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.
PayPal Stock Up 0.6 %
PYPL Stock opened at $102.08 on Wednesday. PayPal has a fifty-two week low of $67.58 and a fifty-two week high of $296.70. 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 business has a 50-day moving average of $80.67 and a 200-day moving average of $94.53. The stock has a market capitalization of $118.05 billion, a P/E ratio of 58.67, a P/E/G ratio of 2.33 and a beta of 1.49.
Wall Street Analyst Weigh In
PYPL has been the topic of several recent analyst reports. Credit Suisse Group boosted their target price on shares of PayPal from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Wednesday, August 3rd. Citigroup lifted their target price on shares of PayPal to $122.00 in a research note on Tuesday, August 9th. Keefe, Bruyette & Woods dropped their price target on PayPal from $108.00 to $98.00 in a report on Monday, July 11th. UBS Group cut their price objective on PayPal from $143.00 to $136.00 and set a "buy" rating for the company in a research report on Wednesday, August 3rd. Finally, Morgan Stanley raised their target price on PayPal from $129.00 to $134.00 and gave the company an "overweight" rating in a research note on Wednesday, August 3rd. Fifteen research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat.com, PayPal presently has an average rating of "Moderate Buy" and an average target price of $138.84.
Insider Activity
In related news, EVP Peggy Alford sold 21,791 shares of the stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $97.82, for a total transaction of $2,131,595.62. Following the completion of the transaction, the executive vice president now owns 18,100 shares in the company, valued at $1,770,542. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.