PayPal (NASDAQ:PYPL) Trading Up 2.5% - Still a Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price traded up 2.5% during mid-day trading on Tuesday . The stock traded as high as $71.84 and last traded at $71.61. 2,311,579 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 11,197,096 shares. The stock had previously closed at $69.85.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Macquarie dropped their price objective on PayPal from $117.00 to $95.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Wells Fargo & Company dropped their price objective on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Compass Point initiated coverage on PayPal in a research report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 target price on the stock. BMO Capital Markets cut their price target on PayPal from $83.00 to $79.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Finally, Royal Bank of Canada reduced their price target on PayPal from $104.00 to $88.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, PayPal has an average rating of "Moderate Buy" and an average price target of $83.68.

PayPal Price Performance

The company has a market cap of $68.12 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. 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 stock has a 50 day moving average of $66.34 and a 200-day moving average of $76.82.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.16 by $0.17. The company had revenue of $7.79 billion during 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 firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. Equities analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Hedge Funds Weigh In On PayPal

A number of institutional investors have recently modified their holdings of the stock. JFS Wealth Advisors LLC raised its stake in shares of PayPal by 33.2% during the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock valued at $43,000 after buying an additional 125 shares during the last quarter. Avalon Trust Co raised its stake in shares of PayPal by 7.0% during the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock valued at $176,000 after buying an additional 135 shares during the last quarter. Security National Bank of SO Dak raised its stake in shares of PayPal by 1.1% during the 4th quarter. Security National Bank of SO Dak now owns 12,191 shares of the credit services provider's stock valued at $1,041,000 after buying an additional 137 shares during the last quarter. Gordian Capital Singapore Pte Ltd raised its stake in shares of PayPal by 41.2% during the 1st quarter. Gordian Capital Singapore Pte Ltd now owns 473 shares of the credit services provider's stock valued at $31,000 after buying an additional 138 shares during the last quarter. Finally, Stegent Equity Advisors Inc. raised its stake in shares of PayPal by 3.2% during the 4th quarter. Stegent Equity Advisors Inc. now owns 4,546 shares of the credit services provider's stock valued at $388,000 after buying an additional 142 shares during the last quarter. Hedge funds and other institutional investors 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.