PayPal (NASDAQ:PYPL) Shares Up 0.9% on Earnings Beat

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price traded up 0.9% during trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $67.43 and last traded at $65.54. 9,870,617 shares were traded during trading, a decline of 14% from the average session volume of 11,452,938 shares. The stock had previously closed at $64.93.

The credit services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.17. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $7.79 billion during the quarter, compared to analysts’ expectations of $7.84 billion. During the same period in the previous year, the company earned $1.08 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. BTIG Research restated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. Monness Crespi & Hardt lowered their target price on shares of PayPal from $120.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Friday, February 28th. Compass Point started coverage on shares of PayPal in a research note on Wednesday, April 23rd. They issued a “sell” rating and a $56.00 price objective for the company. Finally, UBS Group cut their target price on PayPal from $88.00 to $75.00 and set a “neutral” rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus target price of $83.72.

Insider Buying and Selling at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. 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 corporate insiders.

Institutional Investors Weigh In On PayPal

Several institutional investors and hedge funds have recently made changes to their positions in PYPL. Mpwm Advisory Solutions LLC acquired a new stake in shares of PayPal in the fourth quarter valued at approximately $25,000. Rosenberg Matthew Hamilton increased its position in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares in the last quarter. Hurley Capital LLC purchased a new stake in PayPal during the 4th quarter worth about $27,000. Garde Capital Inc. acquired a new position in shares of PayPal in the first quarter valued at approximately $28,000. Finally, Tsfg LLC raised its holdings in PayPal by 81.6% in the 1st quarter. Tsfg LLC now owns 445 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Price Performance

The company has a 50-day moving average of $66.08 and a two-hundred day moving average of $78.30. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market capitalization of $64.35 billion, a PE ratio of 16.42, a P/E/G ratio of 1.27 and a beta of 1.60.

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.