PayPal (NASDAQ:PYPL) Stock Price Up 4.3% - Time to Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shares shot up 4.3% on Monday . The stock traded as high as $86.62 and last traded at $86.62. 3,855,085 shares were traded during mid-day trading, a decline of 71% from the average session volume of 13,502,829 shares. The stock had previously closed at $83.01.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Susquehanna increased their price objective on PayPal from $83.00 to $94.00 and gave the stock a "positive" rating in a research report on Wednesday, October 30th. Phillip Securities reissued an "accumulate" rating and issued a $90.00 target price (up previously from $80.00) on shares of PayPal in a research report on Friday, November 1st. Morgan Stanley upped their price target on shares of PayPal from $71.00 to $76.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Finally, William Blair upgraded shares of PayPal to a "hold" rating in a research note on Tuesday, July 30th. Fifteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PayPal presently has an average rating of "Moderate Buy" and an average price target of $83.45.

PayPal Trading Up 4.2 %

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 firm's fifty day moving average is $77.37 and its two-hundred day moving average is $68.33. The firm has a market capitalization of $86.68 billion, a PE ratio of 20.67, a PEG ratio of 1.48 and a beta of 1.43.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company's revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.97 EPS. On average, equities analysts predict that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Institutional Investors Weigh In On PayPal

Hedge funds have recently made changes to their positions in the business. Bruce G. Allen Investments LLC raised its position in PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider's stock worth $141,000 after buying an additional 124 shares during the last quarter. First United Bank & Trust grew its stake in shares of PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider's stock worth $187,000 after acquiring an additional 145 shares during the period. Ritholtz Wealth Management raised its holdings in shares of PayPal by 3.3% during the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider's stock valued at $369,000 after purchasing an additional 152 shares during the last quarter. SYSTM Wealth Solutions LLC lifted its position in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 167 shares during the period. Finally, First Bank & Trust boosted its holdings in PayPal by 4.4% in the third quarter. First Bank & Trust now owns 4,016 shares of the credit services provider's stock worth $313,000 after purchasing an additional 171 shares during the last quarter. 68.32% of the stock is currently owned by 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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