PayPal (NASDAQ:PYPL) Trading 0.4% Higher – Time to Buy?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) traded up 0.4% on Monday . The stock traded as high as $69.27 and last traded at $69.25. 1,868,852 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 12,049,593 shares. The stock had previously closed at $68.95.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Macquarie boosted their price objective on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods boosted their price target on PayPal from $92.00 to $104.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. Robert W. Baird reduced their price objective on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Finally, BTIG Research restated a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. Fourteen 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 company. According to MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.03.

PayPal Stock Down 1.1 %

The stock has a fifty day moving average of $79.18 and a 200 day moving average of $80.97. 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 firm has a market capitalization of $68.14 billion, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 EPS. On average, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Activity

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 29,734 shares in the company, 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 this link. Insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

Several hedge funds have recently made changes to their positions in PYPL. Mpwm Advisory Solutions LLC purchased a new stake in PayPal in the 4th quarter worth about $25,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of PayPal in the third quarter worth about $26,000. Rosenberg Matthew Hamilton raised its position in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the period. Hurley Capital LLC purchased a new stake in shares of PayPal during the 4th quarter valued at approximately $27,000. Finally, Sugarloaf Wealth Management LLC boosted its holdings in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares during the period. 68.32% of the stock is currently 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.