Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) traded down 0.7% during trading on Friday . The stock traded as low as $77.57 and last traded at $78.03. 3,387,237 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 10,989,035 shares. The stock had previously closed at $78.57.
A number of analysts have recently weighed in on the stock. Monness Crespi & Hardt upped their price target on shares of PayPal from $95.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, October 28th. StockNews.com upgraded PayPal from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Wolfe Research upgraded PayPal from a "peer perform" rating to an "outperform" rating and set a $107.00 price target on the stock in a research note on Friday, December 13th. UBS Group upped their price objective on PayPal from $72.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Finally, Macquarie lifted their target price on PayPal from $95.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, December 17th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal has a consensus rating of "Moderate Buy" and an average target price of $89.43.
Get Our Latest Stock Analysis on PayPal
The stock has a market cap of $76.48 billion, a P/E ratio of 19.28, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. The firm's fifty day simple moving average is $87.52 and its 200-day simple moving average is $79.50.
PayPal (NASDAQ:PYPL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal's quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 earnings per share. Equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC raised its position in shares of PayPal by 10.1% during the third quarter. CWM LLC now owns 123,565 shares of the credit services provider's stock worth $9,642,000 after purchasing an additional 11,321 shares during the period. Wedmont Private Capital increased its position in shares of PayPal by 39.0% during the third quarter. Wedmont Private Capital now owns 5,474 shares of the credit services provider's stock worth $439,000 after acquiring an additional 1,535 shares in the last quarter. UMB Bank n.a. increased its position in shares of PayPal by 4.1% during the third quarter. UMB Bank n.a. now owns 17,904 shares of the credit services provider's stock worth $1,397,000 after acquiring an additional 698 shares in the last quarter. Pinnacle Bancorp Inc. lifted its position in PayPal by 8.7% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 3,117 shares of the credit services provider's stock valued at $243,000 after acquiring an additional 250 shares in the last quarter. Finally, San Luis Wealth Advisors LLC acquired a new position in PayPal during the 3rd quarter valued at about $220,000. Institutional investors own 68.32% of the company's stock.
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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