Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) traded up 3.5% during mid-day trading on Wednesday . The stock traded as high as $64.57 and last traded at $63.54. 3,485,946 shares changed hands during trading, a decline of 69% from the average session volume of 11,428,355 shares. The stock had previously closed at $61.42.
Analyst Ratings Changes
PYPL has been the subject of several recent research reports. JPMorgan Chase & Co. reissued an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. 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. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective for the company in a research note on Friday, February 28th. Piper Sandler dropped their price objective on PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Finally, Robert W. Baird cut their price target on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, sixteen 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $85.88.
View Our Latest Stock Analysis on PayPal
PayPal Stock Up 0.9 %
The firm has a market capitalization of $64.64 billion, a P/E ratio of 16.29, a P/E/G ratio of 1.27 and a beta of 1.60. The company has a fifty day simple moving average of $66.76 and a 200 day simple moving average of $78.59. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. During the same quarter in the previous year, the business posted $1.48 EPS. PayPal's revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.
Insider Transactions at PayPal
In related news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company's stock.
Institutional Investors Weigh In On PayPal
Hedge funds and other institutional investors have recently made changes to their positions in the business. Mpwm Advisory Solutions LLC purchased a new stake in PayPal during the fourth quarter valued at approximately $25,000. Hurley Capital LLC bought a new position in PayPal in the 4th quarter worth $27,000. Rosenberg Matthew Hamilton lifted its position in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC grew its holdings in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 272 shares during the period. Finally, Bernard Wealth Management Corp. purchased a new stake in PayPal in the fourth quarter worth about $34,000. Hedge funds and other institutional investors 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.
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