PayPal (NASDAQ:PYPL) Trading 3.3% Higher - Should You Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price was up 3.3% during trading on Monday . The stock traded as high as $93.25 and last traded at $91.81. Approximately 16,468,435 shares traded hands during mid-day trading, an increase of 151% from the average daily volume of 6,562,702 shares. The stock had previously closed at $88.92.

Analyst Ratings Changes

PYPL has been the topic of a number of research reports. Mizuho boosted their target price on shares of PayPal from $90.00 to $100.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Wells Fargo & Company boosted their price objective on PayPal from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday. The Goldman Sachs Group increased their target price on PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Canaccord Genuity Group boosted their price target on PayPal from $80.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of PayPal from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $89.32.

PayPal Trading Up 3.3 %

The firm has a market cap of $92.04 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 1.42 and a beta of 1.44. The firm's 50-day moving average is $87.40 and its 200-day moving average is $76.97. 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 posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the company earned $0.97 earnings per share. The company's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Hedge Funds Weigh In On PayPal

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rosenberg Matthew Hamilton boosted its stake in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal during the third quarter valued at approximately $26,000. Sugarloaf Wealth Management LLC increased its holdings in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after acquiring an additional 272 shares during the period. Planning Capital Management Corp raised its position in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after buying an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. raised its holdings 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 in the last quarter. Hedge funds and other 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.