PayPal (NASDAQ:PYPL) Shares Up 0.1%

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) shot up 0.1% on Friday . The company traded as high as $58.76 and last traded at $58.45. 2,507,440 shares were traded during mid-day trading, a decline of 83% from the average session volume of 14,827,640 shares. The stock had previously closed at $58.37.

Analysts Set New Price Targets

A number of research firms have weighed in on PYPL. Wells Fargo & Company increased their target price on PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday, May 1st. Mizuho raised PayPal from a “neutral” rating to a “buy” rating and increased their target price for the company from $68.00 to $90.00 in a report on Thursday, May 30th. New Street Research initiated coverage on PayPal in a report on Friday, May 31st. They issued a “buy” rating and a $80.00 target price on the stock. TD Cowen upped their price target on PayPal from $58.00 to $68.00 and gave the stock a “hold” rating in a research report on Wednesday, May 1st. Finally, Robert W. Baird upped their price target on PayPal from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Twenty-one research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $73.64.

PayPal Price Performance

The firm has a market capitalization of $60.85 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 0.95 and a beta of 1.43. The firm has a 50 day moving average price of $63.34 and a 200-day moving average price of $62.44. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.47.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a return on equity of 21.58% and a net margin of 14.26%. The business had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the prior year, the business posted $0.86 earnings per share. PayPal’s revenue was up 9.4% on a year-over-year basis. On average, analysts expect that PayPal Holdings, Inc. will post 4.14 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the sale, the director now directly owns 13,976 shares of the company’s stock, valued at approximately $861,620.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On PayPal

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Lazari Capital Management Inc. raised its position in PayPal by 13.0% during the 1st quarter. Lazari Capital Management Inc. now owns 27,979 shares of the credit services provider’s stock valued at $1,874,000 after purchasing an additional 3,227 shares in the last quarter. SRN Advisors LLC raised its position in PayPal by 10.7% during the 1st quarter. SRN Advisors LLC now owns 23,331 shares of the credit services provider’s stock valued at $1,563,000 after purchasing an additional 2,264 shares in the last quarter. Keynote Financial Services LLC bought a new stake in PayPal during the 1st quarter valued at $539,000. OMC Financial Services LTD bought a new stake in PayPal during the 1st quarter valued at $229,000. Finally, EverSource Wealth Advisors LLC raised its position in PayPal by 25.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 7,938 shares of the credit services provider’s stock valued at $539,000 after purchasing an additional 1,590 shares in the last quarter. 68.32% of the stock is owned by 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.