PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price was up 1.6% on Friday . The company traded as high as $91.10 and last traded at $90.85. Approximately 2,136,787 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 13,028,661 shares. The stock had previously closed at $89.40.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on PYPL shares. Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 price target on shares of PayPal in a report on Thursday. Oppenheimer assumed coverage on shares of PayPal in a report on Tuesday, October 1st. They set a "market perform" rating for the company. Keefe, Bruyette & Woods increased their price target on PayPal from $92.00 to $104.00 and gave the stock an "outperform" rating in a research report on Monday. Susquehanna raised their price target on shares of PayPal from $83.00 to $94.00 and gave the company a "positive" rating in a research note on Wednesday, October 30th. Finally, Piper Sandler reissued a "neutral" rating and set a $88.00 target price on shares of PayPal in a research note on Friday, November 22nd. 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $86.74.
Check Out Our Latest Stock Report on PYPL
PayPal Stock Performance
The firm's fifty day moving average price is $83.64 and its two-hundred day moving average price is $72.03. The stock has a market capitalization of $91.20 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.
PayPal (NASDAQ:PYPL - Get Free Report) last issued its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion during the quarter, compared to analysts' expectations of $7.88 billion. During the same period in the prior year, the business earned $0.97 EPS. The firm's quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current year.
Hedge Funds Weigh In On PayPal
Several institutional investors have recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd purchased a new position in shares of PayPal in the third quarter valued at $26,000. Planning Capital Management Corp increased its position in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after purchasing an additional 268 shares in the last quarter. Financial Management Professionals Inc. raised its stake in shares of PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock valued at $34,000 after acquiring an additional 243 shares during the period. Legacy Investment Solutions LLC acquired a new position in PayPal during the 3rd quarter worth approximately $36,000. Finally, Family Firm Inc. purchased a new stake in PayPal during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 68.32% of the company's stock.
PayPal Company Profile
(
Get Free Report)
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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