PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) saw unusually large options trading on Friday. Stock investors bought 118,758 call options on the company. This represents an increase of approximately 62% compared to the average volume of 73,113 call options.
PayPal Stock Performance
Shares of PYPL stock traded up $2.89 during trading on Friday, hitting $91.81. The company's stock had a trading volume of 16,468,435 shares, compared to its average volume of 8,520,381. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market cap of $92.04 billion, a PE ratio of 21.91, a P/E/G ratio of 1.42 and a beta of 1.44. The business has a fifty day moving average of $87.23 and a 200-day moving average of $76.49. PayPal has a 52 week low of $55.77 and a 52 week high of $93.66.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. As a group, research analysts anticipate that PayPal will post 4.57 earnings per share for the current year.
Institutional Trading of PayPal
Hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors LLC purchased a new stake in shares of PayPal during the 3rd quarter worth approximately $387,435,000. United Advisor Group LLC bought a new position in PayPal during the third quarter valued at $810,000. FCG Investment Co purchased a new stake in PayPal in the third quarter worth $1,079,000. Equity Investment Corp raised its stake in shares of PayPal by 3.5% in the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider's stock valued at $155,927,000 after buying an additional 67,497 shares during the period. Finally, Relyea Zuckerberg Hanson LLC lifted its position in shares of PayPal by 113.8% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider's stock valued at $638,000 after buying an additional 3,976 shares during the last quarter. Institutional investors own 68.32% of the company's stock.
Analysts Set New Price Targets
PYPL has been the topic of several recent analyst reports. Wolfe Research raised shares of PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 target price on the stock in a report on Friday, December 13th. Stephens lifted their target price on PayPal from $75.00 to $85.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Susquehanna lifted their price objective on PayPal from $94.00 to $101.00 and gave the stock a "positive" rating in a research note on Monday, January 6th. Sanford C. Bernstein lowered shares of PayPal from an "outperform" rating to a "market perform" rating and upped their price objective for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Finally, Morgan Stanley upped their price target on shares of PayPal from $76.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. 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's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $89.32.
Check Out Our Latest Stock Report on PYPL
About PayPal
(
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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