PayPal (NASDAQ:PYPL) Trading Up 0.2%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price traded up 0.2% during trading on Wednesday . The company traded as high as $65.09 and last traded at $64.57. 2,314,079 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 16,228,467 shares. The stock had previously closed at $64.43.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PYPL shares. DZ Bank lowered PayPal from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a research report on Friday, February 9th. Argus lowered shares of PayPal from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. BTIG Research reissued a “neutral” rating on shares of PayPal in a research note on Friday, January 5th. JMP Securities upped their price objective on PayPal from $68.00 to $70.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 17th. Finally, Sanford C. Bernstein upped their price target on shares of PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $70.47.

PayPal Stock Up 0.6 %

The firm has a market cap of $68.25 billion, a PE ratio of 16.82, a PEG ratio of 1.10 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The company’s 50-day simple moving average is $62.53 and its two-hundred day simple moving average is $60.04.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. PayPal’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 earnings per share. On average, analysts predict that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of PayPal stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PayPal

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in PayPal during the 4th quarter valued at $749,561,000. Nordea Investment Management AB grew its stake in shares of PayPal by 420.6% during the 3rd quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock valued at $190,371,000 after purchasing an additional 2,616,774 shares during the period. FMR LLC increased its position in shares of PayPal by 29.5% during the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock valued at $404,367,000 after purchasing an additional 1,575,930 shares during the last quarter. LSV Asset Management lifted its stake in shares of PayPal by 271.6% in the 3rd quarter. LSV Asset Management now owns 1,533,300 shares of the credit services provider’s stock worth $89,637,000 after purchasing an additional 1,120,700 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of PayPal by 125.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock worth $105,882,000 after buying an additional 958,130 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

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.