PayPal (NASDAQ:PYPL) Trading 0.2% Higher

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price traded up 0.2% on Tuesday . The stock traded as high as $63.83 and last traded at $63.64. 2,356,135 shares were traded during mid-day trading, a decline of 86% from the average session volume of 16,738,568 shares. The stock had previously closed at $63.51.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Argus cut shares of PayPal from a “buy” rating to a “hold” rating in a research note on Friday, February 9th. Morgan Stanley reissued an “equal weight” rating and issued a $66.00 target price (down from $118.00) on shares of PayPal in a research note on Tuesday, January 9th. Wedbush reissued an “outperform” rating and issued a $85.00 target price on shares of PayPal in a research note on Thursday, February 8th. Wells Fargo & Company raised their price target on PayPal from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a report on Friday, January 5th. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $70.53.

PayPal Stock Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a 50-day simple moving average of $62.15 and a 200-day simple moving average of $59.89. The stock has a market cap of $66.59 billion, a P/E ratio of 16.47, a PEG ratio of 1.44 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the business posted $1.01 earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. Research analysts forecast that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.

Insider Buying and Selling at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the sale, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp grew its holdings in shares of PayPal by 2.7% during the first quarter. State Street Corp now owns 45,423,344 shares of the credit services provider’s stock worth $3,449,434,000 after purchasing an additional 1,202,956 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of PayPal by 1.1% during the first quarter. Geode Capital Management LLC now owns 20,947,345 shares of the credit services provider’s stock worth $1,586,966,000 after purchasing an additional 235,651 shares during the last quarter. Morgan Stanley lifted its stake in shares of PayPal by 4.5% in the third quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after acquiring an additional 873,181 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of PayPal by 110,462.4% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock worth $1,220,431,000 after acquiring an additional 17,120,572 shares during the period. Finally, Norges Bank acquired a new position in shares of PayPal in the fourth quarter worth approximately $1,022,333,000. 68.32% of the stock is currently owned by institutional investors.

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.