PayPal (NASDAQ:PYPL) Shares Up 0.3% – Time to Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL) shares traded up 0.3% during trading on Tuesday . The stock traded as high as $72.67 and last traded at $72.51. 1,458,303 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 11,210,473 shares. The stock had previously closed at $72.32.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of analyst reports. Piper Sandler decreased their price objective on PayPal from $76.00 to $70.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $96.00 price target on shares of PayPal in a research note on Wednesday, April 30th. Citigroup reduced their price objective on PayPal from $98.00 to $95.00 and set a “buy” rating on the stock in a research report on Tuesday, May 6th. Morgan Stanley boosted their price objective on shares of PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Finally, Seaport Res Ptn cut shares of PayPal from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.68.

PayPal Stock Performance

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 business has a 50 day moving average price of $66.06 and a 200 day moving average price of $77.34. The stock has a market capitalization of $70.58 billion, a PE ratio of 18.04, a PEG ratio of 1.27 and a beta of 1.51.

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

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This represents a 7.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PayPal

Several large investors have recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in shares of PayPal in the 4th quarter worth $25,000. Hurley Capital LLC acquired a new position in PayPal during the 4th quarter valued at approximately $27,000. Bernard Wealth Management Corp. acquired a new stake in PayPal during the 4th quarter worth about $34,000. Pinney & Scofield Inc. acquired a new position in PayPal in the 4th quarter worth approximately $35,000. Finally, Evermay Wealth Management LLC boosted its stake in shares of PayPal by 726.0% in the first 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. Hedge funds and other 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.