PayPal (NASDAQ:PYPL) Trading Up 2.7% - Still a Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shares shot up 2.7% during mid-day trading on Monday . The stock traded as high as $74.15 and last traded at $72.15. 4,780,369 shares changed hands during trading, a decline of 57% from the average session volume of 11,227,576 shares. The stock had previously closed at $70.26.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Seaport Res Ptn lowered shares of PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Wells Fargo & Company decreased their price target on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, Barclays reduced their price objective on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.68.

PayPal Trading Up 0.4%

The stock's fifty day moving average price is $65.79 and its 200 day moving average price is $77.57. The stock has a market cap of $70.60 billion, a PE ratio of 18.10, a PEG ratio of 1.27 and a beta of 1.51. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last posted 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 business had revenue of $7.79 billion for the quarter, compared to analysts' expectations of $7.84 billion. During the same period last year, the firm earned $1.08 earnings per share. The business's quarterly revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business's 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 sale, the director now owns 29,734 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PYPL. Park Place Capital Corp raised its stake in shares of PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock worth $161,000 after purchasing an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 125 shares in the last quarter. JFS Wealth Advisors LLC raised its position in shares of PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock worth $43,000 after purchasing an additional 125 shares during the last quarter. Wynn Capital LLC lifted its position in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock valued at $983,000 after acquiring an additional 130 shares in the last quarter. Finally, Avalon Trust Co grew its holdings in shares of PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after buying an additional 135 shares in the last quarter. 68.32% of the stock is 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.