PayPal (NASDAQ:PYPL) Trading Up 0.1%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price was up 0.1% on Monday . The company traded as high as $65.47 and last traded at $64.66. Approximately 2,145,571 shares changed hands during trading, a decline of 87% from the average daily volume of 16,818,535 shares. The stock had previously closed at $64.59.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PYPL shares. William Blair reaffirmed an “outperform” rating on shares of PayPal in a research report on Thursday, February 8th. Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price objective on shares of PayPal in a report on Thursday, March 21st. JPMorgan Chase & Co. cut their price objective on PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday, February 8th. DZ Bank downgraded PayPal from a “buy” rating to a “hold” rating and set a $60.00 price objective for the company. in a report on Friday, February 9th. Finally, UBS Group increased their price objective on PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, PayPal currently has an average rating of “Hold” and an average target price of $70.47.

PayPal Stock Performance

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 stock has a fifty day simple moving average of $62.15 and a two-hundred day simple moving average of $59.86. The stock has a market capitalization of $66.77 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 1.44 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last issued its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating the consensus estimate 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 return on equity of 20.84% and a net margin of 14.26%. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $1.01 EPS. Analysts forecast that PayPal Holdings, Inc. will post 3.93 earnings per share for the current fiscal year.

Insider Activity at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the firm’s 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 transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

Hedge Funds Weigh In On PayPal

Hedge funds have recently modified their holdings of the company. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of PayPal during the 4th quarter worth approximately $25,000. Sutton Wealth Advisors Inc. raised its holdings in shares of PayPal by 115.0% in the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 237 shares during the period. American National Bank bought a new stake in shares of PayPal in the 1st quarter worth approximately $27,000. PCA Investment Advisory Services Inc. bought a new stake in shares of PayPal in the 2nd quarter worth approximately $27,000. Finally, Main Street Group LTD bought a new stake in shares of PayPal in the 4th quarter worth approximately $27,000. 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.