PayPal (NASDAQ:PYPL) Trading Up 2.5%

PayPal Holdings, Inc. (NASDAQ:PYPL) shares shot up 2.5% during trading on Thursday . The company traded as high as $79.85 and last traded at $79.31. 4,207,126 shares changed hands during trading, a decline of 70% from the average session volume of 14,069,375 shares. The stock had previously closed at $77.36.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PYPL. StockNews.com lowered PayPal from a “buy” rating to a “hold” rating in a research note on Thursday, September 19th. Canaccord Genuity Group reissued a “buy” rating and set a $80.00 target price on shares of PayPal in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a report on Monday. Citigroup boosted their price objective on shares of PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Finally, Sanford C. Bernstein upgraded PayPal from a “market perform” rating to an “outperform” rating and raised their target price for the company from $71.00 to $78.00 in a research note on Wednesday, July 31st. Seventeen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus target price of $76.16.

PayPal Trading Up 3.1 %

The firm’s fifty day moving average price is $68.00 and its 200-day moving average price is $64.82. The company has a market cap of $81.50 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 1.11 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.24 and a quick ratio of 1.24.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.82 billion. During the same period in the previous year, the business posted $0.83 EPS. PayPal’s revenue was up 8.2% on a year-over-year basis. On average, equities analysts expect that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Gryphon Financial Partners LLC lifted its holdings in PayPal by 36.2% in the fourth quarter. Gryphon Financial Partners LLC now owns 9,659 shares of the credit services provider’s stock worth $593,000 after purchasing an additional 2,569 shares during the period. SageView Advisory Group LLC bought a new stake in shares of PayPal during the 4th quarter worth about $294,000. Mitchell Sinkler & Starr PA acquired a new stake in shares of PayPal in the 4th quarter worth approximately $244,000. TD Asset Management Inc boosted its holdings in shares of PayPal by 36.2% in the fourth quarter. TD Asset Management Inc now owns 649,999 shares of the credit services provider’s stock valued at $39,916,000 after acquiring an additional 172,786 shares in the last quarter. Finally, Focus Financial Network Inc. ADV acquired a new position in shares of PayPal during the fourth quarter valued at approximately $1,089,000. Institutional investors 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.