The stock of PayPal Holdings Inc. (NASDAQ:PYPL) last traded at $61.93, up 1.56% from the previous session.
Data from the available sources indicates that PayPal Holdings Inc. (NASDAQ:PYPL) is covered by 45 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $126.00 and a low of $55.00, we find $85.50. Given the previous closing price of $60.98, this indicates a potential upside of 40.21 percent. PYPL stock price is now -6.86% away from the 50-day moving average and -13.10% away from the 200-day moving average. The market capitalization of the company currently stands at $68.75B.
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In total, 13 analysts have assigned it a hold rating, and 27 have given it a buy rating. Brokers who have rated the stock have averaged $86.81 as their price target over the next twelve months.
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, Scheibe Gabrielle, Acting CFO & SVP, IR & Treas sold 213 shares of the company’s stock on Sep 05. The stock was sold for $13,500 at an average price of $63.38. Upon completion of the transaction, the Acting CFO & SVP, IR & Treas now directly owns 29,149 shares in the company, valued at $1.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 17, President and CEO SCHULMAN DANIEL H bought 26,065 shares of the business’s stock. A total of $1,985,306 was incurred on buying the stock at an average price of $76.17. This leaves the insider owning 395,351 shares of the company worth $24.48 million. Insiders disposed of 313,947 shares of company stock worth roughly $19.44 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 ATREIDES MANAGEMENT, LP during the first quarter worth $236,517,000. HS MANAGEMENT PARTNERS, LLC invested $101,208,000 in shares of PYPL during the first quarter. In the first quarter, HOLOCENE ADVISORS, LP acquired a new stake in PayPal Holdings Inc. valued at approximately $79,075,000. EQUITY INVESTMENT CORP acquired a new stake in PYPL for approximately $65,133,000. CLEAR STREET LLC purchased a new stake in PYPL valued at around $60,419,000 in the second quarter. In total, there are 2,795 active investors with 76.00% ownership of the company’s stock.
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 $67.62B, which is based on a 17.30 price-to-earnings ratio, a 1.00 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for PYPL is $66.49 and a two-hundred day moving average price translates $71.27 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 $1.16, inline with analysts’ expectations of $1.16. 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 $7.39B 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.
