PayPal (NASDAQ:PYPL) Trading 0.1% Higher

PayPal Holdings, Inc. (NASDAQ:PYPL) shot up 0.1% during trading on Friday . The company traded as high as $58.76 and last traded at $58.45. 2,507,440 shares were traded during mid-day trading, a decline of 83% from the average session volume of 14,827,640 shares. The stock had previously closed at $58.37.

Analyst Ratings Changes

A number of analysts recently weighed in on PYPL shares. Wells Fargo & Company raised their target price on shares of PayPal from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 1st. Monness Crespi & Hardt lifted their target price on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Robert W. Baird upped their target price on PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $78.00 price target on shares of PayPal in a research note on Thursday, June 13th. Finally, Stephens upped their price objective on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Twenty-one analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $73.64.

PayPal Price Performance

The company’s 50-day simple moving average is $63.18 and its 200 day simple moving average is $62.43. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $60.70 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 0.95 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The company had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period in the prior year, the company posted $0.86 EPS. The business’s revenue was up 9.4% on a year-over-year basis. Equities research analysts forecast that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction on Friday, May 24th. The shares were sold at an average price of $61.65, for a total value of $272,616.30. Following the transaction, the director now owns 13,976 shares in the company, valued at approximately $861,620.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Morgan Stanley increased its position in PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after acquiring an additional 873,181 shares during the period. Norges Bank bought a new position in shares of PayPal during the 4th quarter worth about $749,561,000. Charles Schwab Investment Management Inc. raised its position in shares of PayPal by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock valued at $428,449,000 after buying an additional 265,116 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of PayPal by 15.8% in the first quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock valued at $445,103,000 after buying an additional 904,804 shares during the period. Finally, First Trust Advisors LP grew its position in PayPal by 1.7% during the fourth quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock worth $225,283,000 after buying an additional 61,384 shares in the last quarter. 68.32% of the stock is currently 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.