PayPal (NASDAQ:PYPL) Shares Up 1.2% – Should You Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL) shares rose 1.2% on Monday . The company traded as high as $71.66 and last traded at $71.02. Approximately 2,033,384 shares changed hands during trading, a decline of 81% from the average daily volume of 10,887,618 shares. The stock had previously closed at $70.19.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Robert W. Baird decreased their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Piper Sandler dropped their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. DZ Bank upgraded shares of PayPal from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Friday, February 28th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Trading Up 1.3 %

The stock’s 50-day moving average price is $78.19 and its 200 day moving average price is $80.92. 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 $70.34 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter last year, the firm posted $1.48 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling

In related 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 transaction of $176,478.90. Following the completion of the sale, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On PayPal

Large investors have recently made changes to their positions in the business. Park Place Capital Corp increased its holdings in PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock worth $161,000 after buying an additional 116 shares during the period. Rosenberg Matthew Hamilton grew its holdings 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 acquiring an additional 125 shares during the period. JFS Wealth Advisors LLC raised its position in PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after acquiring an additional 125 shares in the last quarter. Wynn Capital LLC lifted its stake in shares of PayPal by 1.1% in the 4th quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after purchasing an additional 130 shares during the period. Finally, Avalon Trust Co boosted its stake in shares of PayPal by 7.0% during the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after acquiring an additional 135 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

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.