PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s share price was down 0.4% on Thursday . The company traded as low as $71.28 and last traded at $71.39. Approximately 1,768,131 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 11,225,666 shares. The stock had previously closed at $71.65.
Analyst Ratings Changes
A number of research analysts have weighed in on PYPL shares. Morgan Stanley lifted their target price on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Barclays dropped their price objective on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Keefe, Bruyette & Woods dropped their price target on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday, March 31st. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, Arete Research set a $81.00 price objective on shares of PayPal in a report on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, PayPal has an average rating of "Moderate Buy" and a consensus price target of $83.68.
View Our Latest Research Report on PayPal
PayPal Stock Performance
The stock has a market cap of $69.45 billion, a P/E ratio of 17.81, a PEG ratio of 1.27 and a beta of 1.51. The company has a fifty day moving average of $66.23 and a 200 day moving average of $77.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.
PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share 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 company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same quarter in the prior year, the company earned $1.08 EPS. The firm's quarterly revenue was up 1.2% on a year-over-year basis. On average, equities analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred on 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 represents a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.14% of the company's stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new stake in PayPal during the 4th quarter worth about $25,000. Hurley Capital LLC bought a new stake in shares of PayPal during the 4th quarter valued at approximately $27,000. Evermay Wealth Management LLC grew its position 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 valued at $27,000 after buying an additional 363 shares during the last quarter. Garde Capital Inc. bought a new position in PayPal during the first quarter worth $28,000. Finally, Tsfg LLC lifted its stake in shares of PayPal by 81.6% in the first quarter. Tsfg LLC now owns 445 shares of the credit services provider's stock valued at $29,000 after buying an additional 200 shares in the last quarter. 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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