PayPal (NASDAQ:PYPL) Trading 0.7% Higher – Here’s What Happened

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price shot up 0.7% on Tuesday . The stock traded as high as $71.66 and last traded at $71.48. 1,364,206 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 10,911,865 shares. The stock had previously closed at $70.97.

Analyst Ratings Changes

A number of research firms have commented on PYPL. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a report on Friday, December 13th. JPMorgan Chase & Co. restated an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Robert W. Baird lowered their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Barclays upped their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Finally, Macquarie raised their target price on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and an average price target of $90.03.

PayPal Stock Performance

The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $68.27 billion, a PE ratio of 17.22, a P/E/G ratio of 1.27 and a beta of 1.52. The firm has a fifty day moving average price of $77.21 and a two-hundred day moving average price of $80.85.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the company earned $1.48 earnings per share. Research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insiders Place Their Bets

In other 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 value of $176,478.90. Following the transaction, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by company insiders.

Hedge Funds Weigh In On PayPal

Hedge funds have recently modified their holdings of the stock. Mpwm Advisory Solutions LLC acquired a new stake in PayPal in the fourth quarter valued at approximately $25,000. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal during the third quarter worth $26,000. Rosenberg Matthew Hamilton lifted its holdings in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of PayPal in the fourth quarter valued at about $27,000. Finally, Sugarloaf Wealth Management LLC increased its stake in shares of PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares in the last quarter. Institutional investors and hedge funds 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.