PayPal (NASDAQ:PYPL) Stock Price Up 1%

PayPal Holdings, Inc. (NASDAQ:PYPL) shares rose 1% during trading on Tuesday . The company traded as high as $64.83 and last traded at $64.61. Approximately 1,908,310 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 15,942,369 shares. The stock had previously closed at $63.95.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PYPL. JMP Securities boosted their price objective on shares of PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a report on Wednesday, May 1st. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Monday. Wells Fargo & Company boosted their price objective on shares of PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. TD Cowen upped their price target on shares of PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a report on Wednesday, May 1st. Finally, Citigroup cut their price target on shares of PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Twenty-two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.73.

PayPal Stock Up 0.3 %

The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The stock has a 50 day simple moving average of $64.45 and a 200 day simple moving average of $61.15. The stock has a market cap of $67.05 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 1.15 and a beta of 1.41.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.14). The business had revenue of $7.70 billion during the quarter, compared to analyst estimates of $7.52 billion. PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 EPS. As a group, analysts expect that PayPal Holdings, Inc. will post 4.13 earnings per share for the current fiscal year.

Insider Buying and Selling at PayPal

In other news, SVP Frank Keller sold 7,686 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at $1,420,795.20. The sale 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 Inflows and Outflows

Large investors have recently made changes to their positions in the company. Sapient Capital LLC bought a new position in shares of PayPal during the fourth quarter valued at about $806,000. Louisiana State Employees Retirement System bought a new position in shares of PayPal during the fourth quarter valued at about $9,267,000. Bartlett & Co. LLC lifted its position in shares of PayPal by 8.5% during the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock valued at $594,000 after purchasing an additional 740 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of PayPal by 9.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock valued at $53,344,000 after purchasing an additional 73,687 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its position in shares of PayPal by 4.9% during the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock valued at $1,183,000 after purchasing an additional 942 shares in the last quarter. 68.32% of the stock is 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.