PayPal (NASDAQ:PYPL) Stock Price Up 0.4% – Still a Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price rose 0.4% during trading on Tuesday . The company traded as high as $80.99 and last traded at $80.85. Approximately 1,516,766 shares were traded 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

A number of brokerages have weighed in on PYPL. Wells Fargo & Company boosted their target price on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Susquehanna raised their target price on PayPal from $71.00 to $83.00 and gave the stock a “positive” rating in a research report on Wednesday, July 31st. Stephens upped their price target on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. UBS Group raised their price objective on shares of PayPal from $71.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Monness Crespi & Hardt increased their price target on shares of PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.03.

PayPal Trading Down 0.1 %

The company’s 50 day moving average price is $75.11 and its two-hundred day moving average price is $66.95. The firm has a market cap of $82.63 billion, a PE ratio of 19.57, a P/E/G ratio of 1.47 and a beta of 1.44. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.47.

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

Hedge Funds Weigh In On PayPal

Several hedge funds have recently bought and sold shares of the business. Sound Income Strategies LLC boosted its holdings in shares of PayPal by 77.9% in the first quarter. Sound Income Strategies LLC now owns 1,247 shares of the credit services provider’s stock valued at $84,000 after purchasing an additional 546 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of PayPal in the 1st quarter valued at about $131,000. Revolve Wealth Partners LLC lifted its position in shares of PayPal by 34.4% in the 1st quarter. Revolve Wealth Partners LLC now owns 2,962 shares of the credit services provider’s stock worth $151,000 after purchasing an additional 758 shares during the period. Wealthcare Advisory Partners LLC boosted its stake in shares of PayPal by 47.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 18,526 shares of the credit services provider’s stock valued at $1,241,000 after purchasing an additional 5,985 shares in the last quarter. Finally, Procyon Advisors LLC increased its holdings in PayPal by 13.6% during the first quarter. Procyon Advisors LLC now owns 41,405 shares of the credit services provider’s stock valued at $2,774,000 after buying an additional 4,948 shares during the period. 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.