PayPal (NASDAQ:PYPL) Trading Up 2.5%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price rose 2.5% during trading on Thursday . The company traded as high as $79.85 and last traded at $79.31. Approximately 4,207,126 shares changed hands during trading, a decline of 70% from the average daily volume of 14,069,375 shares. The stock had previously closed at $77.36.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PYPL shares. Mizuho reissued an “outperform” rating and issued a $90.00 price target on shares of PayPal in a report on Tuesday, August 20th. Argus upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Wednesday, July 31st. Barclays lifted their price target on shares of PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on shares of PayPal from $77.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Wells Fargo & Company lifted their target price on PayPal from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Seventeen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $76.38.

PayPal Price Performance

The stock has a 50-day moving average price of $68.78 and a two-hundred day moving average price of $65.05. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The stock has a market cap of $79.62 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.12 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The business had revenue of $7.89 billion for the quarter, compared to analyst estimates of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. PayPal’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 EPS. As a group, equities research analysts forecast that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Institutional Investors Weigh In On PayPal

Institutional investors and hedge funds have recently modified their holdings of the company. Pittenger & Anderson Inc. boosted its holdings in shares of PayPal by 77.5% in the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 172 shares during the last quarter. American National Bank purchased a new stake in PayPal in the first quarter valued at $27,000. Family Firm Inc. acquired a new stake in PayPal during the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC raised its stake in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the last quarter. Finally, Register Financial Advisors LLC acquired a new position in shares of PayPal in the 1st quarter valued at about $30,000. Institutional investors and hedge funds 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.