PayPal (NASDAQ:PYPL) Trading Up 3.3% – Should You Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL) shares traded up 3.3% during trading on Monday . The company traded as high as $93.25 and last traded at $91.81. 16,468,435 shares changed hands during trading, an increase of 151% from the average session volume of 6,562,702 shares. The stock had previously closed at $88.92.

Wall Street Analyst Weigh In

PYPL has been the topic of several analyst reports. Phillip Securities reiterated an “accumulate” rating and issued a $90.00 price objective (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. Robert W. Baird increased their price objective on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Stephens lifted their price objective on PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and increased their target price for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.32.

PayPal Price Performance

The company has a 50 day moving average of $87.40 and a 200 day moving average of $76.97. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market cap of $92.04 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 1.42 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm posted $0.97 earnings per share. PayPal’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Hedge Funds Weigh In On PayPal

A number of large investors have recently added to or reduced their stakes in PYPL. New Century Financial Group LLC acquired a new stake in PayPal in the 4th quarter valued at $274,000. FCG Investment Co raised its position in shares of PayPal by 8.6% in the fourth quarter. FCG Investment Co now owns 15,019 shares of the credit services provider’s stock valued at $1,282,000 after purchasing an additional 1,190 shares during the period. Secure Asset Management LLC acquired a new stake in PayPal during the fourth quarter worth approximately $257,000. Red Door Wealth Management LLC lifted its holdings in PayPal by 6.4% during the 4th quarter. Red Door Wealth Management LLC now owns 48,089 shares of the credit services provider’s stock worth $4,104,000 after purchasing an additional 2,872 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its stake in PayPal by 5.6% in the 4th quarter. Avior Wealth Management LLC now owns 24,928 shares of the credit services provider’s stock valued at $2,128,000 after purchasing an additional 1,321 shares during the period. Institutional investors own 68.32% of the company’s stock.

About PayPal

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.