In yesterday’s Wall Street session, PayPal Holdings Inc (NASDAQ:PYPL) shares traded at $64.66, down -0.57% from the previous session.
PYPL stock price is now 4.84% away from the 50-day moving average and 4.97% away from the 200-day moving average. The market capitalization of the company currently stands at $69.30B.
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 $1.51 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 $2.63 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 $64.92B, which is based on a 16.81 price-to-earnings ratio, a 0.85 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for PYPL is $61.60 and a two-hundred day moving average price translates $61.41 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 $1.48, beating analysts’ expectations of $1.36 by 0.12. 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 $7.51B in revenue.
