PayPal (NASDAQ:PYPL) Shares Up 1.3% - Should You Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shares traded up 1.3% on Friday . The stock traded as high as $61.47 and last traded at $61.00. 9,020,112 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 11,472,965 shares. The stock had previously closed at $60.24.

Analyst Ratings Changes

PYPL has been the subject of a number of research reports. BTIG Research reissued a "neutral" rating on shares of PayPal in a report on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Monness Crespi & Hardt lowered their price target on shares of PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Seaport Res Ptn cut shares of PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. Finally, 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 report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, PayPal presently has a consensus rating of "Moderate Buy" and an average target price of $86.84.

PayPal Stock Performance

The stock's 50 day moving average is $67.90 and its two-hundred day moving average is $79.06. The stock has a market capitalization of $60.76 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

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

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now owns 29,734 shares of the company's stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by company insiders.

Institutional Trading of PayPal

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC acquired a new stake in PayPal in the 4th quarter valued at about $25,000. Rosenberg Matthew Hamilton increased its holdings in shares of 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 bought a new stake in PayPal in the 4th quarter valued at $27,000. Garde Capital Inc. acquired a new stake in PayPal during the 1st quarter valued at $28,000. Finally, Sugarloaf Wealth Management LLC boosted its position in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after purchasing an additional 272 shares during the period. 68.32% of the stock is owned by institutional investors.

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.