PayPal (NASDAQ:PYPL) Stock Price Up 1.3% – Should You Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price rose 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 were traded during trading, a decline of 79% from the average daily volume of 11,192,391 shares. The stock had previously closed at $65.25.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PYPL shares. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a research note on Friday, December 13th. Citigroup reaffirmed an “outperform” rating on shares of PayPal in a research note on Wednesday, February 5th. Arete Research lowered PayPal from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 27th. Robert W. Baird lowered 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. Finally, BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Tuesday, February 4th. Sixteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.40.

PayPal Stock Up 1.0 %

The company’s 50 day simple moving average is $75.75 and its 200-day simple moving average is $80.86. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The firm has a market cap of $65.18 billion, a P/E ratio of 16.45, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. PayPal’s revenue was up 4.2% on a year-over-year basis. Research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On PayPal

Several hedge funds and other institutional investors have recently made changes to their positions in the company. United Bank boosted its stake in PayPal by 9.7% in the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock valued at $698,000 after acquiring an additional 794 shares in the last quarter. Public Sector Pension Investment Board raised its position in PayPal by 4.3% during the third quarter. Public Sector Pension Investment Board now owns 48,228 shares of the credit services provider’s stock valued at $3,763,000 after acquiring an additional 2,000 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of PayPal by 39.9% in the 3rd quarter. Captrust Financial Advisors now owns 87,512 shares of the credit services provider’s stock valued at $6,829,000 after purchasing an additional 24,940 shares during the period. Edgestream Partners L.P. grew its position in shares of PayPal by 24.8% during the 3rd quarter. Edgestream Partners L.P. now owns 35,364 shares of the credit services provider’s stock valued at $2,759,000 after acquiring an additional 7,025 shares during the period. Finally, True Wealth Design LLC purchased a new stake in PayPal during the 3rd quarter worth approximately $47,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

About PayPal

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.