PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shares rose 1.6% during trading on Thursday . The company traded as high as $70.19 and last traded at $69.82. Approximately 2,800,977 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 11,210,937 shares. The stock had previously closed at $68.69.
Analysts Set New Price Targets
PYPL has been the subject of several recent analyst reports. Needham & Company LLC restated a "hold" rating on shares of PayPal in a research note on Wednesday, April 30th. JPMorgan Chase & Co. restated 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 report on Wednesday, April 30th. Compass Point initiated coverage on shares of PayPal in a research report on Wednesday, April 23rd. They issued a "sell" rating and a $56.00 price target for the company. Finally, Piper Sandler decreased their price objective on shares of PayPal from $76.00 to $70.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $83.68.
View Our Latest Report on PYPL
PayPal Stock 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 stock's 50 day moving average is $65.65 and its 200 day moving average is $77.72. The stock has a market capitalization of $68.33 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.27 and a beta of 1.51.
PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $7.79 billion during the quarter, compared to the consensus estimate of $7.84 billion. During the same period in the previous year, the firm posted $1.08 EPS. The company's quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.
Insider Activity at PayPal
In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now directly owns 29,734 shares of the company's stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company's stock.
Institutional Trading of PayPal
Hedge funds have recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new position in PayPal in the fourth quarter valued at $25,000. Rosenberg Matthew Hamilton boosted its position in shares of 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 last quarter. Hurley Capital LLC purchased a new stake in PayPal in the fourth quarter valued at approximately $27,000. Evermay Wealth Management LLC increased its position in PayPal by 726.0% during the first quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider's stock worth $27,000 after purchasing an additional 363 shares during the last quarter. Finally, Garde Capital Inc. purchased a new position in PayPal during the first quarter worth approximately $28,000. Institutional investors and hedge funds 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.
Further Reading
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