PayPal (NASDAQ:PYPL) Stock Price Up 0.4% – Should You Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price was up 0.4% during mid-day trading on Tuesday . The stock traded as high as $80.99 and last traded at $80.85. Approximately 1,516,766 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 13,583,659 shares. The stock had previously closed at $80.56.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of recent analyst reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $80.00 price target on shares of PayPal in a research report on Wednesday, July 31st. Mizuho boosted their target price on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Robert W. Baird raised their target price on shares of PayPal from $77.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Oppenheimer began coverage on PayPal in a report on Tuesday, October 1st. They issued a “market perform” rating on the stock. Finally, UBS Group boosted their price objective on PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Sixteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus price target of $78.03.

PayPal Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market capitalization of $83.02 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.47 and a beta of 1.44. The business has a 50-day moving average of $74.50 and a 200-day moving average of $66.74.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. The firm had revenue of $7.89 billion during the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. As a group, research analysts forecast that PayPal Holdings, Inc. will post 4.44 EPS for the current year.

Hedge Funds Weigh In On PayPal

A number of large investors have recently made changes to their positions in the stock. Pittenger & Anderson Inc. boosted its stake in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 172 shares in the last quarter. Family Firm Inc. acquired a new position in shares of PayPal during the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC grew its holdings in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the last quarter. Register Financial Advisors LLC acquired a new position in shares of PayPal in the first quarter worth $30,000. Finally, Tortoise Investment Management LLC boosted its stake in shares of PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

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.