PayPal (NASDAQ:PYPL) Trading Up 1.1%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price traded up 1.1% during trading on Thursday . The company traded as high as $60.01 and last traded at $59.64. 6,908,317 shares were traded during trading, a decline of 48% from the average session volume of 13,210,254 shares. The stock had previously closed at $58.97.

Analyst Ratings Changes

PYPL has been the subject of a number of recent research reports. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $78.00 price objective on shares of PayPal in a report on Thursday, June 13th. Wells Fargo & Company increased their price target on PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 1st. Monness Crespi & Hardt lifted their price objective on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. New Street Research started coverage on shares of PayPal in a research report on Friday, May 31st. They set a “buy” rating and a $80.00 target price for the company. Finally, Susquehanna upgraded shares of PayPal from a “neutral” rating to a “positive” rating and set a $71.00 price target for the company in a report on Tuesday. Twenty investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, PayPal currently has an average rating of “Hold” and an average price target of $73.82.

PayPal Price Performance

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 business has a 50 day simple moving average of $62.86 and a 200-day simple moving average of $62.37. The firm has a market cap of $62.39 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 0.96 and a beta of 1.42.

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

Insider Transactions at PayPal

In related news, Director Deborah M. Messemer sold 4,422 shares of the firm’s 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 transaction, the director now directly owns 13,976 shares of the company’s stock, valued at $861,620.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PYPL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of PayPal in the 4th quarter worth about $25,000. Pittenger & Anderson Inc. raised its position in PayPal by 77.5% in the first quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares during the period. American National Bank purchased a new position in PayPal in the first quarter valued at about $27,000. Private Wealth Management Group LLC bought a new position in shares of PayPal during the 4th quarter valued at approximately $29,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of PayPal during the 1st quarter worth approximately $30,000. 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.