PayPal (NASDAQ:PYPL) Shares Up 1.5% – Still a Buy?

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) shares were up 1.5% during mid-day trading on Thursday . The company traded as high as $86.94 and last traded at $86.60. Approximately 1,663,128 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 12,839,767 shares. The stock had previously closed at $85.35.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PYPL. Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Barclays lifted their target price on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Stephens raised their price objective on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Morgan Stanley lifted their price objective on PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Susquehanna raised their price target on shares of PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a research note on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $88.42.

Read Our Latest Report on PayPal

PayPal Price Performance

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 company has a 50 day simple moving average of $85.87 and a 200-day simple moving average of $74.72. The stock has a market cap of $87.82 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.66 and a beta of 1.44.

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

Institutional Investors Weigh In On PayPal

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC increased its holdings in shares of PayPal by 7.4% in the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after buying an additional 124 shares in the last quarter. First United Bank & Trust raised its stake in shares of PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after acquiring an additional 145 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of PayPal by 3.3% in the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after buying an additional 152 shares during the last quarter. Laraway Financial Advisors Inc grew its stake in shares of PayPal by 3.8% in the third quarter. Laraway Financial Advisors Inc now owns 4,228 shares of the credit services provider’s stock worth $330,000 after acquiring an additional 154 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC increased its holdings in shares of PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 167 shares during the period. Institutional investors own 68.32% of the company’s stock.

About PayPal

(Get Free Report)

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.

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