PayPal (NASDAQ:PYPL) Trading 0.5% Higher – Time to Buy?

by · The Markets Daily

PayPal Holdings, Inc. (NASDAQ:PYPL – Get Free Report)’s stock price shot up 0.5% during trading on Friday . The company traded as high as $87.22 and last traded at $87.21. 4,075,632 shares were traded during trading, a decline of 69% from the average session volume of 12,959,629 shares. The stock had previously closed at $86.78.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PYPL. Stephens upped their price target on PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. BMO Capital Markets upped their price target on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price objective on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Barclays increased their price target on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $88.42.

Get Our Latest Stock Analysis on PayPal

PayPal Stock Performance

The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $87.35 billion, a PE ratio of 20.79, a PEG ratio of 1.66 and a beta of 1.44. The stock’s fifty day simple moving average is $84.65 and its 200-day simple moving average is $73.20.

PayPal (NASDAQ:PYPL – Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.97 earnings per share. On average, research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Institutional Trading of PayPal

Several large investors have recently modified their holdings of the business. Bruce G. Allen Investments LLC grew its position in shares of PayPal by 7.4% in the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after purchasing an additional 124 shares during the last quarter. First United Bank & Trust boosted its position in PayPal by 6.4% during the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after acquiring an additional 145 shares during the last quarter. Ritholtz Wealth Management boosted its position in PayPal by 3.3% during the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after acquiring an additional 152 shares during the last quarter. Laraway Financial Advisors Inc boosted its position in PayPal by 3.8% during the third quarter. Laraway Financial Advisors Inc now owns 4,228 shares of the credit services provider’s stock worth $330,000 after acquiring an additional 154 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC boosted its position in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

PayPal Company Profile

(Get Free Report)

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.

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