PayPal (NASDAQ:PYPL) Shares Down 1.7%

PayPal Holdings, Inc. (NASDAQ:PYPLGet Free Report) shares traded down 1.7% during trading on Wednesday . The stock traded as low as $59.03 and last traded at $59.12. 13,500,311 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 11,229,761 shares. The stock had previously closed at $60.13.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group upped their price target on shares of PayPal from $63.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Royal Bank of Canada raised their target price on PayPal from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. JMP Securities upped their price target on PayPal from $70.00 to $82.00 and gave the stock a “market outperform” rating in a report on Wednesday, May 1st. Citigroup raised their price objective on shares of PayPal from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, June 10th. Finally, Evercore ISI boosted their target price on shares of PayPal from $60.00 to $65.00 and gave the stock an “in-line” rating in a research report on Wednesday, May 1st. Twenty investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to, the company currently has an average rating of “Hold” and an average target price of $73.82.

View Our Latest Report on PYPL

PayPal Trading Down 1.7 %

The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. The company has a market cap of $61.84 billion, a P/E ratio of 14.89, a P/E/G ratio of 0.98 and a beta of 1.43. The business has a 50-day moving average price of $63.94 and a two-hundred day moving average price of $62.44.

PayPal (NASDAQ:PYPLGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $7.52 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, analysts predict that PayPal Holdings, Inc. will post 4.14 EPS for the current year.

Insiders Place Their Bets

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $61.65, for a total transaction of $272,616.30. Following the completion of the sale, the director now owns 13,976 shares in the company, valued at approximately $861,620.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

Institutional investors and hedge funds have recently modified their holdings of the stock. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in PayPal during the 4th quarter worth $25,000. Pittenger & Anderson Inc. increased its holdings in shares of PayPal by 77.5% in the first 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. American National Bank acquired a new stake in shares of PayPal during the first quarter worth about $27,000. Private Wealth Management Group LLC bought a new position in shares of PayPal during the 4th quarter valued at about $29,000. Finally, Register Financial Advisors LLC acquired a new position in shares of PayPal in the 1st quarter valued at approximately $30,000. 68.32% of the stock is owned by institutional investors.

About PayPal

(Get Free Report)

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.

Further Reading

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