PayPal (NASDAQ:PYPL) Stock Price Up 1.8% - What's Next?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) traded up 1.8% on Monday . The stock traded as high as $78.33 and last traded at $77.97. 10,494,275 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 11,926,884 shares. The stock had previously closed at $76.59.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wolfe Research upgraded PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price objective on the stock in a research note on Friday, December 13th. Piper Sandler upped their price objective on PayPal from $88.00 to $93.00 and gave the company a "neutral" rating in a research note on Friday, January 24th. Canaccord Genuity Group upped their price objective on PayPal from $80.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. 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, December 9th. Finally, JPMorgan Chase & Co. increased their price target on PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, PayPal presently has an average rating of "Moderate Buy" and an average target price of $90.52.

PayPal Price Performance

The company has a 50 day moving average of $85.73 and a 200 day moving average of $80.55. The firm has a market cap of $76.79 billion, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.29 and a beta of 1.44. 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 data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. PayPal's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.48 EPS. Equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Hedge Funds Weigh In On PayPal

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in PayPal during the fourth quarter worth approximately $1,086,508,000. Mizuho Securities USA LLC raised its position in shares of PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider's stock valued at $819,315,000 after buying an additional 10,419,351 shares in the last quarter. Capital Research Global Investors raised its position in shares of PayPal by 108.2% in 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 buying an additional 9,313,783 shares in the last quarter. FMR LLC raised its position in shares of PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock valued at $1,307,945,000 after buying an additional 7,767,072 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its position in shares of PayPal by 284.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after buying an additional 5,772,198 shares in the last quarter. 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.