PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shares traded up 2.2% on Wednesday . The company traded as high as $72.63 and last traded at $72.90. 1,754,618 shares changed hands during mid-day 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 equities analysts recently weighed in on PYPL shares. Evercore ISI started coverage on shares of PayPal in a research report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 target price for the company. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. BMO Capital Markets reduced their price target on shares of PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Citigroup dropped their target price on shares of PayPal from $98.00 to $95.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a report on Friday, February 28th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal presently has an average rating of "Hold" and a consensus target price of $83.29.
Check Out Our Latest Stock Analysis on PYPL
PayPal Stock Performance
The stock has a fifty day moving average price of $66.55 and a 200-day moving average price of $76.41. The firm has a market capitalization of $70.48 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 1.27 and a beta of 1.51. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $1.08 EPS. As a group, analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal in the fourth quarter valued at approximately $25,000. Hurley Capital LLC bought a new position in shares of PayPal in the 4th quarter valued at $27,000. Evermay Wealth Management LLC increased 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 valued at $27,000 after purchasing an additional 363 shares during the last quarter. Garde Capital Inc. acquired a new stake in shares of PayPal during the 1st quarter valued at $28,000. Finally, Tsfg LLC boosted its holdings in shares of 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 acquiring an additional 200 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.
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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