PayPal (NASDAQ:PYPL) Stock Price Up 0.3% – Should You Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price shot up 0.3% on Tuesday . The stock traded as high as $85.90 and last traded at $85.68. 772,460 shares changed hands during trading, a decline of 94% from the average session volume of 12,824,591 shares. The stock had previously closed at $85.43.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Susquehanna raised their price objective on PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a research report on Wednesday, October 30th. Piper Sandler reiterated a “neutral” rating and set a $88.00 target price on shares of PayPal in a report on Friday, November 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Phillip Securities reiterated an “accumulate” rating and set a $90.00 price objective (up previously from $80.00) on shares of PayPal in a research note on Friday, November 1st. Finally, Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and upped their target price for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.42.

PayPal Price Performance

The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $85.57 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.66 and a beta of 1.44. The business’s fifty day moving average is $85.66 and its 200 day moving average is $74.45.

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

Institutional Trading of PayPal

A number of institutional investors have recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd bought a new position in PayPal during the third quarter valued at about $26,000. Planning Capital Management Corp boosted its holdings in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the period. Financial Management Professionals Inc. grew its stake in PayPal by 125.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after buying an additional 243 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in PayPal in the 3rd quarter worth $36,000. Finally, SYSTM Wealth Solutions LLC boosted its holdings in PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the period. 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.