PayPal (NASDAQ:PYPL) Stock Price Up 0.4% - Still a Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s share price shot up 0.4% during trading on Monday . The stock traded as high as $61.48 and last traded at $58.63. 6,873,113 shares were traded during trading, a decline of 39% from the average session volume of 11,302,150 shares. The stock had previously closed at $58.37.

Wall Street Analyst Weigh In

Several analysts recently commented on PYPL shares. Piper Sandler decreased their price target on PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Arete Research set a $81.00 target price on shares of PayPal in a report on Thursday, March 27th. DZ Bank upgraded shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a research report on Friday, February 28th. Barclays boosted their price target on shares of PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a research report on Tuesday, December 17th. Finally, Susquehanna raised their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a report on Monday, January 6th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $88.32.

PayPal Price Performance

The company's 50 day simple moving average is $70.19 and its 200 day simple moving average is $79.87. 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 stock has a market cap of $61.44 billion, a P/E ratio of 15.30, a P/E/G ratio of 1.27 and a beta of 1.60.

Remove Ads

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. As a group, equities analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Buying and Selling

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 shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On PayPal

Several institutional investors have recently added to or reduced their stakes in PYPL. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal in the 4th quarter valued at about $25,000. Rosenberg Matthew Hamilton raised its holdings in shares of 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 purchasing an additional 125 shares during the last quarter. Hurley Capital LLC bought a new stake in shares of PayPal in the fourth quarter worth $27,000. Sugarloaf Wealth Management LLC boosted its holdings in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock worth $30,000 after purchasing an additional 272 shares during the last quarter. Finally, Bernard Wealth Management Corp. bought a new position in PayPal in the fourth quarter valued at $34,000. 68.32% of the stock is owned by 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.