PayPal (NASDAQ:PYPL) Shares Up 0.7% - What's Next?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price was up 0.7% during mid-day trading on Wednesday . The stock traded as high as $69.80 and last traded at $69.33. Approximately 1,303,891 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 10,913,772 shares. The stock had previously closed at $68.88.

Analysts Set New Price Targets

Several research analysts recently issued reports on PYPL shares. Piper Sandler dropped their price objective on PayPal from $85.00 to $76.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. StockNews.com raised PayPal from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Barclays upped their target price on PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a report on Tuesday, December 17th. Macquarie upped their target price on PayPal from $115.00 to $117.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Finally, Needham & Company LLC restated a "hold" rating on shares of PayPal in a report 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. According to data from MarketBeat.com, PayPal has a consensus rating of "Moderate Buy" and a consensus price target of $90.03.

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PayPal Price Performance

The firm has a 50-day simple moving average of $78.19 and a two-hundred day simple moving average of $80.86. The company has a market capitalization of $69.43 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.27 and a beta of 1.52. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly 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. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $1.48 EPS. As a group, analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction dated 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 in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On PayPal

Institutional investors have recently modified their holdings of the business. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal during the 4th quarter valued at about $25,000. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal in the 3rd quarter valued at about $26,000. Rosenberg Matthew Hamilton lifted its stake in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after buying an additional 125 shares in the last quarter. Hurley Capital LLC purchased a new position in PayPal in the 4th quarter valued at about $27,000. Finally, Sugarloaf Wealth Management LLC lifted its stake in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after buying an additional 272 shares in the last quarter. 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.