PayPal (NASDAQ:PYPL) Trading 0.5% Higher – Should You Buy?

PayPal Holdings, Inc. (NASDAQ:PYPL) shot up 0.5% during mid-day trading on Friday . The stock traded as high as $87.22 and last traded at $87.21. 4,075,632 shares were traded during mid-day trading, a decline of 69% from the average session volume of 12,959,629 shares. The stock had previously closed at $86.78.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of research analyst reports. Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and upped their price objective for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Mizuho lifted their target price on shares of PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Wells Fargo & Company upped their price target on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Wolfe Research upgraded shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Fifteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.42.

PayPal Price Performance

The firm has a market cap of $87.84 billion, a P/E ratio of 20.91, a PEG ratio of 1.66 and a beta of 1.44. 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 company has a fifty day moving average price of $84.52 and a two-hundred day moving average price of $72.96.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the firm posted $0.97 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. Equities analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Institutional Investors Weigh In On PayPal

Several institutional investors and hedge funds have recently added to or reduced their stakes in PYPL. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal during the 3rd quarter worth approximately $26,000. Family Firm Inc. acquired a new position in shares of PayPal during the 2nd quarter worth about $29,000. SYSTM Wealth Solutions LLC raised its holdings in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 167 shares during the period. Tortoise Investment Management LLC increased its position in PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after buying an additional 465 shares during the last quarter. Finally, Planning Capital Management Corp raised its stake in PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares during the period. 68.32% of the stock is owned by institutional investors.

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.