PayPal (NASDAQ:PYPL) Stock Price Up 0% - Should You Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s share price rose 0% during mid-day trading on Wednesday . The company traded as high as $71.62 and last traded at $70.88. Approximately 1,680,796 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 10,858,560 shares. The stock had previously closed at $70.86.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several recent analyst reports. Robert W. Baird cut their price target on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Citigroup restated an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of PayPal in a report on Tuesday, February 4th. BTIG Research reissued a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Finally, DZ Bank raised PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target on the stock in a research note on Friday, February 28th. Sixteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $90.03.

PayPal Trading Down 5.4 %

The business has a 50-day simple moving average of $76.28 and a 200-day simple moving average of $80.73. The company has a market cap of $64.45 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

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PayPal (NASDAQ:PYPL - Get Free Report) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal's revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. On average, analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Transactions at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.14% of the company's stock.

Hedge Funds Weigh In On PayPal

Several hedge funds have recently made changes to their positions in PYPL. Geode Capital Management LLC boosted its holdings in shares of PayPal by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider's stock valued at $1,849,884,000 after acquiring an additional 271,836 shares during the period. FMR LLC boosted its stake in PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock worth $1,615,134,000 after purchasing an additional 2,161,582 shares during the period. Capital Research Global Investors grew its position in PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after purchasing an additional 9,313,783 shares during the last quarter. Norges Bank acquired a new position in PayPal in the fourth quarter valued at $1,086,508,000. Finally, Northern Trust Corp raised its holdings in shares of PayPal by 19.0% in the fourth quarter. Northern Trust Corp now owns 10,462,251 shares of the credit services provider's stock valued at $892,953,000 after buying an additional 1,669,908 shares during the last quarter. 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.