PayPal (NASDAQ:PYPL) Stock Price Up 1.3% - What's Next?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) shares traded up 1.3% during trading on Tuesday . The company traded as high as $65.95 and last traded at $66.10. 2,388,588 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 11,192,391 shares. The stock had previously closed at $65.25.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PYPL shares. Susquehanna boosted their target price on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research report on Monday, January 6th. StockNews.com cut PayPal from a "buy" rating to a "hold" rating in a report on Saturday, March 29th. Citigroup restated an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. Keefe, Bruyette & Woods lowered their price target on shares of PayPal from $104.00 to $85.00 and set an "outperform" rating for the company in a research report on Monday. Finally, DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 price objective on the stock in a report on Friday, February 28th. Sixteen investment 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $89.13.

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PayPal Stock Down 8.1 %

The stock's fifty day moving average price is $74.82 and its 200-day moving average price is $80.74. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $61.05 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.27 and a beta of 1.60.

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

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.14% of the company's stock.

Hedge Funds Weigh In On PayPal

A number of institutional investors have recently added to or reduced their stakes in PYPL. Norges Bank bought a new position in shares of PayPal in the 4th quarter valued at about $1,086,508,000. Capital Research Global Investors grew its holdings in PayPal by 108.2% during the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock worth $1,529,823,000 after purchasing an additional 9,313,783 shares during the period. Artisan Partners Limited Partnership increased its position in PayPal by 284.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock worth $666,100,000 after buying an additional 5,772,198 shares during the last quarter. World Investment Advisors LLC acquired a new position in PayPal during the third quarter worth approximately $387,435,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock valued at $361,316,000 after buying an additional 2,689,162 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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.