PayPal (NASDAQ:PYPL) Trading 1.5% Higher – Should You Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price was up 1.5% during trading on Tuesday . The company traded as high as $79.32 and last traded at $79.29. Approximately 1,878,383 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 13,585,895 shares. The stock had previously closed at $78.13.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PYPL. Royal Bank of Canada lifted their target price on PayPal from $84.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets lifted their price objective on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. UBS Group increased their target price on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Sunday. Finally, TD Cowen raised their price objective on shares of PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Fifteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $83.45.

PayPal Trading Up 2.7 %

The company has a 50 day moving average of $77.00 and a two-hundred day moving average of $68.05. The stock has a market capitalization of $81.62 billion, a PE ratio of 19.43, a P/E/G ratio of 1.39 and a beta of 1.43. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter last year, the company posted $0.97 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts predict that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

Institutional Trading of PayPal

Large investors have recently made changes to their positions in the business. Central Pacific Bank Trust Division purchased a new position in PayPal during the first quarter valued at approximately $176,000. GSA Capital Partners LLP lifted its stake in shares of PayPal by 12.3% in the 1st quarter. GSA Capital Partners LLP now owns 13,341 shares of the credit services provider’s stock valued at $894,000 after purchasing an additional 1,465 shares during the period. Advisory Services Network LLC boosted its holdings in PayPal by 0.9% during the first quarter. Advisory Services Network LLC now owns 97,012 shares of the credit services provider’s stock worth $6,499,000 after buying an additional 829 shares in the last quarter. Empirical Finance LLC grew its position in PayPal by 3.3% during the first quarter. Empirical Finance LLC now owns 40,890 shares of the credit services provider’s stock valued at $2,739,000 after buying an additional 1,294 shares during the period. Finally, LSV Asset Management increased its holdings in PayPal by 17.3% in the first quarter. LSV Asset Management now owns 2,480,900 shares of the credit services provider’s stock valued at $166,195,000 after buying an additional 365,300 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.