PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company's payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.
Analyst Upgrades and Downgrades
PYPL has been the subject of several research analyst reports. StockNews.com cut shares of PayPal from a "hold" rating to a "sell" rating in a research note on Saturday, June 4th. Barclays raised their price objective on PayPal from $125.00 to $131.00 and gave the company an "overweight" rating in a research report on Thursday, August 4th. Wells Fargo & Company increased their price target on PayPal from $97.00 to $123.00 and gave the company an "overweight" rating in a research note on Wednesday, August 3rd. Morgan Stanley raised their price target on PayPal from $129.00 to $134.00 and gave the company an "overweight" rating in a report on Wednesday, August 3rd. Finally, Credit Suisse Group upped their price objective on PayPal from $95.00 to $110.00 and gave the stock an "outperform" rating in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $139.38.
PayPal Stock Up 2.0 %
NASDAQ:PYPL traded up $1.99 on Friday, hitting $101.10. The stock had a trading volume of 12,320,895 shares, compared to its average volume of 17,328,624. PayPal has a 52-week low of $67.58 and a 52-week high of $296.70. The business's fifty day moving average price is $80.37 and its 200 day moving average price is $95.41. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 1.23. The stock has a market cap of $116.92 billion, a price-to-earnings ratio of 58.10, a price-to-earnings-growth ratio of 2.32 and a beta of 1.49.
Insider Buying and Selling
In other PayPal news, EVP Peggy Alford sold 21,791 shares of the firm's stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $97.82, for a total value of $2,131,595.62. Following the completion of the sale, the executive vice president now owns 18,100 shares of the company's stock, valued at $1,770,542. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.