PayPal (NASDAQ:PYPL) Stock Price Up 0.9% Following Analyst Upgrade

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) traded up 0.9% during trading on Monday after Keefe, Bruyette & Woods raised their price target on the stock from $92.00 to $104.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. PayPal traded as high as $90.04 and last traded at $89.88. 6,955,544 shares were traded during trading, a decline of 18% from the average session volume of 8,477,434 shares. The stock had previously closed at $89.05.

Other research analysts have also recently issued reports about the company. Morgan Stanley raised their price objective on PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Phillip Securities reissued an “accumulate” rating and issued a $90.00 price target (up previously from $80.00) on shares of PayPal in a report on Friday, November 1st. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Piper Sandler reissued a “neutral” rating and issued a $88.00 price target on shares of PayPal in a research note on Friday, November 22nd. Finally, Robert W. Baird raised their price objective on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $85.70.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal during the 3rd quarter worth approximately $26,000. Family Firm Inc. purchased a new position in shares of PayPal during the 2nd quarter valued at $29,000. SYSTM Wealth Solutions LLC lifted its stake in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares in the last quarter. Tortoise Investment Management LLC increased its stake in PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after buying an additional 465 shares in the last quarter. Finally, Planning Capital Management Corp raised its holdings in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Up 0.1 %

The firm has a market capitalization of $90.23 billion, a PE ratio of 21.48, a P/E/G ratio of 1.64 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50-day moving average price of $82.90 and a 200 day moving average price of $71.58.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the firm earned $0.97 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

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.