PayPal (NASDAQ:PYPL) Trading 1% Higher - What's Next?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) rose 1% during trading on Monday . The stock traded as high as $63.90 and last traded at $63.24. Approximately 2,186,748 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 11,450,556 shares. The stock had previously closed at $62.59.

Analysts Set New Price Targets

PYPL has been the topic of several recent research reports. Wells Fargo & Company reiterated an "equal weight" rating on shares of PayPal in a report on Wednesday, February 5th. Citigroup reaffirmed an "outperform" rating on shares of PayPal in a research note on Wednesday, February 5th. Arete Research set a $81.00 price target on shares of PayPal in a research note on Thursday, March 27th. BTIG Research reaffirmed a "neutral" rating on shares of PayPal in a research note on Tuesday, February 4th. Finally, Macquarie upped their target price on shares of PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Sixteen 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $88.00.

PayPal Stock Performance

The stock has a 50 day moving average of $69.88 and a 200 day moving average of $79.76. The firm has a market cap of $61.35 billion, a price-to-earnings ratio of 15.47, a P/E/G ratio of 1.27 and a beta of 1.60. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48.

Remove Ads

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, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion during 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%. PayPal's revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 EPS. As a group, analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Relyea Zuckerberg Hanson LLC grew its stake in shares of PayPal by 113.8% in the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock worth $638,000 after purchasing an additional 3,976 shares during the last quarter. Nikko Asset Management Americas Inc. increased its stake in shares of PayPal by 2.7% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 697,077 shares of the credit services provider's stock valued at $59,489,000 after buying an additional 18,172 shares during the period. ExodusPoint Capital Management LP raised its position in shares of PayPal by 223.1% during the fourth quarter. ExodusPoint Capital Management LP now owns 265,048 shares of the credit services provider's stock worth $22,622,000 after acquiring an additional 183,011 shares during the last quarter. StoneX Group Inc. lifted its stake in shares of PayPal by 70.4% in the fourth quarter. StoneX Group Inc. now owns 27,249 shares of the credit services provider's stock worth $2,326,000 after acquiring an additional 11,260 shares during the period. Finally, Fortem Financial Group LLC boosted its holdings in PayPal by 28.0% in the fourth quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider's stock valued at $2,842,000 after acquiring an additional 7,291 shares during the last quarter. Institutional investors 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.

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