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 Trading Down 1.7 %
Shares of PYPL Stock traded down $1.66 during trading on Friday, hitting $95.32. 12,281,468 shares of the stock traded hands, compared to its average volume of 16,281,130. The firm has a market capitalization of $110.24 billion, a P/E ratio of 54.78, a price-to-earnings-growth ratio of 2.40 and a beta of 1.49. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.23 and a quick ratio of 1.19. The firm's fifty day moving average price is $79.13 and its 200-day moving average price is $97.68. PayPal has a 52-week low of $67.58 and a 52-week high of $296.70.
Analysts Set New Price Targets
PYPL has been the subject of several analyst reports. Sumitomo Mitsui Financial Group upgraded PayPal from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $90.00 to $100.00 in a report on Wednesday. UBS Group decreased their price objective on PayPal from $143.00 to $136.00 and set a "buy" rating for the company in a report on Wednesday. Keefe, Bruyette & Woods decreased their price objective on PayPal from $108.00 to $98.00 in a report on Monday, July 11th. Wolfe Research lowered PayPal from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, July 20th. Finally, Wedbush reduced their target price on PayPal from $170.00 to $110.00 in a research note on Thursday, April 28th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $139.43.
Insider Activity
In other news, EVP Peggy Alford sold 21,791 shares of PayPal stock in a transaction that occurred 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 sale, the executive vice president now owns 18,100 shares of the company's stock, valued at approximately $1,770,542. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company's stock.