PayPal (NASDAQ:PYPL) Shares Up 1.6%

PayPal Holdings, Inc. (NASDAQ:PYPL) was up 1.6% on Friday . The stock traded as high as $65.56 and last traded at $65.14. Approximately 3,026,410 shares traded hands during trading, a decline of 81% from the average daily volume of 16,079,665 shares. The stock had previously closed at $64.10.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PYPL shares. JMP Securities upped their price target on PayPal from $68.00 to $70.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 17th. Argus downgraded PayPal from a “buy” rating to a “hold” rating in a report on Friday, February 9th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Friday, April 5th. Citigroup dropped their price objective on PayPal from $76.00 to $73.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, Susquehanna increased their price objective on PayPal from $61.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Twenty-three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $70.47.

PayPal Stock Up 2.9 %

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a fifty day moving average price of $62.87 and a 200 day moving average price of $60.18. The firm has a market capitalization of $69.43 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.19 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.36 by $0.12. The business had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 4.02 EPS for the current fiscal year.

Insider Activity at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the firm’s 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 transaction, the senior vice president now directly owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On PayPal

Several hedge funds have recently bought and sold shares of PYPL. Louisiana State Employees Retirement System purchased a new position in PayPal during the fourth quarter worth $9,267,000. Bartlett & Co. LLC increased its position in PayPal by 8.5% during the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock worth $594,000 after buying an additional 740 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in PayPal by 9.5% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock worth $53,344,000 after buying an additional 73,687 shares in the last quarter. Sunbelt Securities Inc. increased its position in PayPal by 4.9% during the third quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock worth $1,183,000 after buying an additional 942 shares in the last quarter. Finally, Bellecapital International Ltd. increased its position in PayPal by 2.0% during the fourth quarter. Bellecapital International Ltd. now owns 21,685 shares of the credit services provider’s stock worth $1,332,000 after buying an additional 433 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.