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 Ratings Changes
A number of research firms have commented on PYPL. Piper Sandler lowered their target price on shares of PayPal from $140.00 to $93.00 and set an "overweight" rating for the company in a report on Wednesday, July 6th. Morgan Stanley lifted their target price on shares of PayPal from $129.00 to $134.00 and gave the stock an "overweight" rating in a report on Wednesday, August 3rd. Citigroup lifted their target price on shares of PayPal to $122.00 in a report on Tuesday. William Blair reaffirmed an "outperform" rating on shares of PayPal in a report on Wednesday, April 27th. Finally, Canaccord Genuity Group reduced their price target on shares of PayPal from $215.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday, April 28th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $139.38.
PayPal Stock Performance
NASDAQ:PYPL opened at $94.48 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $109.26 billion, a P/E ratio of 54.30, a P/E/G ratio of 2.22 and a beta of 1.49. PayPal has a 12-month low of $67.58 and a 12-month high of $296.70. The firm has a 50-day moving average price of $79.54 and a two-hundred day moving average price of $96.66.
Insider Buying and Selling at PayPal
In other news, EVP Peggy Alford sold 21,791 shares of the company's 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 completion of the sale, the executive vice president now owns 18,100 shares of the company's stock, valued at approximately $1,770,542. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.