PayPal (NASDAQ:PYPL) Trading Up 0.4% – Still a Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price rose 0.4% during trading on Monday . The stock traded as high as $69.27 and last traded at $69.25. Approximately 1,868,852 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 12,049,593 shares. The stock had previously closed at $68.95.

Analysts Set New Price Targets

PYPL has been the topic of several research analyst reports. Barclays increased their price objective on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Macquarie raised their price objective on shares of PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Piper Sandler decreased their target price on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Robert W. Baird lowered their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and an average price target of $90.03.

PayPal Stock Performance

The company’s 50 day moving average is $79.18 and its 200 day moving average is $80.97. The firm has a market cap of $68.14 billion, a P/E ratio of 17.18, a P/E/G ratio of 1.27 and a beta of 1.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

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

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal 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 sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On PayPal

Large investors have recently modified their holdings of the business. United Bank increased its stake in shares of PayPal by 9.7% in the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock valued at $698,000 after buying an additional 794 shares during the period. OneDigital Investment Advisors LLC increased its position in PayPal by 12.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 13,862 shares of the credit services provider’s stock valued at $1,082,000 after purchasing an additional 1,555 shares during the period. TrinityPoint Wealth LLC raised its holdings in PayPal by 10.1% during the 3rd quarter. TrinityPoint Wealth LLC now owns 4,504 shares of the credit services provider’s stock worth $351,000 after purchasing an additional 415 shares during the last quarter. AMG National Trust Bank lifted its position in shares of PayPal by 84.0% in the 3rd quarter. AMG National Trust Bank now owns 6,620 shares of the credit services provider’s stock worth $517,000 after purchasing an additional 3,023 shares during the period. Finally, GLOBALT Investments LLC GA boosted its stake in shares of PayPal by 5.2% in the 3rd quarter. GLOBALT Investments LLC GA now owns 6,405 shares of the credit services provider’s stock valued at $500,000 after purchasing an additional 318 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

About PayPal

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.