In yesterday’s Wall Street session, PayPal Holdings Inc (NASDAQ:PYPL) shares traded at $59.04, up 0.17% from the previous session.
48 analysts cover PayPal Holdings Inc (NASDAQ:PYPL), according to research data. 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 $69.83. Given the previous closing price of $58.94, this indicates a potential upside of 18.48 percent. PYPL stock price is now 5.26% away from the 50-day moving average and -9.21% away from the 200-day moving average. The market capitalization of the company currently stands at $63.65B.
The stock has received a hold rating from 19 analysts and a buy rating from 25. Brokers who have rated the stock have averaged $74.10 as their price target over the next twelve months.
With the price target reduced from $77 to $66, BofA Securities Downgraded its rating from Buy to Neutral for PayPal Holdings Inc (NASDAQ: PYPL).
In other news, Alford Peggy, EVP, Global Sales sold 15,000 shares of the company’s stock on Nov 27. The stock was sold for $851,428 at an average price of $56.76. Upon completion of the transaction, the EVP, Global Sales now directly owns 40,601 shares in the company, valued at $2.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21, Chief Strat., Gr & Data Ofr Auerbach Jonathan sold 64,957 shares of the business’s stock. A total of $3,610,373 was realized by selling the stock at an average price of $55.58. This leaves the insider owning 79,051 shares of the company worth $4.67 million. Insiders disposed of 373,646 shares of company stock worth roughly $22.06 million over the past 1 year. A total of 0.84% of the company’s stock is owned by insiders.
On Monday morning PayPal Holdings Inc (NASDAQ: PYPL) stock kicked off with the opening price of $59.10. 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 $62.75B, which is based on a 17.58 price-to-earnings ratio, a 0.96 price-to-earnings-growth ratio, and a beta of 1.45. The fifty day moving average price for PYPL is $56.09 and a two-hundred day moving average price translates $65.03 for the stock.
The latest earnings results from PayPal Holdings Inc (NASDAQ: PYPL) was released for Sep, 2023. According to the Credit Services Company, earnings per share came in at $1.21, beating analysts’ expectations of $1.14 by 0.07. This compares to $1.15 EPS in the same period last year. 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. For the current quarter, analysts expect PYPL to generate $7.3B 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.
