PayPal (NASDAQ:PYPL) Trading Up 2.4%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price was up 2.4% during trading on Thursday . The stock traded as high as $60.93 and last traded at $60.30. Approximately 5,566,147 shares changed hands during trading, a decline of 62% from the average daily volume of 14,705,845 shares. The stock had previously closed at $58.90.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of research analyst reports. Stephens raised their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 1st. BMO Capital Markets boosted their price target on PayPal from $64.00 to $65.00 and gave the company a “market perform” rating in a report on Wednesday, May 1st. Evercore ISI increased their price target on shares of PayPal from $65.00 to $70.00 and gave the stock an “in-line” rating in a report on Tuesday, June 25th. Susquehanna upgraded PayPal from a “neutral” rating to a “positive” rating and set a $71.00 price target on the stock in a research report on Tuesday, July 2nd. Finally, UBS Group boosted their price objective on PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a research report on Wednesday, May 1st. Twenty equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.82.

PayPal Stock Up 1.9 %

The business has a 50-day moving average of $62.16 and a 200-day moving average of $62.27. 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 stock has a market capitalization of $62.75 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 0.97 and a beta of 1.42.

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 analysts’ consensus estimates of $1.22 by ($0.14). The company had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. PayPal’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the firm posted $0.86 earnings per share. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

Insider Activity at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $61.65, for a total transaction of $272,616.30. Following the sale, the director now owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by company insiders.

Institutional Trading of PayPal

A number of large investors have recently modified their holdings of PYPL. Pittenger & Anderson Inc. increased its holdings in PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 172 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PayPal in the fourth quarter valued at approximately $25,000. American National Bank acquired a new stake in PayPal in the first quarter valued at approximately $27,000. Register Financial Advisors LLC acquired a new position in PayPal during the 1st quarter worth approximately $30,000. Finally, CarsonAllaria Wealth Management Ltd. increased its position in shares of PayPal by 65.8% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 466 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 185 shares during the last quarter. 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.