PayPal (NASDAQ:PYPL) Stock Price Up 0.5%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price traded up 0.5% on Monday . The stock traded as high as $63.40 and last traded at $62.65. 2,372,463 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 16,392,545 shares. The stock had previously closed at $62.31.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PYPL. Morgan Stanley reissued an “equal weight” rating and issued a $66.00 price objective (down from $118.00) on shares of PayPal in a research note on Tuesday, January 9th. JPMorgan Chase & Co. dropped their price objective on shares of PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Thursday, February 8th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research note on Friday, January 5th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. Finally, DZ Bank downgraded PayPal from a “buy” rating to a “hold” rating and set a $60.00 price objective on the stock. in a research report on Friday, February 9th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $70.47.

PayPal Price Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The business’s 50-day moving average price is $62.53 and its two-hundred day moving average price is $60.04. The firm has a market cap of $67.82 billion, a price-to-earnings ratio of 16.78, a P/E/G ratio of 1.10 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the business posted $1.01 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. On average, research analysts forecast that PayPal Holdings, Inc. will post 4.02 EPS for the current fiscal year.

Insider Transactions at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the 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 sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On PayPal

Hedge funds have recently made changes to their positions in the business. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of PayPal in the 4th quarter worth $25,000. Sutton Wealth Advisors Inc. boosted its position in shares of PayPal by 115.0% in the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after buying an additional 237 shares during the period. American National Bank purchased a new position in shares of PayPal during the first quarter valued at $27,000. Private Wealth Management Group LLC acquired a new position in PayPal during the fourth quarter valued at $29,000. Finally, Register Financial Advisors LLC purchased a new stake in PayPal in the 1st quarter worth about $30,000. 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.