PayPal (NASDAQ:PYPL) Trading 0.4% Higher - Should You Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price shot up 0.4% during trading on Monday . The company traded as high as $78.44 and last traded at $77.57. 2,941,168 shares traded hands during trading, a decline of 78% from the average session volume of 13,606,513 shares. The stock had previously closed at $77.25.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PYPL. Argus raised PayPal from a "hold" rating to a "buy" rating in a research report on Wednesday, July 31st. Monness Crespi & Hardt lifted their target price on shares of PayPal from $95.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Susquehanna upped their price target on shares of PayPal from $83.00 to $94.00 and gave the company a "positive" rating in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PayPal from $74.00 to $94.00 and gave the company a "buy" rating in a research note on Monday, September 23rd. Finally, The Goldman Sachs Group raised their target price on PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $83.45.

PayPal Trading Up 1.1 %

The company has a quick ratio of 1.24, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $78.33 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 1.41 and a beta of 1.43. The business has a 50-day moving average of $76.63 and a two-hundred day moving average of $67.83.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analysts' expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 earnings per share. Research analysts predict that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PYPL. Family Firm Inc. acquired a new stake in shares of PayPal during the second quarter worth approximately $29,000. SYSTM Wealth Solutions LLC lifted its position in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock worth $29,000 after purchasing an additional 167 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in shares of PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 465 shares in the last quarter. CarsonAllaria Wealth Management Ltd. lifted its holdings in PayPal by 65.8% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider's stock worth $31,000 after buying an additional 185 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in shares of PayPal during the first quarter worth $34,000. Institutional investors own 68.32% of the company's stock.

PayPal Company Profile

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.