PayPal (NASDAQ:PYPL) Shares Up 0.1% – What’s Next?

PayPal Holdings, Inc. (NASDAQ:PYPL) shares were up 0.1% on Tuesday . The company traded as high as $68.95 and last traded at $68.20. Approximately 2,827,064 shares changed hands during trading, a decline of 77% from the average daily volume of 12,178,110 shares. The stock had previously closed at $68.16.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, February 26th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and upped their target price for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Barclays lifted their price target on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Royal Bank of Canada reissued an “outperform” rating and set a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Finally, Piper Sandler reduced their target price on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Fourteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.03.

PayPal Price Performance

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 firm has a market cap of $67.47 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. The stock has a 50 day moving average price of $81.40 and a two-hundred day moving average price of $81.11.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 EPS. As a group, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction that occurred 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 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 Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Audent Global Asset Management LLC boosted its holdings in PayPal by 164.6% in the fourth quarter. Audent Global Asset Management LLC now owns 37,942 shares of the credit services provider’s stock valued at $3,238,000 after purchasing an additional 23,604 shares during the last quarter. GHE LLC boosted its stake in shares of PayPal by 4.7% in the fourth quarter. GHE LLC now owns 28,214 shares of the credit services provider’s stock worth $2,408,000 after buying an additional 1,258 shares during the last quarter. Fluent Financial LLC grew its holdings in PayPal by 178.1% during the fourth quarter. Fluent Financial LLC now owns 18,885 shares of the credit services provider’s stock worth $1,612,000 after acquiring an additional 12,095 shares during the period. Cim LLC raised its position in PayPal by 0.3% during the fourth quarter. Cim LLC now owns 98,809 shares of the credit services provider’s stock valued at $8,433,000 after acquiring an additional 296 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. acquired a new position in PayPal in the fourth quarter valued at approximately $1,001,000. Institutional investors and hedge funds 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.