PayPal (NASDAQ:PYPL) Stock Price Up 1.6% – What’s Next?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price was up 1.6% on Friday . The company traded as high as $91.10 and last traded at $90.85. Approximately 2,136,787 shares changed hands during trading, a decline of 84% from the average daily volume of 13,028,661 shares. The stock had previously closed at $89.40.

Analysts Set New Price Targets

PYPL has been the subject of a number of analyst reports. Monness Crespi & Hardt boosted their price objective on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Canaccord Genuity Group lifted their price target on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Piper Sandler reissued a “neutral” rating and set a $88.00 target price on shares of PayPal in a research note on Friday, November 22nd. Wells Fargo & Company lifted their price objective on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a research report on Friday. Sixteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $86.74.

PayPal Trading Up 1.8 %

The stock has a market cap of $91.20 billion, a P/E ratio of 21.68, a PEG ratio of 1.66 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The business’s 50 day simple moving average is $83.64 and its two-hundred day simple moving average is $72.03.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period last year, the firm posted $0.97 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal during the third quarter valued at $26,000. Planning Capital Management Corp lifted its stake in shares of PayPal by 186.1% in the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. Financial Management Professionals Inc. increased its holdings in PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in PayPal during the 3rd quarter valued at $36,000. Finally, Family Firm Inc. bought a new stake in PayPal in the 2nd quarter worth about $29,000. 68.32% of the stock is owned by institutional investors and hedge funds.

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.