PayPal (NASDAQ:PYPL) Stock Price Up 1.3% – Time to Buy?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) were up 1.3% during trading on Tuesday . The stock traded as high as $65.95 and last traded at $66.10. Approximately 2,388,588 shares traded hands during trading, a decline of 79% from the average daily volume of 11,192,391 shares. The stock had previously closed at $65.25.

Analysts Set New Price Targets

A number of brokerages recently commented on PYPL. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Robert W. Baird reduced their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Finally, Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research report on Friday, December 13th. Sixteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.13.

PayPal Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $66.43 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.27 and a beta of 1.52. The business has a fifty day simple moving average of $74.82 and a 200-day simple moving average of $80.74.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the firm posted $1.48 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. As a group, equities analysts forecast 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 the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On PayPal

Hedge funds have recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal in the 4th quarter worth about $25,000. Hurley Capital LLC acquired a new stake in PayPal during the fourth quarter worth approximately $27,000. Rosenberg Matthew Hamilton increased its stake in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 125 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal in the 3rd quarter valued at about $26,000. Finally, Sugarloaf Wealth Management LLC raised its stake in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares during the period. 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.