PayPal (NASDAQ:PYPL) Trading 0.9% Higher

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) were up 0.9% during mid-day trading on Thursday . The company traded as high as $67.20 and last traded at $67.14. Approximately 2,480,424 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 18,204,070 shares. The stock had previously closed at $66.57.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PYPL. William Blair restated an “outperform” rating on shares of PayPal in a report on Thursday, February 8th. Citigroup lowered their price objective on shares of PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. BTIG Research restated a “neutral” rating on shares of PayPal in a research report on Friday, January 5th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, Monness Crespi & Hardt reduced their price objective on shares of PayPal from $95.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Twenty-three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, PayPal has an average rating of “Hold” and an average price target of $70.47.

PayPal Price Performance

The company has a market capitalization of $71.80 billion, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.51 and a beta of 1.44. The business has a 50-day moving average price of $61.32 and a two-hundred day moving average price of $59.36. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the company earned $1.01 EPS. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 3.95 EPS for the current year.

Insider Activity at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PayPal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in shares of PayPal in the fourth quarter valued at $25,000. Sutton Wealth Advisors Inc. lifted its position in PayPal by 115.0% in the third quarter. Sutton Wealth Advisors Inc. now owns 443 shares of the credit services provider’s stock worth $26,000 after buying an additional 237 shares during the last quarter. PCA Investment Advisory Services Inc. bought a new stake in PayPal in the second quarter worth $27,000. Main Street Group LTD bought a new stake in shares of PayPal during the fourth quarter worth $27,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of PayPal during the fourth quarter worth $29,000. 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.