PayPal (NASDAQ:PYPL) Stock Price Up 1.8%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price rose 1.8% during trading on Tuesday . The stock traded as high as $59.26 and last traded at $58.84. Approximately 4,016,254 shares were traded during trading, a decline of 73% from the average daily volume of 14,926,534 shares. The stock had previously closed at $57.81.

Analyst Ratings Changes

PYPL has been the topic of several analyst reports. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $78.00 price target on shares of PayPal in a report on Thursday, June 13th. Robert W. Baird upped their price target on shares of PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. BMO Capital Markets upped their price target on shares of PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a report on Wednesday, May 1st. Evercore ISI boosted their price objective on shares of PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Finally, Sanford C. Bernstein boosted their price objective on shares of PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a research report on Thursday, April 18th. Twenty analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, PayPal presently has an average rating of “Hold” and a consensus price target of $73.82.

PayPal Price Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $62.39 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42. The stock’s 50 day simple moving average is $62.96 and its 200-day simple moving average is $62.39.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (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 quarter in the previous year, the company posted $0.86 EPS. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.14 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $61.65, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

Institutional Trading of PayPal

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pittenger & Anderson Inc. increased its stake in shares of PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of PayPal in the fourth quarter worth $25,000. American National Bank acquired a new stake in shares of PayPal in the first quarter worth $27,000. Register Financial Advisors LLC acquired a new stake in PayPal during the first quarter valued at $30,000. Finally, CarsonAllaria Wealth Management Ltd. grew its position in PayPal by 65.8% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after buying an additional 185 shares during the period. 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.