In yesterday’s Wall Street session, PayPal Holdings Inc (NASDAQ:PYPL) shares traded at $59.71, down -1.74% from the previous session.
PYPL stock price is now -3.18% away from the 50-day moving average and -1.64% away from the 200-day moving average. The market capitalization of the company currently stands at $62.46B.
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On July 02, 2024, Susquehanna Upgraded its previous ‘Neutral’ rating to ‘Positive’ on the stock keeping its target price maintained at $71, while ‘Goldman’ rates the stock as ‘Neutral’
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 $0.83 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 $1.4 million. A total of 0.34% 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. According to the stock market information, the enterprise value for the company is $59799408640, which is based on a 15.02 price-to-earnings ratio, a 0.94 price-to-earnings-growth ratio, and a beta of 1.43. The fifty day moving average price for PYPL is $61.5789 and a two-hundred day moving average price translates $60.71 for the stock.
The latest earnings results from PayPal Holdings Inc (NASDAQ: PYPL) was released for 2024-03-31. 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.
