PayPal (NASDAQ:PYPL) Shares Up 0.4%

PayPal Holdings, Inc. (NASDAQ:PYPL) shares traded up 0.4% during trading on Friday . The company traded as high as $59.88 and last traded at $59.87. 3,552,190 shares were traded during trading, a decline of 76% from the average session volume of 14,844,847 shares. The stock had previously closed at $59.64.

Analyst Ratings Changes

A number of analysts recently issued reports on PYPL shares. Stephens upped their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. Sanford C. Bernstein lifted their price objective on PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday, April 18th. Mizuho raised shares of PayPal from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $68.00 to $90.00 in a research note on Thursday, May 30th. UBS Group upped their target price on PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a research note on Wednesday, May 1st. Finally, StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th. Twenty equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $73.82.

PayPal Stock Up 0.1 %

The stock has a market capitalization of $62.47 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 0.97 and a beta of 1.42. The firm has a 50-day moving average of $62.77 and a 200 day moving average of $62.35. 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 posted its earnings results on Tuesday, April 30th. The credit services provider reported $1.08 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 firm had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.14 earnings per share for the current year.

Insider Activity at PayPal

In related news, Director Deborah M. Messemer sold 4,422 shares of PayPal stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $61.65, for a total transaction of $272,616.30. Following the sale, the director now directly owns 13,976 shares in the company, valued at $861,620.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PayPal

Institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley grew its holdings in shares of PayPal by 4.5% in the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock worth $1,173,254,000 after acquiring an additional 873,181 shares during the last quarter. Norges Bank purchased a new position in shares of PayPal in the fourth quarter worth approximately $749,561,000. Charles Schwab Investment Management Inc. raised its holdings in shares of PayPal by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,976,859 shares of the credit services provider’s stock valued at $428,449,000 after acquiring an additional 265,116 shares during the period. Clearbridge Investments LLC lifted its position in shares of PayPal by 15.8% in the 1st quarter. Clearbridge Investments LLC now owns 6,644,317 shares of the credit services provider’s stock valued at $445,103,000 after acquiring an additional 904,804 shares in the last quarter. Finally, First Trust Advisors LP grew its position in PayPal by 1.7% during the 4th quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock worth $225,283,000 after purchasing an additional 61,384 shares in the last quarter. 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.