PayPal (NASDAQ:PYPL) Trading 1.2% Higher After Analyst Upgrade

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price traded up 1.2% during trading on Monday after Barclays raised their price target on the stock from $80.00 to $90.00. Barclays currently has an overweight rating on the stock. PayPal traded as high as $76.23 and last traded at $75.06. 2,965,455 shares traded hands during trading, a decline of 73% from the average session volume of 10,852,976 shares. The stock had previously closed at $74.17.

PYPL has been the topic of several other reports. Compass Point assumed coverage on PayPal in a research report on Wednesday, April 23rd. They issued a “sell” rating and a $56.00 target price on the stock. Wells Fargo & Company lowered their price target on PayPal from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Monness Crespi & Hardt lowered their price target on PayPal from $120.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Royal Bank Of Canada reiterated an “outperform” rating and set a $88.00 price target on shares of PayPal in a research report on Thursday, June 26th. Finally, Keefe, Bruyette & Woods lowered their price target on PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a research report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $83.13.

Insider Transactions at PayPal

In related news, EVP Diego Scotti sold 3,839 shares of the business’s stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $73.24, for a total transaction of $281,168.36. Following the transaction, the executive vice president directly owned 16,989 shares in the company, valued at $1,244,274.36. The trade was a 18.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Deborah M. Messemer sold 3,795 shares of the business’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $73.00, for a total value of $277,035.00. Following the transaction, the director owned 13,976 shares in the company, valued at $1,020,248. This represents a 21.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,796 shares of company stock worth $863,028. Company insiders own 0.08% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Mpwm Advisory Solutions LLC bought a new stake in shares of PayPal during the 4th quarter valued at $25,000. Hurley Capital LLC acquired a new position in shares of PayPal during the 4th quarter worth about $27,000. Evermay Wealth Management LLC boosted its stake in shares of PayPal by 726.0% during the 1st quarter. Evermay Wealth Management LLC now owns 413 shares of the credit services provider’s stock worth $27,000 after buying an additional 363 shares during the last quarter. Hilltop National Bank acquired a new stake in PayPal in the 2nd quarter valued at about $27,000. Finally, Garde Capital Inc. acquired a new stake in PayPal in the 1st quarter valued at about $28,000. 68.32% of the stock is owned by institutional investors and hedge funds.

PayPal Price Performance

The firm has a market capitalization of $72.76 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 1.22 and a beta of 1.45. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $72.75 and its 200-day moving average is $73.13.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, April 29th. The credit services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.16 by $0.17. The company had revenue of $7.79 billion for the quarter, compared to analysts’ expectations of $7.84 billion. PayPal had a net margin of 14.26% and a return on equity of 24.59%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $1.08 earnings per share. Equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

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.