PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s share price traded down 0.2% during trading on Tuesday after Citigroup lowered their price target on the stock from $98.00 to $95.00. Citigroup currently has a buy rating on the stock. PayPal traded as low as $67.80 and last traded at $68.41. 2,158,452 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 11,226,406 shares. The stock had previously closed at $68.54.
Several other equities analysts have also commented on PYPL. JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Canaccord Genuity Group restated a "buy" rating and issued a $96.00 target price on shares of PayPal in a research note on Wednesday, April 30th. Bank of America dropped their price target on shares of PayPal from $103.00 to $93.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Compass Point began coverage on PayPal in a research note on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price objective for the company. Finally, Seaport Res Ptn lowered shares of PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. Two 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $83.68.
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Insider Buying and Selling
In other 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 transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of PYPL. Mpwm Advisory Solutions LLC purchased a new position in shares of PayPal in the 4th quarter worth about $25,000. Rosenberg Matthew Hamilton raised its position in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after acquiring an additional 125 shares during the period. Hurley Capital LLC purchased a new position in PayPal in the fourth quarter valued at about $27,000. Garde Capital Inc. bought a new position in shares of PayPal during the 1st quarter valued at approximately $28,000. Finally, Tsfg LLC increased its stake 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 purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.
PayPal Price Performance
The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The business's fifty day moving average is $65.68 and its 200 day moving average is $78.00. The company has a market cap of $66.31 billion, a P/E ratio of 17.00, a PEG ratio of 1.27 and a beta of 1.51.
PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data 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. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The company's revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.
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.
Further Reading
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