PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shares traded up 1.3% on Thursday . The stock traded as high as $61.32 and last traded at $61.02. 3,458,799 shares changed hands during trading, a decline of 70% from the average session volume of 11,438,123 shares. The stock had previously closed at $60.24.
Analyst Upgrades and Downgrades
PYPL has been the subject of several recent research reports. Macquarie boosted their target price on shares of PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Evercore ISI began coverage on PayPal in a research note on Wednesday, April 9th. They set an "in-line" rating and a $65.00 price objective on the stock. Wells Fargo & Company reduced their price objective on shares of PayPal from $80.00 to $74.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods cut their target price on PayPal from $104.00 to $85.00 and set an "outperform" rating on the stock in a research note on Monday, March 31st. Finally, Monness Crespi & Hardt dropped their price target on PayPal from $120.00 to $90.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $86.84.
Get Our Latest Stock Report on PayPal
PayPal Trading Down 1.2 %
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 50 day moving average of $68.22 and a 200 day moving average of $79.19. The firm has a market cap of $59.64 billion, a P/E ratio of 15.03, a PEG ratio of 1.27 and a beta of 1.60.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion for 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%. PayPal's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $1.48 EPS. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.
Insider Transactions at PayPal
In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Mpwm Advisory Solutions LLC purchased a new stake in PayPal during the 4th quarter valued at about $25,000. Rosenberg Matthew Hamilton boosted its stake in shares of PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares during the period. Hurley Capital LLC bought a new position in shares of PayPal in the fourth quarter worth approximately $27,000. Sugarloaf Wealth Management LLC increased its stake in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after buying an additional 272 shares during the period. Finally, Bernard Wealth Management Corp. bought a new stake in PayPal during the 4th quarter valued at $34,000. 68.32% of the stock is owned by institutional investors.
About PayPal
(
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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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