PayPal (NASDAQ:PYPL) Trading Up 0.4% - Time to Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price traded up 0.4% during mid-day trading on Wednesday . The stock traded as high as $68.73 and last traded at $68.32. 2,077,649 shares changed hands during trading, a decline of 81% from the average session volume of 11,212,174 shares. The stock had previously closed at $68.05.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PYPL shares. Evercore ISI initiated coverage on shares of PayPal in a report on Wednesday, April 9th. They issued an "in-line" rating and a $65.00 target price on the stock. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price on the stock in a research report on Friday, February 28th. Needham & Company LLC restated a "hold" rating on shares of PayPal in a report on Wednesday, April 30th. Barclays lowered their price target on PayPal from $110.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Monness Crespi & Hardt reduced their price objective on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $83.68.

PayPal Trading Up 0.3 %

The company's fifty day moving average price is $65.63 and its two-hundred day moving average price is $77.93. The firm has a market cap of $66.39 billion, a PE ratio of 16.98, a P/E/G ratio of 1.27 and a beta of 1.51. 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 released its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.17. The business had revenue of $7.79 billion for the quarter, compared to analyst estimates of $7.84 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company's revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.08 EPS. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated 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 in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. 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 Trading of PayPal

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in PayPal by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock worth $1,849,884,000 after purchasing an additional 271,836 shares during the last quarter. FMR LLC increased its stake in PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after purchasing an additional 2,161,582 shares in the last quarter. Capital Research Global Investors raised its position in PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after buying an additional 9,313,783 shares during the last quarter. Norges Bank acquired a new position in PayPal during the fourth quarter valued at approximately $1,086,508,000. Finally, Northern Trust Corp increased its position in PayPal by 19.0% during the fourth quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock worth $892,953,000 after buying an additional 1,669,908 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

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.

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