PayPal (NASDAQ:PYPL) Shares Up 1.6%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price traded up 1.6% during mid-day trading on Tuesday . The company traded as high as $64.40 and last traded at $64.22. 2,308,832 shares traded hands during trading, a decline of 86% from the average session volume of 16,306,054 shares. The stock had previously closed at $63.19.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Citigroup cut their price target on shares of PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Monness Crespi & Hardt cut their price target on shares of PayPal from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. UBS Group boosted their price objective on PayPal from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Oppenheimer reissued a “market perform” rating on shares of PayPal in a research report on Thursday, January 25th. Finally, JPMorgan Chase & Co. lowered their price objective on PayPal from $75.00 to $70.00 and set an “overweight” rating for the company in a research report on Thursday, February 8th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, PayPal presently has an average rating of “Hold” and an average price target of $70.47.

PayPal Trading Up 0.6 %

The firm has a market cap of $68.25 billion, a PE ratio of 16.89, a PEG ratio of 1.20 and a beta of 1.45. The business has a 50-day moving average price of $62.65 and a two-hundred day moving average price of $60.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29.

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

Insider Activity at PayPal

In related 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 transaction of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

A number of hedge funds have recently added to or reduced their stakes in PYPL. Norges Bank acquired a new stake in PayPal in the 4th quarter worth about $749,561,000. Nordea Investment Management AB boosted its stake in PayPal by 420.6% in the 3rd quarter. Nordea Investment Management AB now owns 3,238,980 shares of the credit services provider’s stock worth $190,371,000 after buying an additional 2,616,774 shares during the last quarter. FMR LLC boosted its stake in PayPal by 29.5% in the 3rd quarter. FMR LLC now owns 6,916,982 shares of the credit services provider’s stock worth $404,367,000 after buying an additional 1,575,930 shares during the last quarter. LSV Asset Management boosted its stake in PayPal by 271.6% in the 3rd quarter. LSV Asset Management now owns 1,533,300 shares of the credit services provider’s stock worth $89,637,000 after buying an additional 1,120,700 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in PayPal by 125.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock worth $105,882,000 after buying an additional 958,130 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.