PayPal (NASDAQ:PYPL) Stock Price Up 1.6% - What's Next?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s share price traded up 1.6% during trading on Tuesday . The company traded as high as $73.69 and last traded at $73.15. 2,471,409 shares changed hands during trading, a decline of 77% from the average session volume of 10,981,078 shares. The stock had previously closed at $72.01.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. 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. Keefe, Bruyette & Woods lowered their target price on PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, March 31st. UBS Group lowered their target price on PayPal from $88.00 to $75.00 and set a "neutral" rating for the company in a report on Wednesday, April 30th. Royal Bank Of Canada reduced their price target on PayPal from $104.00 to $88.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $83.42.

PayPal Stock Performance

The stock has a 50 day moving average of $69.17 and a two-hundred day moving average of $74.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $71.56 billion, a PE ratio of 16.46, a P/E/G ratio of 1.19 and a beta of 1.45.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion for the quarter, compared to the consensus estimate of $7.84 billion. PayPal had a return on equity of 24.59% and a net margin of 14.26%. PayPal's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.08 earnings per share. Research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity

In other news, Director Deborah M. Messemer sold 3,795 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $73.00, for a total value of $277,035.00. Following the sale, the director now directly owns 13,976 shares in the company, valued at $1,020,248. This represents a 21.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diego Scotti sold 3,839 shares of the stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total value of $281,168.36. Following the transaction, the executive vice president now owns 16,989 shares in the company, valued at $1,244,274.36. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,796 shares of company stock worth $863,028 over the last three months. 0.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PayPal

Several large investors have recently added to or reduced their stakes in PYPL. Avalon Trust Co increased its stake in PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after acquiring an additional 135 shares during the last quarter. Security National Bank of SO Dak increased its stake in PayPal by 1.1% during the fourth quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock worth $1,041,000 after acquiring an additional 137 shares during the last quarter. Gordian Capital Singapore Pte Ltd increased its stake in PayPal by 41.2% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider's stock worth $31,000 after acquiring an additional 138 shares during the last quarter. Stegent Equity Advisors Inc. increased its stake in PayPal by 3.2% during the fourth quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider's stock worth $388,000 after acquiring an additional 142 shares during the last quarter. Finally, CreativeOne Wealth LLC increased its stake in PayPal by 1.5% during the first quarter. CreativeOne Wealth LLC now owns 9,387 shares of the credit services provider's stock worth $613,000 after acquiring an additional 142 shares during the last quarter. 68.32% of the stock is currently 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.