PayPal (NASDAQ:PYPL) Stock Price Up 0.2%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price rose 0.2% during trading on Wednesday . The stock traded as high as $65.09 and last traded at $64.57. Approximately 2,314,079 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 16,228,467 shares. The stock had previously closed at $64.43.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Stephens restated an “equal weight” rating and set a $70.00 price target on shares of PayPal in a research report on Thursday, February 8th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Susquehanna lifted their target price on shares of PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. JMP Securities lifted their price objective on PayPal from $68.00 to $70.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price target on shares of PayPal in a research note on Thursday, March 21st. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $70.47.

PayPal Trading Up 0.6 %

The stock has a market capitalization of $68.25 billion, a price-to-earnings ratio of 16.82, a PEG ratio of 1.10 and a beta of 1.45. The firm has a 50-day moving average of $62.53 and a 200 day moving average of $60.04. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46.

PayPal (NASDAQ:PYPL) last announced its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The firm had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. PayPal’s revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.01 EPS. As a group, equities analysts predict that PayPal Holdings, Inc. will post 4.02 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Institutional Trading of PayPal

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SOL Capital Management CO raised its stake in PayPal by 4.3% during the 1st quarter. SOL Capital Management CO now owns 28,123 shares of the credit services provider’s stock valued at $1,884,000 after purchasing an additional 1,157 shares during the period. Simplicity Wealth LLC lifted its holdings in shares of PayPal by 274.8% during the 1st quarter. Simplicity Wealth LLC now owns 14,675 shares of the credit services provider’s stock valued at $983,000 after buying an additional 10,760 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of PayPal by 14.2% in the 1st quarter. Global Retirement Partners LLC now owns 4,639 shares of the credit services provider’s stock valued at $311,000 after buying an additional 577 shares in the last quarter. United Asset Strategies Inc. raised its position in PayPal by 26.2% during the first quarter. United Asset Strategies Inc. now owns 35,718 shares of the credit services provider’s stock valued at $2,393,000 after acquiring an additional 7,415 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in PayPal by 40.8% in the first quarter. Venturi Wealth Management LLC now owns 2,255 shares of the credit services provider’s stock valued at $151,000 after acquiring an additional 653 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

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.