PayPal (NASDAQ:PYPL) Shares Up 1.2% - Here's Why

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) traded up 1.2% on Monday . The stock traded as high as $71.66 and last traded at $71.02. 2,033,384 shares traded hands during trading, a decline of 81% from the average session volume of 10,887,618 shares. The stock had previously closed at $70.19.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. DZ Bank upgraded PayPal from a "hold" rating to a "buy" rating and set a $92.00 price target for the company in a research report on Friday, February 28th. Morgan Stanley raised their target price on shares of PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 26th. Citigroup reiterated an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. Robert W. Baird lowered their target price on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, StockNews.com raised shares of PayPal from a "hold" rating to a "buy" rating in a report on Tuesday, December 24th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $90.03.

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PayPal Stock Performance

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 market cap of $69.21 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The business has a fifty day simple moving average of $77.61 and a two-hundred day simple moving average of $80.92.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $8.27 billion. During the same period in the prior year, the business posted $1.48 EPS. The firm's quarterly revenue was up 4.2% on a year-over-year basis. Research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

In other PayPal 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 directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. The trade was 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 the SEC website. Insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mpwm Advisory Solutions LLC acquired a new stake in PayPal in the fourth quarter worth about $25,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of PayPal in the 3rd quarter valued at approximately $26,000. Rosenberg Matthew Hamilton boosted its stake in 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 purchasing an additional 125 shares in the last quarter. Hurley Capital LLC purchased a new stake in PayPal during the 4th quarter worth approximately $27,000. Finally, Sugarloaf Wealth Management LLC increased its stake in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

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.