PayPal Holdings Inc (NASDAQ:PYPL) shares traded 2.20% higher at $64.23 on Wall Street last session.
PYPL stock price is now 5.84% away from the 50-day moving average and 4.42% away from the 200-day moving average. The market capitalization of the company currently stands at $68.84B.
With the price target reduced from $64 to $62, Daiwa Securities Downgraded its rating from Outperform to Neutral for PayPal Holdings Inc (NASDAQ: PYPL). On February 09, 2024, DZ Bank Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $60, while ‘Argus’ rates the stock as ‘Hold’
In other news, Keller Frank, SVP, GM, Lg Ent & Mer Plat. sold 7,686 shares of the company’s stock on Mar 01 ’24. The stock was sold for $466,077 at an average price of $60.64. Upon completion of the transaction, the SVP, GM, Lg Ent & Mer Plat. now directly owns 23,430 shares in the company, valued at $1.5 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’23, EVP, Global Sales Alford Peggy sold 15,000 shares of the business’s stock. A total of $851,428 was realized by selling the stock at an average price of $56.76. This leaves the insider owning 40,601 shares of the company worth $2.61 million. A total of 0.89% of the company’s stock is owned by insiders.
During the past 12 months, PayPal Holdings Inc has had a low of $50.25 and a high of $77.95. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 1.29, and a quick ratio of 1.29. According to the stock market information, the enterprise value for the company is $62.99B, which is based on a 16.70 price-to-earnings ratio, a 0.84 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for PYPL is $60.80 and a two-hundred day moving average price translates $61.53 for the stock.
The latest earnings results from PayPal Holdings Inc (NASDAQ: PYPL) was released for Dec, 2023. According to the Credit Services Company, earnings per share came in at $1.36, beating analysts’ expectations of $1.25 by 0.11. This compares to $0.80 EPS in the same period last year. The net profit margin was 14.31% and return on equity was 20.55% for PYPL. The company reported revenue of $8.03 billion for the quarter, compared to $7.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.71 percent. For the current quarter, analysts expect PYPL to generate $6.89B 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. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards. The company provides payment solutions under the PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy names. The company was founded in 1998 and is headquartered in San Jose, California.
