PayPal (NASDAQ:PYPL) Stock Price Up 0.6% – Here’s Why

PayPal Holdings, Inc. (NASDAQ:PYPL) rose 0.6% on Tuesday . The company traded as high as $78.67 and last traded at $78.44. Approximately 3,479,354 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 11,245,945 shares. The stock had previously closed at $77.97.

Analyst Upgrades and Downgrades

PYPL has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their price target on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a report on Friday, December 13th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Barclays raised their price target on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Finally, UBS Group upped their price objective on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Thirteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.52.

PayPal Stock Down 0.9 %

The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market cap of $76.79 billion, a P/E ratio of 19.36, a P/E/G ratio of 1.29 and a beta of 1.44. The business’s 50 day moving average is $85.73 and its 200 day moving average is $80.55.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the prior year, the company posted $1.48 earnings per share. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PayPal

Large investors have recently modified their holdings of the business. Mpwm Advisory Solutions LLC purchased a new stake in PayPal during the 4th quarter worth approximately $25,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of PayPal in the third quarter worth about $26,000. Rosenberg Matthew Hamilton boosted its position in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares in the last quarter. Hurley Capital LLC acquired a new stake in PayPal in the 4th quarter valued at $27,000. Finally, Sugarloaf Wealth Management LLC grew its position in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Hedge funds and other 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.