PayPal (NASDAQ:PYPL) Trading 0.7% Higher – What’s Next?

PayPal Holdings, Inc. (NASDAQ:PYPL) shot up 0.7% during mid-day trading on Wednesday . The stock traded as high as $69.80 and last traded at $69.33. 1,303,891 shares changed hands during trading, a decline of 88% from the average session volume of 10,913,772 shares. The stock had previously closed at $68.88.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PYPL shares. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. BTIG Research restated a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Macquarie boosted their target price on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 price objective on shares of PayPal in a research note on Thursday, December 12th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Stock Down 1.4 %

The firm has a market cap of $68.25 billion, a P/E ratio of 17.37, a PEG ratio of 1.27 and a beta of 1.52. The firm’s 50-day moving average price is $78.46 and its 200 day moving average price is $80.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

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

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the completion of the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On PayPal

Large investors have recently bought and sold shares of the business. United Bank increased its position in PayPal by 9.7% in the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock worth $698,000 after buying an additional 794 shares during the period. Pathstone Holdings LLC increased its holdings in shares of PayPal by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 100,855 shares of the credit services provider’s stock worth $7,870,000 after acquiring an additional 767 shares during the period. Meeder Asset Management Inc. lifted its position in PayPal by 436.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,630 shares of the credit services provider’s stock valued at $127,000 after purchasing an additional 1,326 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in PayPal during the 3rd quarter valued at about $4,250,000. Finally, Prospera Private Wealth LLC bought a new position in PayPal in the 3rd quarter worth about $235,000. 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.