PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s share price traded down 0.3% on Thursday . The stock traded as low as $75.80 and last traded at $76.03. 2,969,480 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 11,308,874 shares. The stock had previously closed at $76.27.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on PYPL shares. The Goldman Sachs Group boosted their price objective on PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their target price on shares of PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Morgan Stanley dropped their price target on shares of PayPal from $90.00 to $79.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their price objective on PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, PayPal presently has an average rating of "Moderate Buy" and an average price target of $90.52.
Get Our Latest Research Report on PYPL
PayPal Stock Performance
The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. The stock's 50 day moving average price is $86.18 and its 200 day moving average price is $80.45. The company has a market capitalization of $77.77 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44.
PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $8.27 billion. During the same period in the previous year, the firm earned $1.48 earnings per share. The company's revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.
Institutional Trading of PayPal
Hedge funds have recently bought and sold shares of the business. Mpwm Advisory Solutions LLC purchased a new position in PayPal during the fourth quarter worth about $25,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal during the 3rd quarter worth $26,000. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock worth $26,000 after buying an additional 125 shares during the last quarter. Hurley Capital LLC purchased a new stake in PayPal during the fourth quarter worth about $27,000. Finally, Sugarloaf Wealth Management LLC boosted its stake 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 acquiring an additional 272 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.
About PayPal
(
Get Free Report)
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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