PayPal (NASDAQ:PYPL) Stock Price Up 2.4% - What's Next?

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

Analyst Ratings Changes

PYPL has been the subject of a number of research analyst reports. Barclays cut their price objective on shares of PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Seaport Res Ptn lowered shares of PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $96.00 price objective on shares of PayPal in a report on Wednesday, April 30th. Compass Point started coverage on shares of PayPal in a report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 price objective for the company. Finally, DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a report on Friday, February 28th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, PayPal has a consensus rating of "Hold" and a consensus price target of $83.29.

PayPal Price Performance

The firm has a market cap of $68.28 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.13 and a beta of 1.45. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average price of $68.83 and a two-hundred day moving average price of $75.36.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its 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. 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 24.59% and a net margin of 14.26%. PayPal's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.08 earnings per share. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Activity at PayPal

In other news, EVP Diego Scotti sold 3,839 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the transaction, the executive vice president now owns 16,989 shares in the company, valued at $1,244,274.36. This trade represents a 18.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Deborah M. Messemer sold 3,795 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the transaction, the director now owns 13,976 shares in the company, valued at $1,020,248. This trade represents a 21.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,796 shares of company stock worth $863,028 over the last quarter. Insiders own 0.08% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PYPL. Mpwm Advisory Solutions LLC acquired a new position in PayPal in the 4th quarter valued at $25,000. Hurley Capital LLC acquired a new stake in shares of PayPal in the 4th quarter worth $27,000. Bernard Wealth Management Corp. acquired a new stake in shares of PayPal in the 4th quarter worth $34,000. Pinney & Scofield Inc. acquired a new stake in shares of PayPal in the 4th quarter worth $35,000. Finally, 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 worth $27,000 after acquiring an additional 363 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

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.

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