PayPal (NASDAQ:PYPL) Trading Down 0.1%

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) traded down 0.1% on Friday . The company traded as low as $66.20 and last traded at $66.92. 2,336,495 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 15,081,871 shares. The stock had previously closed at $67.02.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several research reports. New Street Research initiated coverage on shares of PayPal in a research report on Friday, May 31st. They set a “buy” rating and a $80.00 price target for the company. TD Cowen lifted their price objective on PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. Evercore ISI upped their price objective on shares of PayPal from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Wednesday, May 1st. Daiwa Capital Markets lowered shares of PayPal from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $64.00 to $62.00 in a research report on Tuesday, February 13th. Finally, Mizuho raised shares of PayPal from a “neutral” rating to a “buy” rating and boosted their price target for the company from $68.00 to $90.00 in a research report on Thursday, May 30th. Twenty-one equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.59.

Check Out Our Latest Stock Report on PYPL

PayPal Price Performance

The firm has a 50-day moving average price of $64.36 and a 200 day moving average price of $62.16. The stock has a market capitalization of $70.40 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 1.10 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28.

PayPal (NASDAQ:PYPLGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business had revenue of $7.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same period last year, the business posted $0.86 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

Insider Buying and Selling at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the transaction, the director now owns 13,976 shares in the company, valued at $861,620.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On PayPal

A number of large investors have recently bought and sold shares of PYPL. Morgan Stanley grew its holdings in shares of PayPal by 4.5% in the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after purchasing an additional 873,181 shares during the last quarter. Norges Bank bought a new stake in PayPal in the 4th quarter worth $749,561,000. Northern Trust Corp increased its position in shares of PayPal by 0.7% in the third quarter. Northern Trust Corp now owns 11,767,054 shares of the credit services provider’s stock valued at $687,902,000 after acquiring an additional 78,105 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of PayPal by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock valued at $428,449,000 after acquiring an additional 265,116 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of PayPal by 29.5% during the third quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock worth $404,367,000 after purchasing an additional 1,575,930 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.

Read More

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.