PayPal (NASDAQ:PYPL) Trading 0.4% Higher

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price was up 0.4% on Friday . The stock traded as high as $60.47 and last traded at $60.04. Approximately 3,828,187 shares traded hands during trading, a decline of 74% from the average daily volume of 14,933,252 shares. The stock had previously closed at $59.80.

Analyst Ratings Changes

Several brokerages have recently issued reports on PYPL. TD Cowen increased their target price on PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Tuesday, April 30th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. New Street Research initiated coverage on shares of PayPal in a report on Friday, May 31st. They issued a “buy” rating and a $80.00 price objective on the stock. Finally, Evercore ISI lifted their target price on shares of PayPal from $60.00 to $65.00 and gave the company an “in-line” rating in a report on Wednesday, May 1st. Twenty research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, PayPal currently has a consensus rating of “Hold” and an average target price of $73.82.

PayPal Stock Performance

The business’s 50-day moving average price is $63.60 and its 200-day moving average price is $62.44. The stock has a market cap of $63.40 billion, a P/E ratio of 15.27, a P/E/G ratio of 0.98 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.28 and a current ratio of 1.28.

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

Insider Transactions at PayPal

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 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PYPL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of PayPal in the fourth quarter worth $25,000. Pittenger & Anderson Inc. increased its holdings in PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. American National Bank purchased a new stake in PayPal in the 1st quarter worth $27,000. Private Wealth Management Group LLC bought a new position in shares of PayPal during the 4th quarter valued at about $29,000. Finally, Register Financial Advisors LLC bought a new position in shares of PayPal during the 1st quarter valued at about $30,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.