PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shares traded down 4.2% on Friday . The company traded as low as $57.32 and last traded at $59.14. 7,097,888 shares were traded during trading, a decline of 37% from the average session volume of 11,245,340 shares. The stock had previously closed at $61.71.
Wall Street Analyst Weigh In
PYPL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of PayPal in a research report on Tuesday, February 4th. Morgan Stanley upped their target price on PayPal from $79.00 to $80.00 and gave the company an "equal weight" rating in a report on Wednesday, February 26th. Arete Research set a $81.00 price target on PayPal in a research report on Thursday, March 27th. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research report on Wednesday, February 26th. Finally, Wolfe Research raised PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 target price for the company in a research report on Friday, December 13th. Fifteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $89.13.
Get Our Latest Research Report on PYPL
PayPal Stock Up 0.3 %
The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a fifty day moving average price of $73.01 and a 200 day moving average price of $80.50. The company has a market cap of $57.90 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.
PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. During the same quarter in the previous year, the company earned $1.48 EPS. The business's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.
Insiders Place Their Bets
In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company's stock.
Hedge Funds Weigh In On PayPal
Institutional investors and hedge funds have recently made changes to their positions in the business. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal during the fourth quarter valued at about $25,000. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal during the 3rd quarter valued at about $26,000. Rosenberg Matthew Hamilton grew its position in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after acquiring an additional 125 shares during the last quarter. Hurley Capital LLC purchased a new position in PayPal in the 4th quarter worth approximately $27,000. Finally, Sugarloaf Wealth Management LLC lifted its position in PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 272 shares during the last quarter. Institutional investors own 68.32% of the company's stock.
PayPal Company Profile
(
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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.
Further Reading
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