PayPal Holdings Inc (NASDAQ:PYPL) shares traded -0.72% lower at $77.47 on Wall Street last session.
PYPL stock price is now 12.46% away from the 50-day moving average and 21.27% away from the 200-day moving average. The market capitalization of the company currently stands at $79.20B.
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On August 09, 2024, Daiwa Securities Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $68 to quote $72, while ‘Bernstein’ 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 $1.08 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 $1.82 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 $80.63. As of last week, the company has a debt-to-equity ratio of 0.63, a current ratio of 1.24, and a quick ratio of 1.24. According to the stock market information, the enterprise value for the company is $78542168064, which is based on a 18.77 price-to-earnings ratio, a 0.72 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for PYPL is $69.2234 and a two-hundred day moving average price translates $63.960926 for the stock.
The latest earnings results from PayPal Holdings Inc (NASDAQ: PYPL) was released for 2024-06-30. The net profit margin was 14.30% and return on equity was 22.03% for PYPL. The company reported revenue of $7.88 billion for the quarter, compared to $7.29 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.21 percent.
