PayPal (NASDAQ:PYPL) Trading Down 0.2%

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report)’s stock price fell 0.2% during mid-day trading on Tuesday . The stock traded as low as $58.97 and last traded at $59.39. 1,859,644 shares traded hands during trading, a decline of 88% from the average session volume of 14,914,381 shares. The stock had previously closed at $59.49.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PYPL shares. The Goldman Sachs Group restated a “neutral” rating and issued a $69.00 target price on shares of PayPal in a research note on Monday. Citigroup increased their price objective on PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, June 10th. Monness Crespi & Hardt lifted their target price on shares of PayPal from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, April 29th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. Finally, Stephens lifted their price objective on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Twenty-one equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, PayPal currently has an average rating of “Hold” and an average target price of $73.64.

Get Our Latest Research Report on PayPal

PayPal Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28. The business’s 50 day simple moving average is $63.52 and its 200 day simple moving average is $62.46. The stock has a market cap of $61.95 billion, a P/E ratio of 14.97, a PEG ratio of 0.99 and a beta of 1.43.

PayPal (NASDAQ:PYPLGet Free Report) last posted its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The company had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the business earned $0.86 EPS. PayPal’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, analysts expect that PayPal Holdings, Inc. will post 4.14 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction on Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the transaction, the director now owns 13,976 shares in the company, valued at approximately $861,620.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PayPal

Institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in PayPal in the fourth quarter valued at about $749,561,000. The Manufacturers Life Insurance Company boosted its stake in shares of PayPal by 125.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,724,188 shares of the credit services provider’s stock valued at $105,882,000 after purchasing an additional 958,130 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of PayPal by 15.8% during the 1st quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock worth $445,103,000 after buying an additional 904,804 shares during the period. Morgan Stanley raised its stake in shares of PayPal by 4.5% during the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after buying an additional 873,181 shares during the last quarter. Finally, Boston Partners boosted its stake in PayPal by 4,024.5% in the fourth quarter. Boston Partners now owns 783,248 shares of the credit services provider’s stock valued at $48,099,000 after acquiring an additional 764,258 shares during the last quarter. 68.32% of the stock is owned by institutional investors.

About PayPal

(Get Free Report)

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.

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