PayPal (NASDAQ:PYPL) Trading Up 0.7% – Should You Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL) shares rose 0.7% on Thursday . The stock traded as high as $82.74 and last traded at $81.94. Approximately 1,840,647 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 13,543,814 shares. The stock had previously closed at $81.41.

Analysts Set New Price Targets

PYPL has been the subject of several research reports. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Wells Fargo & Company raised their target price on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Monness Crespi & Hardt raised their target price on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Mizuho raised their target price on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Sunday. Fifteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and an average price target of $83.45.

PayPal Price Performance

The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average of $77.00 and a two-hundred day moving average of $68.05. The company has a market capitalization of $81.63 billion, a PE ratio of 19.56, a PEG ratio of 1.39 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. Research analysts anticipate that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Institutional Trading of PayPal

Several institutional investors have recently added to or reduced their stakes in PYPL. AMG National Trust Bank raised its holdings in PayPal by 84.0% during the third quarter. AMG National Trust Bank now owns 6,620 shares of the credit services provider’s stock valued at $517,000 after acquiring an additional 3,023 shares during the period. Equity Investment Corp increased its stake in PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after acquiring an additional 67,497 shares during the last quarter. Aljian Capital Management LLC purchased a new position in shares of PayPal during the third quarter valued at approximately $572,000. TrinityPoint Wealth LLC boosted its position in shares of PayPal by 10.1% during the third quarter. TrinityPoint Wealth LLC now owns 4,504 shares of the credit services provider’s stock valued at $351,000 after buying an additional 415 shares during the period. Finally, S&CO Inc. boosted its position in shares of PayPal by 5.2% during the third quarter. S&CO Inc. now owns 180,179 shares of the credit services provider’s stock valued at $14,059,000 after buying an additional 8,882 shares during the period. 68.32% of the stock is currently owned by hedge funds and other 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.