PayPal (NASDAQ:PYPL) Trading 0.4% Higher

Shares of PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) traded up 0.4% on Friday . The stock traded as high as $59.88 and last traded at $59.87. 3,552,190 shares changed hands during trading, a decline of 76% from the average session volume of 14,844,847 shares. The stock had previously closed at $59.64.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. TD Cowen boosted their target price on PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a research note on Wednesday, May 1st. Wells Fargo & Company boosted their target price on PayPal from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. BMO Capital Markets boosted their price target on PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a research note on Wednesday, May 1st. Finally, Monness Crespi & Hardt boosted their price target on PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Twenty equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, PayPal currently has an average rating of “Hold” and an average price target of $73.82.

Check Out Our Latest Research Report on PYPL

PayPal Stock Performance

The firm has a market cap of $62.51 billion, a PE ratio of 15.05, a P/E/G ratio of 0.97 and a beta of 1.42. The firm has a 50-day moving average price of $62.65 and a two-hundred day moving average price of $62.33. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47.

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

Insider Activity at PayPal

In related news, Director Deborah M. Messemer sold 4,422 shares of the stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the sale, the director now owns 13,976 shares of the company’s stock, valued at $861,620.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On PayPal

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hartford Financial Management Inc. increased its holdings in shares of PayPal by 18.8% during the 4th quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after buying an additional 163 shares during the last quarter. Pine Haven Investment Counsel Inc increased its holdings in shares of PayPal by 3.7% during the 4th quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock worth $289,000 after buying an additional 170 shares during the last quarter. Pittenger & Anderson Inc. increased its holdings in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after buying an additional 172 shares during the last quarter. Verity Asset Management Inc. increased its holdings in shares of PayPal by 1.9% during the 1st quarter. Verity Asset Management Inc. now owns 9,708 shares of the credit services provider’s stock worth $650,000 after buying an additional 181 shares during the last quarter. Finally, Waldron Private Wealth LLC increased its holdings in shares of PayPal by 1.9% during the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock worth $590,000 after buying an additional 182 shares during the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

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.

Further Reading

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