PayPal (NASDAQ:PYPL) Trading Up 0.3% – Here’s Why

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price was up 0.3% during trading on Monday . The company traded as high as $72.30 and last traded at $72.39. Approximately 1,960,188 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 11,228,904 shares. The stock had previously closed at $72.18.

Analyst Ratings Changes

Several brokerages have recently weighed in on PYPL. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Canaccord Genuity Group reiterated a “buy” rating and set a $96.00 price objective on shares of PayPal in a research note on Wednesday, April 30th. DZ Bank raised PayPal from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Friday, February 28th. Bank of America dropped their price target on PayPal from $103.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Morgan Stanley lifted their target price on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $83.68.

PayPal Stock Up 0.2%

The firm has a market cap of $70.33 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 1.27 and a beta of 1.51. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $65.99 and a two-hundred day moving average price of $77.38.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.84 billion. During the same quarter last year, the business posted $1.08 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On PayPal

A number of institutional investors and hedge funds have recently bought and sold shares of PYPL. Mpwm Advisory Solutions LLC purchased a new position in PayPal during the 4th quarter worth approximately $25,000. Hurley Capital LLC purchased a new stake in PayPal in the 4th quarter valued at $27,000. Evermay Wealth Management LLC boosted its stake in 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 purchasing an additional 363 shares during the period. Garde Capital Inc. purchased a new position in PayPal during the 1st quarter worth $28,000. Finally, Tsfg LLC increased its stake in PayPal by 81.6% in the first quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 200 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.