PayPal (NASDAQ:PYPL) Stock Price Up 1.2% – What’s Next?

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report)’s share price rose 1.2% during mid-day trading on Friday . The stock traded as high as $45.25 and last traded at $44.90. Approximately 13,937,828 shares traded hands during trading, a decline of 45% from the average daily volume of 25,376,176 shares. The stock had previously closed at $44.36.

Key Stories Impacting PayPal

Here are the key news stories impacting PayPal this week:

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of PayPal from $75.00 to $65.00 and set a “hold” rating on the stock in a research report on Friday, December 5th. UBS Group reaffirmed a “neutral” rating and issued a $44.00 target price on shares of PayPal in a research note on Wednesday, February 4th. Cantor Fitzgerald cut their target price on shares of PayPal from $60.00 to $42.00 and set a “neutral” rating on the stock in a report on Monday, February 9th. Monness Crespi & Hardt cut shares of PayPal from a “buy” rating to a “neutral” rating in a research report on Monday, January 5th. Finally, Wall Street Zen lowered shares of PayPal from a “buy” rating to a “hold” rating in a report on Sunday, January 18th. Eight research analysts have rated the stock with a Buy rating, thirty-one have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, PayPal presently has an average rating of “Hold” and an average price target of $59.03.

Read Our Latest Analysis on PayPal

PayPal Trading Up 1.2%

The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $41.34 billion, a P/E ratio of 8.30, a PEG ratio of 1.34 and a beta of 1.43. The business has a 50 day moving average of $48.91 and a 200-day moving average of $59.75.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The credit services provider reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.06). The company had revenue of $8.68 billion during the quarter, compared to the consensus estimate of $8.82 billion. PayPal had a net margin of 15.77% and a return on equity of 25.42%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 EPS. Analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

PayPal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Wednesday, March 4th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, March 4th. PayPal’s payout ratio is currently 10.35%.

Insider Buying and Selling

In other PayPal news, EVP Frank Keller sold 29,581 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $46.02, for a total transaction of $1,361,317.62. Following the completion of the transaction, the executive vice president owned 51,567 shares in the company, valued at approximately $2,373,113.34. This represents a 36.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Suzan Kereere sold 37,613 shares of PayPal stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $41.49, for a total value of $1,560,563.37. Following the completion of the sale, the insider directly owned 30,983 shares in the company, valued at $1,285,484.67. This represents a 54.83% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 87,608 shares of company stock valued at $3,831,535. Company insiders own 0.08% of the company’s stock.

Institutional Investors Weigh In On PayPal

Several institutional investors have recently bought and sold shares of PYPL. Wedmont Private Capital boosted its position in PayPal by 1.6% during the 3rd quarter. Wedmont Private Capital now owns 9,157 shares of the credit services provider’s stock worth $614,000 after acquiring an additional 142 shares during the last quarter. Dakota Community Bank & Trust NA raised its holdings in shares of PayPal by 8.7% in the second quarter. Dakota Community Bank & Trust NA now owns 1,840 shares of the credit services provider’s stock valued at $137,000 after purchasing an additional 147 shares during the last quarter. Maia Wealth LLC lifted its position in shares of PayPal by 2.5% in the third quarter. Maia Wealth LLC now owns 6,404 shares of the credit services provider’s stock worth $424,000 after purchasing an additional 155 shares in the last quarter. Transatlantique Private Wealth LLC lifted its position in shares of PayPal by 2.9% in the third quarter. Transatlantique Private Wealth LLC now owns 5,698 shares of the credit services provider’s stock worth $382,000 after purchasing an additional 159 shares in the last quarter. Finally, WCG Wealth Advisors LLC boosted its holdings in PayPal by 1.1% during the second quarter. WCG Wealth Advisors LLC now owns 14,285 shares of the credit services provider’s stock worth $1,062,000 after purchasing an additional 162 shares during the last quarter. Institutional investors own 68.32% of the company’s stock.

PayPal Company Profile

(Get Free Report)

PayPal Holdings, Inc operates a global digital payments platform that enables consumers and merchants to send and receive payments online, on mobile devices and at the point of sale. The company provides a broad set of payment solutions, including a digital wallet, merchant payment processing, checkout services, invoicing and fraud-management tools. PayPal’s platform is designed to support e-commerce, in-person retail and person-to-person transfers, targeting both individual consumers and businesses of varying sizes.

Key products and services in PayPal’s portfolio include the PayPal wallet and checkout ecosystem, the Venmo peer-to-peer mobile app, Braintree’s developer-focused payment gateway, Xoom for international money transfers, and PayPal Credit and buy-now-pay-later options.

Featured Stories

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