The stock of PayPal Holdings Inc (NASDAQ:PYPL) last traded at $56.39, up 1.13% from the previous session.
Data from the available sources indicates that PayPal Holdings Inc (NASDAQ:PYPL) is covered by 48 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $120.00 and a low of $52.00, we find $72.00. Given the previous closing price of $55.76, this indicates a potential upside of 29.12 percent. PYPL stock price is now -0.01% away from the 50-day moving average and -14.51% away from the 200-day moving average. The market capitalization of the company currently stands at $60.80B.
In total, 17 analysts have assigned it a hold rating, and 27 have given it a buy rating. Brokers who have rated the stock have averaged $75.04 as their price target over the next twelve months.
With the price target of $55, Wells Fargo recently initiated with Equal Weight rating for PayPal Holdings Inc (NASDAQ: PYPL).
In other news, Auerbach Jonathan, Chief Strat., Gr & Data Ofr sold 64,957 shares of the company’s stock on Nov 21. The stock was sold for $3,610,373 at an average price of $55.58. Upon completion of the transaction, the Chief Strat., Gr & Data Ofr now directly owns 79,051 shares in the company, valued at $4.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05, Acting CFO & SVP, IR & Treas Scheibe Gabrielle sold 213 shares of the business’s stock. A total of $13,500 was realized by selling the stock at an average price of $63.38. This leaves the insider owning 29,149 shares of the company worth $1.64 million. Insiders disposed of 373,646 shares of company stock worth roughly $21.07 million over the past 1 year. A total of 0.84% of the company’s stock is owned by insiders.
With an opening price of $56.00 on Monday morning, PayPal Holdings Inc (NASDAQ: PYPL) set off the trading day. During the past 12 months, PayPal Holdings Inc has had a low of $50.25 and a high of $88.62. As of last week, the company has a debt-to-equity ratio of 0.57, 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 $59.90B, which is based on a 16.79 price-to-earnings ratio, a 0.91 price-to-earnings-growth ratio, and a beta of 1.36. The fifty day moving average price for PYPL is $56.39 and a two-hundred day moving average price translates $65.96 for the stock.
The latest earnings results from PayPal Holdings Inc (NASDAQ: PYPL) was released for Sep, 2023. The net profit margin was 13.04% and return on equity was 18.82% for PYPL. The company reported revenue of $7.42 billion for the quarter, compared to $6.85 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.36 percent.
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.
