The price of PayPal Holdings Inc (NASDAQ:PYPL) shares last traded on Wall Street rose 0.59% to $64.48.
PYPL stock price is now 0.13% away from the 50-day moving average and 6.15% away from the 200-day moving average. The market capitalization of the company currently stands at $67.45B.
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With the price target enhanced from $80 to $88, Monness Crespi & Hardt maintained Buy rating for PayPal Holdings Inc (NASDAQ: PYPL). On February 13, 2024, Daiwa Securities Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $64 to quote $62, while ‘DZ Bank’ 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 $2.62 million. A total of 0.90% 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 $76.54. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 1.28, and a quick ratio of 1.28.
The net profit margin was 14.26% and return on equity was 21.40% for PYPL. The company reported revenue of $7.7 billion for the quarter, compared to $7.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.36 percent.
