PayPal (NASDAQ:PYPL) Stock Price Up 2.6% After Analyst Upgrade

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price rose 2.6% during mid-day trading on Wednesday after Rothschild & Co Redburn raised their price target on the stock from $66.00 to $70.00. Rothschild & Co Redburn currently has a neutral rating on the stock. PayPal traded as high as $69.27 and last traded at $68.62. Approximately 17,807,962 shares traded hands during trading, an increase of 61% from the average daily volume of 11,035,976 shares. The stock had previously closed at $66.85.

Other research analysts also recently issued reports about the stock. Truist Financial initiated coverage on shares of PayPal in a research report on Monday, June 2nd. They set a “sell” rating and a $68.00 price objective on the stock. Morgan Stanley restated a “positive” rating on shares of PayPal in a research note on Wednesday, July 30th. Piper Sandler set a $74.00 target price on shares of PayPal in a research note on Tuesday, July 29th. Seaport Res Ptn upgraded shares of PayPal from a “strong sell” rating to a “hold” rating in a research note on Monday, July 14th. Finally, Wall Street Zen upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Seventeen equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, PayPal currently has a consensus rating of “Hold” and an average target price of $84.50.

Insider Activity

In other PayPal news, insider Suzan Kereere sold 4,162 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $69.39, for a total transaction of $288,801.18. Following the sale, the insider directly owned 48,483 shares of the company’s stock, valued at approximately $3,364,235.37. This represents a 7.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diego Scotti sold 3,838 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $69.12, for a total transaction of $265,282.56. Following the sale, the executive vice president directly owned 16,989 shares in the company, valued at $1,174,279.68. This trade represents a 18.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,102 shares of company stock worth $1,046,607. 0.08% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PayPal

Institutional investors have recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in PayPal in the 4th quarter valued at about $25,000. Hilltop National Bank bought a new position in PayPal in the 2nd quarter valued at about $27,000. MUFG Securities EMEA plc grew its position in PayPal by 100.4% in the 2nd quarter. MUFG Securities EMEA plc now owns 385 shares of the credit services provider’s stock valued at $29,000 after buying an additional 87,524 shares in the last quarter. Bernard Wealth Management Corp. bought a new position in PayPal in the 4th quarter valued at about $34,000. Finally, Pinney & Scofield Inc. bought a new position in PayPal in the 4th quarter valued at about $35,000. Institutional investors own 68.32% of the company’s stock.

PayPal Stock Up 2.6%

The stock’s 50-day moving average is $70.34 and its 200-day moving average is $69.37. The stock has a market cap of $65.56 billion, a P/E ratio of 14.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.43. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.56.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, July 29th. The credit services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.10. The firm had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.08 billion. PayPal had a net margin of 14.49% and a return on equity of 25.35%. During the same quarter in the prior year, the firm posted $1.19 EPS. PayPal has set its Q3 2025 guidance at 1.180-1.220 EPS. FY 2025 guidance at 5.150-5.300 EPS. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.