PayPal (NASDAQ:PYPL) Trading Up 1.8% - Time to Buy?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) traded up 1.8% during trading on Tuesday . The company traded as high as $61.31 and last traded at $61.37. 2,514,902 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 11,425,700 shares. The stock had previously closed at $60.29.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PYPL shares. Monness Crespi & Hardt decreased their price objective on shares of PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Barclays cut their target price on PayPal from $110.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. StockNews.com downgraded shares of PayPal from a "buy" rating to a "hold" rating in a research report on Wednesday. Seaport Res Ptn lowered shares of PayPal from a "hold" rating to a "strong sell" rating in a research note on Thursday, April 17th. Finally, Macquarie increased their price objective on shares of PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, PayPal has an average rating of "Moderate Buy" and a consensus price target of $85.88.

PayPal Stock Performance

The stock has a market cap of $64.64 billion, a P/E ratio of 16.29, a PEG ratio of 1.27 and a beta of 1.60. 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 company has a fifty day moving average of $66.76 and a 200 day moving average of $78.61.

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

Insider Buying and Selling

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction 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 completion of the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PayPal

A number of hedge funds and other institutional investors have recently modified their holdings of PYPL. Anchor Investment Management LLC boosted its stake in PayPal by 9.9% in the 3rd quarter. Anchor Investment Management LLC now owns 35,219 shares of the credit services provider's stock worth $2,748,000 after purchasing an additional 3,175 shares during the period. Boyar Asset Management Inc. acquired a new stake in shares of PayPal in the third quarter worth $208,000. World Investment Advisors LLC purchased a new position in shares of PayPal during the third quarter valued at $5,296,000. Sfmg LLC purchased a new stake in PayPal in the 3rd quarter worth about $234,000. Finally, Wilmington Savings Fund Society FSB grew its stake in PayPal by 196.3% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider's stock valued at $798,000 after acquiring an additional 6,772 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company's stock.

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.