PayPal (NASDAQ:PYPL) Shares Up 0.1% – What’s Next?

PayPal Holdings, Inc. (NASDAQ:PYPL) shares were up 0.1% during mid-day trading on Tuesday . The company traded as high as $62.79 and last traded at $62.34. Approximately 2,286,803 shares changed hands during trading, a decline of 80% from the average daily volume of 11,440,955 shares. The stock had previously closed at $62.27.

Analysts Set New Price Targets

PYPL has been the topic of several research reports. Wells Fargo & Company restated an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Monness Crespi & Hardt cut their price objective on PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Bank of America dropped their target price on PayPal from $103.00 to $93.00 and set a “buy” rating for the company in a research report on Monday. Robert W. Baird reduced their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Friday, February 28th. Sixteen investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.03.

PayPal Stock Performance

The firm has a market capitalization of $61.68 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 1.27 and a beta of 1.60. The firm’s 50 day simple moving average is $69.54 and its 200 day simple moving average is $79.65. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26.

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 company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 earnings per share. Sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC purchased a new position in PayPal in the 4th quarter worth approximately $25,000. Rosenberg Matthew Hamilton boosted its position in shares of PayPal by 67.6% during 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 during the last quarter. Hurley Capital LLC acquired a new stake in PayPal during the fourth quarter worth about $27,000. Sugarloaf Wealth Management LLC grew its stake 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. purchased a new stake in shares of PayPal during the 4th quarter valued at approximately $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.