Stocks of PayPal Holdings Inc (NASDAQ:PYPL) traded higher last session on Wall Street, up 0.23% to $86.77.
PYPL stock price is now 6.47% away from the 50-day moving average and 27.03% away from the 200-day moving average. The market capitalization of the company currently stands at $87.19B.
On October 28, 2024, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $95 to quote $110, while ‘Mizuho’ rates the stock as ‘Outperform’
In other news, MESSEMER DEBORAH M., Director sold 4,422 shares of the company’s stock on May 24 ’24. The stock was sold for $272,616 at an average price of $61.65. Upon completion of the transaction, the Director now directly owns 13,976 shares in the company, valued at $1.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, SVP, GM, Lg Ent & Mer Plat. Keller Frank sold 7,686 shares of the business’s stock. A total of $466,077 was realized by selling the stock at an average price of $60.64. This leaves the insider owning 23,430 shares of the company worth $2.03 million. A total of 0.36% of the company’s stock is owned by insiders.
During the past 12 months, PayPal Holdings Inc has had a low of $55.77 and a high of $88.74. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 1.25, and a quick ratio of 1.25. According to the stock market information, the enterprise value for the company is $88329297920, which is based on a 20.73 price-to-earnings ratio, a 1.73 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for PYPL is $81.493 and a two-hundred day moving average price translates $68.30623 for the stock.
The latest earnings results from PayPal Holdings Inc (NASDAQ: PYPL) was released for 2024-09-30. The net profit margin was 14.06% and return on equity was 22.19% for PYPL. The company reported revenue of $7.85 billion for the quarter, compared to $7.42 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.78 percent.
