The stock of PayPal Holdings Inc (NASDAQ:PYPL) last traded at $80.51, up 1.94% from the previous session.
PYPL stock price is now 11.49% away from the 50-day moving average and 24.50% away from the 200-day moving average. The market capitalization of the company currently stands at $82.31B.
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With the price target enhanced from $75 to $80, Bernstein Downgraded its rating from Outperform to Mkt Perform for PayPal Holdings Inc (NASDAQ: PYPL). , while ‘Daiwa Securities’ 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 $1.13 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 $1.89 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 $82.00. 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 $81650065408, which is based on a 19.50 price-to-earnings ratio, a 1.69 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for PYPL is $72.2104 and a two-hundred day moving average price translates $64.66522 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.
