PayPal (NASDAQ:PYPL) Shares Up 0.4% – Here’s Why

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price traded up 0.4% during mid-day trading on Monday . The stock traded as high as $61.48 and last traded at $58.63. 6,873,113 shares were traded during mid-day trading, a decline of 39% from the average session volume of 11,302,150 shares. The stock had previously closed at $58.37.

Wall Street Analysts Forecast Growth

PYPL has been the topic of a number of research analyst reports. Monness Crespi & Hardt dropped their target price on shares of PayPal from $120.00 to $90.00 and set a “buy” rating on the stock in a research note on Tuesday. BTIG Research reissued a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods dropped their target price on PayPal from $104.00 to $85.00 and set an “outperform” rating on the stock in a research note on Monday, March 31st. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target on the stock in a research note on Friday, December 13th. Finally, Macquarie raised their price objective on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Fifteen equities 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.32.

PayPal Stock Performance

The company has a market cap of $63.26 billion, a price-to-earnings ratio of 15.95, a P/E/G ratio of 1.27 and a beta of 1.60. The stock’s fifty day simple moving average is $71.77 and its 200 day simple moving average is $80.20. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48.

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

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Mpwm Advisory Solutions LLC acquired a new position in shares of PayPal in the 4th quarter worth approximately $25,000. Hurley Capital LLC acquired a new position in PayPal during the fourth quarter worth $27,000. Rosenberg Matthew Hamilton grew its stake in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after buying an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the period. Finally, Bernard Wealth Management Corp. acquired a new position in PayPal during the 4th quarter worth about $34,000. 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.