PayPal (NASDAQ:PYPL) Trading Up 1.6%

PayPal Holdings, Inc. (NASDAQ:PYPL) rose 1.6% during mid-day trading on Friday . The stock traded as high as $65.56 and last traded at $65.14. Approximately 3,026,410 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 16,079,665 shares. The stock had previously closed at $64.10.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PYPL shares. William Blair reaffirmed an “outperform” rating on shares of PayPal in a research note on Thursday, February 8th. Citigroup reduced their price objective on shares of PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Oppenheimer reaffirmed a “market perform” rating on shares of PayPal in a research note on Thursday, January 25th. Monness Crespi & Hardt reduced their price objective on shares of PayPal from $95.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, Sanford C. Bernstein increased their target price on shares of PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research note on Thursday, April 18th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $70.47.

PayPal Trading Up 2.9 %

The firm’s 50 day moving average is $62.73 and its 200 day moving average is $60.10. The company has a market cap of $69.43 billion, a PE ratio of 16.96, a PEG ratio of 1.21 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The business had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the company earned $1.01 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 4.02 earnings per share for the current year.

Insiders Place Their Bets

In other PayPal news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On PayPal

A number of institutional investors have recently made changes to their positions in PYPL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of PayPal in the 4th quarter valued at $25,000. Sutton Wealth Advisors Inc. raised its holdings in PayPal by 115.0% during the 3rd quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock valued at $26,000 after buying an additional 237 shares during the last quarter. American National Bank bought a new stake in PayPal during the 1st quarter valued at $27,000. Private Wealth Management Group LLC bought a new stake in PayPal during the 4th quarter valued at $29,000. Finally, Register Financial Advisors LLC bought a new stake in PayPal during the 1st quarter valued at $30,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

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.