PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s share price shot up 2.5% on Monday . The stock traded as high as $68.77 and last traded at $68.95. 2,883,237 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 11,227,404 shares. The stock had previously closed at $67.24.
Analysts Set New Price Targets
Several research analysts have commented on PYPL shares. Needham & Company LLC reaffirmed a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. BTIG Research reiterated a "neutral" rating on shares of PayPal in a research report on Tuesday, February 4th. Robert W. Baird upped their price target on shares of PayPal from $78.00 to $79.00 and gave the company an "outperform" rating in a research report on Wednesday, April 30th. Canaccord Genuity Group reissued a "buy" rating and issued a $96.00 price objective on shares of PayPal in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company lowered their target price on PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $83.77.
View Our Latest Report on PYPL
PayPal Stock Up 2.3 %
The stock has a 50-day moving average of $65.75 and a 200-day moving average of $78.08. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market cap of $66.91 billion, a PE ratio of 17.16, a P/E/G ratio of 1.27 and a beta of 1.51.
PayPal (NASDAQ:PYPL - Get Free Report) last released 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. 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 quarter in the prior year, the firm earned $1.08 earnings per share. The firm's revenue was up 1.2% on a year-over-year basis. Sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company's stock.
Institutional Investors Weigh In On PayPal
Large investors have recently made changes to their positions in the company. Mpwm Advisory Solutions LLC bought a new stake in PayPal during the fourth quarter valued at about $25,000. Rosenberg Matthew Hamilton grew its stake in shares of 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 during the period. Hurley Capital LLC purchased a new stake in PayPal in the 4th quarter worth approximately $27,000. Garde Capital Inc. bought a new stake in PayPal during the 1st quarter worth approximately $28,000. Finally, Tsfg LLC lifted its holdings in PayPal by 81.6% during the first quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 200 shares in the last quarter. 68.32% of the stock is currently owned by institutional investors.
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.
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