PayPal (NASDAQ:PYPL) Trading Up 1.6%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price rose 1.6% on Friday . The stock traded as high as $65.56 and last traded at $65.14. Approximately 3,026,410 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 16,079,665 shares. The stock had previously closed at $64.10.

Wall Street Analyst Weigh In

PYPL has been the subject of several research analyst reports. Citigroup lowered their price objective on PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Argus lowered PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. JPMorgan Chase & Co. lowered their target price on PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. William Blair reaffirmed an “outperform” rating on shares of PayPal in a report on Thursday, February 8th. Finally, Canaccord Genuity Group lowered their target price on PayPal from $100.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $70.47.

PayPal Price Performance

The stock has a market capitalization of $69.43 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 1.19 and a beta of 1.45. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $62.87 and a two-hundred day simple moving average of $60.18.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The firm had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 earnings per share. As a group, research analysts predict that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PYPL. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PayPal during the 4th quarter valued at $25,000. Sutton Wealth Advisors Inc. raised its stake in PayPal by 115.0% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 237 shares during the period. American National Bank acquired a new stake in PayPal during the 1st quarter valued at $27,000. Private Wealth Management Group LLC acquired a new stake in PayPal during the 4th quarter valued at $29,000. Finally, Register Financial Advisors LLC acquired a new stake in PayPal during the 1st quarter valued at $30,000. Institutional investors own 68.32% of the company’s stock.

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.