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

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) were up 0.4% on Friday . The company traded as high as $61.65 and last traded at $60.79. Approximately 3,171,010 shares traded hands during trading, a decline of 72% from the average daily volume of 11,432,543 shares. The stock had previously closed at $60.56.

Analyst Ratings Changes

A number of research firms have commented on PYPL. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Monness Crespi & Hardt dropped their target price on shares of PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday. Macquarie increased their price target on shares of PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Piper Sandler dropped their price objective on shares of PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Finally, Susquehanna increased their price objective on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Fifteen equities research 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.32.

PayPal Stock Up 3.3 %

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 company has a market capitalization of $61.86 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 1.27 and a beta of 1.60. The firm has a 50-day moving average price of $70.19 and a two-hundred day moving average price of $79.87.

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

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

Institutional Trading of PayPal

Large investors have recently added to or reduced their stakes in the company. Continuum Advisory LLC lifted its position in shares of PayPal by 285.8% in the third quarter. Continuum Advisory LLC now owns 760 shares of the credit services provider’s stock valued at $65,000 after buying an additional 563 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in PayPal by 17.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 14,407 shares of the credit services provider’s stock valued at $1,139,000 after acquiring an additional 2,178 shares during the period. Toronto Dominion Bank lifted its position in PayPal by 7.8% during the third quarter. Toronto Dominion Bank now owns 573,196 shares of the credit services provider’s stock worth $44,726,000 after acquiring an additional 41,345 shares during the last quarter. Sunbelt Securities Inc. grew its position in shares of PayPal by 10.6% in the third quarter. Sunbelt Securities Inc. now owns 22,480 shares of the credit services provider’s stock valued at $1,754,000 after purchasing an additional 2,146 shares during the last quarter. Finally, Virtue Capital Management LLC bought a new position in shares of PayPal during the third quarter worth approximately $202,000. 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.