PayPal (NASDAQ:PYPL) Shares Up 1.3% - Still a Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shares traded up 1.3% during mid-day trading on Thursday . The company traded as high as $90.93 and last traded at $89.89. 2,791,391 shares changed hands during trading, a decline of 65% from the average session volume of 7,900,265 shares. The stock had previously closed at $88.76.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of PayPal from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 16th. Canaccord Genuity Group upped their target price on shares of PayPal from $80.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Wolfe Research upgraded shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target on the stock in a research report on Friday, December 13th. StockNews.com upgraded PayPal from a "hold" rating to a "buy" rating in a report on Tuesday, December 24th. Finally, Susquehanna lifted their price objective on PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research note on Monday, January 6th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $89.48.

PayPal Trading Up 0.9 %

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market cap of $89.80 billion, a P/E ratio of 21.38, a PEG ratio of 1.54 and a beta of 1.44. The firm's fifty day moving average price is $88.04 and its two-hundred day moving average price is $78.53.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the firm posted $0.97 EPS. The firm's revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Hedge Funds Weigh In On PayPal

Large investors have recently modified their holdings of the company. Mizuho Securities USA LLC grew its stake in shares of PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider's stock valued at $819,315,000 after buying an additional 10,419,351 shares during the last quarter. FMR LLC boosted its position in PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock valued at $1,307,945,000 after buying an additional 7,767,072 shares during the period. World Investment Advisors LLC bought a new position in shares of PayPal during the third quarter valued at about $387,435,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of PayPal by 174.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock worth $361,316,000 after purchasing an additional 2,689,162 shares during the period. Finally, International Assets Investment Management LLC grew its stake in shares of PayPal by 9,864.9% in the third quarter. International Assets Investment Management LLC now owns 1,119,262 shares of the credit services provider's stock worth $87,336,000 after purchasing an additional 1,108,030 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.

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