PayPal (NASDAQ:PYPL) Trading 1.3% Higher – Here’s What Happened

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) shares traded up 1.3% during trading on Tuesday . The company traded as high as $45.47 and last traded at $45.23. 11,175,078 shares changed hands during trading, a decline of 54% from the average session volume of 24,104,965 shares. The stock had previously closed at $44.67.

Key Headlines Impacting PayPal

Here are the key news stories impacting PayPal this week:

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of PayPal from $75.00 to $65.00 and set a “hold” rating for the company in a report on Friday, December 5th. Citizens Jmp reiterated a “market perform” rating on shares of PayPal in a report on Wednesday, February 4th. JPMorgan Chase & Co. reduced their price objective on PayPal from $70.00 to $46.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Compass Point raised shares of PayPal from a “sell” rating to a “neutral” rating and set a $51.00 price target on the stock in a report on Wednesday, February 4th. Finally, Loop Capital initiated coverage on PayPal in a research report on Tuesday. They issued a “hold” rating and a $46.00 price objective on the stock. Eight analysts have rated the stock with a Buy rating, thirty-one have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, PayPal currently has an average rating of “Hold” and a consensus price target of $58.11.

Get Our Latest Analysis on PYPL

PayPal Stock Up 1.3%

The firm has a market capitalization of $41.64 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 1.30 and a beta of 1.43. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average of $46.05 and a two-hundred day moving average of $57.83.

PayPal (NASDAQ:PYPLGet Free Report) last posted its earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). PayPal had a return on equity of 25.42% and a net margin of 15.77%.The business had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the company posted $1.19 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

PayPal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th were paid a $0.14 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. PayPal’s dividend payout ratio (DPR) is 10.35%.

Insider Activity

In other news, CAO Chris Natali sold 2,208 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $44.73, for a total transaction of $98,763.84. Following the transaction, the chief accounting officer directly owned 1,140 shares of the company’s stock, valued at approximately $50,992.20. The trade was a 65.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Frank Keller sold 29,581 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the completion of the transaction, the executive vice president owned 51,567 shares in the company, valued at $2,373,113.34. This represents a 36.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 87,608 shares of company stock worth $3,831,535 over the last 90 days. Company insiders own 0.08% of the company’s stock.

Hedge Funds Weigh In On PayPal

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in PayPal by 6.5% in the fourth quarter. Vanguard Group Inc. now owns 90,376,927 shares of the credit services provider’s stock worth $5,276,205,000 after purchasing an additional 5,534,462 shares during the period. Capital Research Global Investors increased its position in PayPal by 2.3% in the 3rd quarter. Capital Research Global Investors now owns 27,953,803 shares of the credit services provider’s stock valued at $1,874,637,000 after acquiring an additional 636,441 shares during the period. Norges Bank bought a new stake in shares of PayPal during the 4th quarter worth about $949,758,000. Invesco Ltd. lifted its holdings in shares of PayPal by 9.7% in the fourth quarter. Invesco Ltd. now owns 12,215,792 shares of the credit services provider’s stock valued at $713,158,000 after buying an additional 1,083,843 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in PayPal by 7.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,803,241 shares of the credit services provider’s stock valued at $513,966,000 after purchasing an additional 625,705 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Company Profile

(Get Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

Further Reading

Receive News & Ratings for PayPal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPal and related companies with MarketBeat.com's FREE daily email newsletter.