The stock of PayPal Holdings Inc. (NASDAQ:PYPL) last traded at $84.92, down -0.84% from the previous session.
Data from the available sources indicates that PayPal Holdings Inc. (NASDAQ:PYPL) is covered by 50 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $160.00 and a low of $75.00, we find $101.00. Given the previous closing price of $85.64, this indicates a potential upside of 17.94 percent. PYPL stock price is now -2.68% away from the 50-day moving average and -7.51% away from the 200-day moving average. The market capitalization of the company currently stands at $97.63B.
In total, 13 analysts have assigned it a hold rating, and 30 have given it a buy rating. Brokers who have rated the stock have averaged $105.31 as their price target over the next twelve months.
With the price target reduced from $115 to $100, Susquehanna Downgraded its rating from Positive to Neutral for PayPal Holdings Inc. (NASDAQ: PYPL). On September 14, 2022, Raymond James Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $123, while ‘BofA Securities’ rates the stock as ‘Buy’.
In other news, Scheibe Gabrielle, insider sold 150 shares of the company’s stock on Sep 16. The stock was sold for $14,242 at an average price of $94.95. Upon completion of the transaction, the insider now directly owns 8,927 shares in the company, valued at $0.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 04, EVP, Global Sales Alford Peggy sold 21,791 shares of the business’s stock. A total of $2,131,596 was realized by selling the stock at an average price of $97.82. This leaves the insider owning 18,100 shares of the company worth $1.54 million. Insiders disposed of 582,561 shares of company stock worth roughly $49.47 million over the past 1 year. A total of 0.24% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PYPL stock. A new stake in PayPal Holdings Inc. shares was purchased by HOLOCENE ADVISORS, LP during the first quarter worth $184,092,000. SAMLYN CAPITAL, LLC invested $172,623,000 in shares of PYPL during the first quarter. In the first quarter, VIKING GLOBAL INVESTORS LP acquired a new stake in PayPal Holdings Inc. valued at approximately $145,536,000. GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in PYPL for approximately $111,505,000. SCGE MANAGEMENT, L.P. purchased a new stake in PYPL valued at around $106,150,000 in the second quarter. In total, there are 2,891 active investors with 76.00% ownership of the company’s stock.
With an opening price of $86.86 on Friday morning, PayPal Holdings Inc. (NASDAQ: PYPL) set off the trading day. During the past 12 months, PayPal Holdings Inc. has had a low of $67.58 and a high of $207.50. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 1.30, and a quick ratio of 1.30. The fifty day moving average price for PYPL is $87.03 and a two-hundred day moving average price translates $91.62 for the stock.
The latest earnings results from PayPal Holdings Inc. (NASDAQ: PYPL) was released for Jun, 2022. According to the Credit Services Company, earnings per share came in at $0.93, beating analysts’ expectations of $0.86 by 0.07. This compares to $0.92 EPS in the same period last year. The net profit margin was 8.50% and return on equity was 11.20% for PYPL. The company reported revenue of $6.85 billion for the quarter, compared to $6.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.74 percent. For the current quarter, analysts expect PYPL to generate $6.82B in revenue.
PayPal Holdings Inc.(PYPL) Company Profile
PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company’s payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 100 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. PayPal Holdings, Inc. was founded in 1998 and is headquartered in San Jose, California.