The price of PayPal Holdings Inc. (NASDAQ:PYPL) shares last traded on Wall Street rose 0.78% to $61.67.
Based on available information, 45 analysts follow PayPal Holdings Inc. (NASDAQ:PYPL). The consensus rating among analysts is ‘Overweight’. PYPL stock price is now -8.37% away from the 50-day moving average and -14.74% away from the 200-day moving average. The market capitalization of the company currently stands at $67.18B.
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Among analysts, 13 rate the stock a hold while 27 rate it a buy.
With the price target reduced from $85 to $65, Evercore ISI Downgraded its rating from Outperform to In-line for PayPal Holdings Inc. (NASDAQ: PYPL).
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 $24.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16, 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 $0.55 million. Insiders disposed of 313,947 shares of company stock worth roughly $19.36 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 PORTSIDE WEALTH GROUP, LLC during the first quarter worth $252,617,000. ATREIDES MANAGEMENT, LP invested $235,524,000 in shares of PYPL during the first quarter. In the first quarter, HS MANAGEMENT PARTNERS, LLC acquired a new stake in PayPal Holdings Inc. valued at approximately $100,783,000. HOLOCENE ADVISORS, LP acquired a new stake in PYPL for approximately $78,743,000. EQUITY INVESTMENT CORP purchased a new stake in PYPL valued at around $64,859,000 in the second quarter. In total, there are 2,795 active investors with 76.00% ownership of the company’s stock.
A candlestick chart of PayPal Holdings Inc. (NASDAQ: PYPL) showed a price of $61.59 on Monday morning. During the past 12 months, PayPal Holdings Inc. has had a low of $57.29 and a high of $99.30. As of last week, the company has a debt-to-equity ratio of 0.54, 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 $67.85B, which is based on a 17.23 price-to-earnings ratio, a 0.99 price-to-earnings-growth ratio, and a beta of 1.35. The fifty day moving average price for PYPL is $67.22 and a two-hundred day moving average price translates $72.23 for the stock.
The latest earnings results from PayPal Holdings Inc. (NASDAQ: PYPL) was released for Jun, 2023. According to the Credit Services Company, earnings per share came in at $1.07, missing analysts’ expectations of $1.08 by -0.01. This compares to -$0.29 EPS in the same period last year. The net profit margin was 14.30% and return on equity was 20.40% for PYPL. The company reported revenue of $7.29 billion for the quarter, compared to $6.81 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.07 percent. For the current quarter, analysts expect PYPL to generate $6.84B in revenue.
