PayPal (NASDAQ:PYPL) Trading Up 2.5%

PayPal Holdings, Inc. (NASDAQ:PYPL) traded up 2.5% on Tuesday . The stock traded as high as $65.19 and last traded at $65.07. 2,244,817 shares traded hands during trading, a decline of 85% from the average session volume of 14,520,845 shares. The stock had previously closed at $63.46.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PYPL shares. Mizuho upgraded PayPal from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $68.00 to $90.00 in a report on Thursday, May 30th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $69.00 price target on shares of PayPal in a research note on Monday, June 24th. Daiwa Capital Markets raised shares of PayPal from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $68.00 to $72.00 in a research note on Friday. Barclays upped their price objective on shares of PayPal from $81.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Finally, TD Cowen lifted their target price on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Seventeen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $75.25.

PayPal Stock Performance

The company has a market cap of $68.11 billion, a PE ratio of 16.39, a P/E/G ratio of 0.89 and a beta of 1.42. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47. The business’s fifty day moving average is $61.11 and its 200-day moving average is $62.25.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 EPS. As a group, research analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current fiscal year.

Insider Activity

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $861,620.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On PayPal

A number of institutional investors and hedge funds have recently bought and sold shares of PYPL. Sapient Capital LLC bought a new stake in PayPal during the 4th quarter valued at approximately $806,000. Fiduciary Alliance LLC grew its holdings in PayPal by 604.7% during the 1st quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock valued at $3,452,000 after buying an additional 45,544 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of PayPal by 44.6% during the first quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock valued at $83,000 after buying an additional 381 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of PayPal by 18.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 234,147 shares of the credit services provider’s stock worth $15,686,000 after buying an additional 36,994 shares in the last quarter. Finally, Brown Shipley& Co Ltd boosted its position in shares of PayPal by 6.0% during the fourth quarter. Brown Shipley& Co Ltd now owns 51,372 shares of the credit services provider’s stock worth $3,155,000 after acquiring an additional 2,919 shares during the last quarter. 68.32% of the stock is owned by 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.