PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price traded up 0.3% on Friday . The company traded as high as $69.62 and last traded at $69.88. 2,772,273 shares were traded during trading, a decline of 75% from the average session volume of 10,889,311 shares. The stock had previously closed at $69.67.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on PYPL. Wolfe Research upgraded shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target for the company in a research report on Friday, December 13th. 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. Citigroup reissued an "outperform" rating on shares of PayPal in a report on Wednesday, February 5th. Bank of America raised PayPal from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. Finally, Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $90.03.
Read Our Latest Stock Analysis on PYPL
PayPal Price Performance
The firm has a market cap of $70.20 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 1.27 and a beta of 1.52. The business's 50-day moving average price is $78.19 and its two-hundred day moving average price is $80.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.
PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results 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. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the previous year, the firm earned $1.48 EPS. The company's revenue was up 4.2% on a year-over-year basis. On average, research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.
Insiders Place Their Bets
In related 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 directly owns 29,734 shares of the company's stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by company insiders.
Institutional Trading of PayPal
Several institutional investors have recently added to or reduced their stakes in PYPL. Norges Bank bought a new stake in shares of PayPal during the 4th quarter valued at about $1,086,508,000. Capital Research Global Investors grew its holdings in shares of 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 valued at $1,529,823,000 after purchasing an additional 9,313,783 shares during the last quarter. FMR LLC lifted its holdings in shares of PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of PayPal by 284.0% in the 4th quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock worth $666,100,000 after purchasing an additional 5,772,198 shares during the last quarter. Finally, World Investment Advisors LLC acquired a new position in PayPal during the 3rd quarter valued at approximately $387,435,000. Institutional investors 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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