PayPal (NASDAQ:PYPL) Shares Up 2.4% - Should You Buy?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) rose 2.4% during trading on Friday . The company traded as high as $70.23 and last traded at $70.18. Approximately 5,394,311 shares changed hands during trading, a decline of 51% from the average daily volume of 11,000,072 shares. The stock had previously closed at $68.57.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PYPL shares. Monness Crespi & Hardt dropped their target price on shares of PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Macquarie lowered their price objective on shares of PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. UBS Group cut their target price on shares of PayPal from $88.00 to $75.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 30th. Finally, Citigroup decreased their target price on PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PayPal currently has a consensus rating of "Hold" and a consensus price target of $83.29.

PayPal Stock Performance

The company has a market cap of $70.03 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.16 and a beta of 1.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a fifty day simple moving average of $68.98 and a 200 day simple moving average of $75.06.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. PayPal's revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $1.08 EPS. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other PayPal news, EVP Diego Scotti sold 3,839 shares of the firm's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $73.24, for a total value of $281,168.36. Following the sale, the executive vice president now directly owns 16,989 shares in the company, valued at $1,244,274.36. This trade represents a 18.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Suzan Kereere sold 4,162 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $304,824.88. Following the transaction, the insider now owns 48,483 shares in the company, valued at approximately $3,550,894.92. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,796 shares of company stock worth $863,028. Company insiders own 0.08% of the company's stock.

Institutional Investors Weigh In On PayPal

A number of institutional investors have recently added to or reduced their stakes in PYPL. Brighton Jones LLC lifted its position in PayPal by 15.2% in the fourth quarter. Brighton Jones LLC now owns 6,989 shares of the credit services provider's stock worth $596,000 after purchasing an additional 924 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of PayPal in the 4th quarter valued at $248,000. Global Retirement Partners LLC lifted its holdings in shares of PayPal by 12.4% during the 4th quarter. Global Retirement Partners LLC now owns 9,310 shares of the credit services provider's stock worth $795,000 after acquiring an additional 1,025 shares during the period. ING Groep NV acquired a new stake in shares of PayPal during the 4th quarter valued at about $592,000. Finally, Transcend Capital Advisors LLC bought a new stake in PayPal in the fourth quarter valued at about $212,000. 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.