PayPal (NASDAQ:PYPL) Trading Up 0.5%

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shot up 0.5% during mid-day trading on Monday . The stock traded as high as $63.43 and last traded at $63.32. 3,175,952 shares changed hands during trading, a decline of 79% from the average session volume of 15,190,382 shares. The stock had previously closed at $62.99.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PYPL. TD Cowen upped their target price on shares of PayPal from $58.00 to $68.00 and gave the company a "hold" rating in a research report on Wednesday, May 1st. Canaccord Genuity Group reduced their price objective on shares of PayPal from $100.00 to $80.00 and set a "buy" rating on the stock in a research report on Thursday, February 8th. Sanford C. Bernstein increased their price objective on shares of PayPal from $66.00 to $68.00 and gave the stock a "market perform" rating in a research report on Thursday, April 18th. Daiwa Capital Markets lowered shares of PayPal from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $64.00 to $62.00 in a research report on Tuesday, February 13th. Finally, StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a research report on Thursday. Twenty-one investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $73.59.

PayPal Trading Up 0.7 %

The company has a market capitalization of $66.38 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 1.03 and a beta of 1.43. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The company's 50 day simple moving average is $64.54 and its two-hundred day simple moving average is $61.90.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. PayPal's revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business earned $0.86 earnings per share. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 4.13 earnings per share for the current fiscal year.

Insider Buying and Selling at PayPal

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the firm's stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the sale, the director now directly owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PYPL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of PayPal in the fourth quarter worth $25,000. Pittenger & Anderson Inc. raised its holdings in shares of PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider's stock worth $26,000 after buying an additional 172 shares during the last quarter. American National Bank purchased a new position in shares of PayPal in the first quarter worth $27,000. Private Wealth Management Group LLC purchased a new position in shares of PayPal in the fourth quarter worth $29,000. Finally, Register Financial Advisors LLC purchased a new position in shares of PayPal in the first quarter worth $30,000. 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.