The price of PayPal Holdings Inc. (NASDAQ:PYPL) shares last traded on Wall Street fell -2.33% to $60.80.
Based on available information, 48 analysts follow PayPal Holdings Inc. (NASDAQ:PYPL). 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 $58.00, we find $92.50. Given the previous closing price of $62.25, this indicates a potential upside of 48.59 percent. PYPL stock price is now -16.98% away from the 50-day moving average and -25.02% away from the 200-day moving average. The market capitalization of the company currently stands at $71.02B.
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Among analysts, 14 rate the stock a hold while 29 rate it a buy. Brokers who have rated the stock have averaged $94.79 as their price target over the next twelve months.
On May 10, 2023, BofA Securities reiterated its ‘Buy’ rating on the stock by increasing its target price from $112 to quote $90, while ‘Bernstein’ rates the stock as ‘Mkt Perform’.
In other news, SCHULMAN DANIEL H, President and CEO bought 26,065 shares of the company’s stock on Feb 17. The stock was bought for $1,985,306 at an average price of $76.17. Upon completion of the transaction, the President and CEO now directly owns 395,351 shares in the company, valued at $24.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16, See Remarks Scheibe Gabrielle sold 150 shares of the business’s stock. A total of $14,242 was realized by selling the stock at an average price of $94.95. This leaves the insider owning 8,927 shares of the company worth $0.54 million. Insiders disposed of 324,959 shares of company stock worth roughly $19.76 million over the past 1 year. A total of 0.20% 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 OFI INVEST ASSET MANAGEMENT during the first quarter worth $2,023,462,000. SELECT EQUITY GROUP, L.P. invested $102,446,000 in shares of PYPL during the first quarter. In the first quarter, KENSICO CAPITAL MANAGEMENT CORP acquired a new stake in PayPal Holdings Inc. valued at approximately $77,964,000. TWINBEECH CAPITAL LP acquired a new stake in PYPL for approximately $49,295,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in PYPL valued at around $46,442,000 in the second quarter. In total, there are 2,853 active investors with 76.00% ownership of the company’s stock.
A candlestick chart of PayPal Holdings Inc. (NASDAQ: PYPL) showed a price of $61.80 on Tuesday morning. During the past 12 months, PayPal Holdings Inc. has had a low of $61.31 and a high of $103.03. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 1.30, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $70.73B, which is based on a 25.74 price-to-earnings ratio, a 1.56 price-to-earnings-growth ratio, and a beta of 1.31. The fifty day moving average price for PYPL is $72.92 and a two-hundred day moving average price translates $80.96 for the stock.
The latest earnings results from PayPal Holdings Inc. (NASDAQ: PYPL) was released for Mar, 2023. According to the Credit Services Company, earnings per share came in at $1.17, beating analysts’ expectations of $1.1 by 0.07. This compares to $0.43 EPS in the same period last year. The net profit margin was 9.60% and return on equity was 13.50% for PYPL. The company reported revenue of $7.04 billion for the quarter, compared to $6.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.59 percent. For the current quarter, analysts expect PYPL to generate $7.27B 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. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, PayPal Zettle, Hyperwallet, PayPal Honey, and Paidy names. Its payments platform allows consumers to send and receive payments in approximately 200 markets and in approximately 150 currencies, withdraw funds to their bank accounts in 56 currencies, and hold balances in their PayPal accounts in 25 currencies. The company was founded in 1998 and is headquartered in San Jose, California.
