PayPal (NASDAQ:PYPL) Stock Price Up 1.3% – Should You Buy?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) traded up 1.3% during trading on Friday . The company traded as high as $61.47 and last traded at $61.00. 9,020,112 shares were traded during trading, a decline of 21% from the average session volume of 11,472,965 shares. The stock had previously closed at $60.24.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Arete Research set a $81.00 price objective on shares of PayPal in a research note on Thursday, March 27th. Citigroup reiterated an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Monness Crespi & Hardt lowered their price objective on PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Macquarie lifted their target price on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $86.84.

PayPal Trading Up 1.3 %

The stock has a 50 day moving average of $68.22 and a 200 day moving average of $79.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $60.34 billion, a P/E ratio of 15.21, a PEG ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the previous year, the company posted $1.48 EPS. PayPal’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Buying and Selling

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. GSB Wealth Management LLC raised its holdings in PayPal by 9.0% in the first quarter. GSB Wealth Management LLC now owns 8,020 shares of the credit services provider’s stock worth $523,000 after purchasing an additional 660 shares in the last quarter. Prosperity Wealth Management Inc. increased its stake in shares of PayPal by 7.9% during the first quarter. Prosperity Wealth Management Inc. now owns 6,907 shares of the credit services provider’s stock valued at $451,000 after purchasing an additional 505 shares in the last quarter. PKO Investment Management Joint Stock Co lifted its holdings in shares of PayPal by 100.0% during the first quarter. PKO Investment Management Joint Stock Co now owns 60,000 shares of the credit services provider’s stock valued at $3,915,000 after purchasing an additional 30,000 shares during the last quarter. Rakuten Securities Inc. boosted its position in shares of PayPal by 5.1% in the 1st quarter. Rakuten Securities Inc. now owns 6,553 shares of the credit services provider’s stock worth $428,000 after purchasing an additional 320 shares in the last quarter. Finally, Insigneo Advisory Services LLC grew its stake in shares of PayPal by 3.5% in the 1st quarter. Insigneo Advisory Services LLC now owns 19,152 shares of the credit services provider’s stock worth $1,250,000 after buying an additional 644 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.