PayPal (NASDAQ:PYPL) Stock Price Up 0.3% - Here's Why

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price rose 0.3% during mid-day trading on Monday . The company traded as high as $72.30 and last traded at $72.39. Approximately 1,960,188 shares changed hands during trading, a decline of 83% from the average daily volume of 11,228,904 shares. The stock had previously closed at $72.18.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PYPL. Needham & Company LLC reiterated a "hold" rating on shares of PayPal in a research report on Wednesday, April 30th. Seaport Res Ptn cut shares of PayPal from a "hold" rating to a "strong sell" rating in a report on Thursday, April 17th. Evercore ISI assumed coverage on shares of PayPal in a research report on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price objective on the stock. Citigroup dropped their target price on shares of PayPal from $98.00 to $95.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Finally, 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. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $83.68.

PayPal Trading Up 0.3%

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $70.86 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The stock has a 50-day simple moving average of $66.17 and a two-hundred day simple moving average of $77.31.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. During the same period last year, the business posted $1.08 EPS. The company's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company's stock.

Hedge Funds Weigh In On PayPal

Several institutional investors have recently bought and sold shares of the stock. McAdam LLC bought a new stake in PayPal in the 1st quarter worth approximately $227,000. Integrity Alliance LLC. bought a new stake in shares of PayPal during the 1st quarter worth approximately $1,704,000. Glenview Trust co boosted its position in PayPal by 16.3% in the 1st quarter. Glenview Trust co now owns 202,409 shares of the credit services provider's stock valued at $13,207,000 after buying an additional 28,432 shares during the period. Security National Bank of Sioux City Iowa IA raised its holdings in shares of PayPal by 10.6% in the first quarter. Security National Bank of Sioux City Iowa IA now owns 19,602 shares of the credit services provider's stock valued at $1,279,000 after acquiring an additional 1,883 shares in the last quarter. Finally, Bayforest Capital Ltd increased its holdings in shares of PayPal by 194.3% in the 1st quarter. Bayforest Capital Ltd now owns 4,823 shares of the credit services provider's stock valued at $315,000 after acquiring an additional 3,184 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

About PayPal

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.