25.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 earnings per share. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.
Insider Activity
In related news, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.00, for a total transaction of $277,035.00. Following the completion of the sale, the director now owns 13,976 shares in the company, valued at $1,020,248. This represents a 21.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by insiders.
Institutional Trading of PayPal
Hedge funds have recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal during the 4th quarter worth approximately $25,000. Hurley Capital LLC bought a new position in shares of PayPal during the 4th quarter worth approximately $27,000. Evermay Wealth Management LLC lifted its position in shares of PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after buying an additional 363 shares during the period. Garde Capital Inc. bought a new position in shares of PayPal during the 1st quarter worth approximately $28,000. Finally, Tsfg LLC lifted its position in shares of PayPal by 81.6% during the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock worth $29,000 after buying an additional 200 shares during the period. Institutional investors 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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