PayPal (NASDAQ:PYPL) Trading 0.5% Higher

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price rose 0.5% on Monday . The stock traded as high as $63.40 and last traded at $62.65. Approximately 2,372,463 shares were traded during trading, a decline of 86% from the average daily volume of 16,392,545 shares. The stock had previously closed at $62.31.

Analyst Ratings Changes

PYPL has been the topic of a number of recent research reports. DZ Bank cut PayPal from a “buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a report on Friday, February 9th. Wedbush reaffirmed an “outperform” rating and set a $85.00 price objective on shares of PayPal in a research report on Thursday, February 8th. Citigroup cut their price objective on PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price target on shares of PayPal in a report on Thursday, March 21st. Finally, Argus cut shares of PayPal from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Hold” and an average price target of $70.47.

PayPal Stock Performance

The firm has a market capitalization of $67.82 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 1.10 and a beta of 1.45. The firm’s 50 day simple moving average is $62.53 and its 200 day simple moving average is $60.04. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29.

PayPal (NASDAQ:PYPL) last posted its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.01 earnings per share. Sell-side analysts forecast that PayPal Holdings, Inc. will post 4.02 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

Hedge Funds Weigh In On PayPal

A number of institutional investors and hedge funds have recently bought and sold shares of PYPL. Hartford Financial Management Inc. increased its position in PayPal by 18.8% during the fourth quarter. Hartford Financial Management Inc. now owns 1,032 shares of the credit services provider’s stock worth $63,000 after purchasing an additional 163 shares during the last quarter. Pine Haven Investment Counsel Inc increased its stake in PayPal by 3.7% during the fourth quarter. Pine Haven Investment Counsel Inc now owns 4,705 shares of the credit services provider’s stock worth $289,000 after acquiring an additional 170 shares during the last quarter. Brooks Moore & Associates Inc. raised its position in PayPal by 1.3% in the third quarter. Brooks Moore & Associates Inc. now owns 14,391 shares of the credit services provider’s stock valued at $841,000 after purchasing an additional 180 shares during the period. Waldron Private Wealth LLC grew its holdings in shares of PayPal by 1.9% during the 4th quarter. Waldron Private Wealth LLC now owns 9,619 shares of the credit services provider’s stock worth $590,000 after purchasing an additional 182 shares during the period. Finally, Indiana Trust & Investment Management CO increased its position in shares of PayPal by 18.6% during the 1st quarter. Indiana Trust & Investment Management CO now owns 1,175 shares of the credit services provider’s stock worth $79,000 after purchasing an additional 184 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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.