PayPal (NASDAQ:PYPL) Stock Price Up 0.1% - Here's Why

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price shot up 0.1% during mid-day trading on Tuesday . The stock traded as high as $62.79 and last traded at $62.34. 2,286,803 shares were traded during mid-day trading, a decline of 80% from the average session volume of 11,440,955 shares. The stock had previously closed at $62.27.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PYPL shares. Citigroup reiterated an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. Arete Research set a $81.00 price objective on PayPal in a research note on Thursday, March 27th. Robert W. Baird dropped their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Barclays reduced their price objective on PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Seaport Res Ptn lowered PayPal from a "hold" rating to a "strong sell" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.84.

PayPal Trading Up 1.3 %

The stock's 50 day simple moving average is $68.22 and its two-hundred day simple moving average is $79.17. 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 stock has a market capitalization of $60.34 billion, a PE ratio of 15.21, a PEG ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.48 earnings per share. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Buying and Selling

In other news, Director Gail J. Mcgovern sold 2,446 shares of the business'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 completion of the transaction, the director now directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Anchor Investment Management LLC lifted its holdings in PayPal by 9.9% in the third quarter. Anchor Investment Management LLC now owns 35,219 shares of the credit services provider's stock valued at $2,748,000 after acquiring an additional 3,175 shares during the period. Boyar Asset Management Inc. acquired a new position in PayPal during the third quarter worth about $208,000. World Investment Advisors LLC purchased a new stake in shares of PayPal in the third quarter valued at approximately $5,296,000. Sfmg LLC acquired a new stake in shares of PayPal in the 3rd quarter worth $234,000. Finally, Wilmington Savings Fund Society FSB raised its stake in PayPal by 196.3% during the third quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider's stock worth $798,000 after purchasing an additional 6,772 shares during the period. Institutional investors and hedge funds 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.