The Vanguard Group, Inc. recently announced the acquisition of new stake in PayPal Holdings Inc. (NASDAQ:PYPL). The institutional investor has increased its shareholding in the Financial company by 0.09% to 90.08 million shares with purchase of 80192.0 shares. This fresh investment now brings its stake to 7.67% valued currently at $17.66 billion. In addition, BlackRock Fund Advisors raised its holdings by 1.86 million to 52.28 million shares. And SSgA Funds Management, Inc. has lifted its position by 1.61% or 0.74 million shares – to 47.06 million shares.
With over 5.09 million PayPal Holdings Inc. (PYPL) shares trading Tuesday and a closing price of $201.67 on the day, the dollar volume was approximately $1.03 billion. The shares have shown a positive weekly performance of 3.65% and its price on 08/25/20 gained nearly 1.40%. Currently, there are 1.17B common shares owned by the public and among those 1.17B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 43 analysts who have offered their price forecasts for PYPL have a consensus price objective of $218.63. The analysts have set the share’s price value over the next 12 months at a high of $235.00 and a low of $200.00 should the stock experience a downside. Incidentally, analysts’ outlook for the PayPal Holdings Inc. stock is 1.80 for the next 12 months. The average price target is 7.26% above its last price level and an upside to the estimated low will see the stock lose -0.83% over that period. But an upside of 14.18% will see the stock hit the forecast high price target while mean target price for the stock is $219.00.
Insiders at the company have transacted a total of 184 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 67 of these insider trades were purchases, accounting for 1,454,284 shares. Insider sales of the common stock occurred on 117 occasions, with total insider shares sold totaling 1,347,983 shares.
The top 3 mutual fund holders in PayPal Holdings Inc. are Vanguard Total Stock Market Index, Vanguard 500 Index Fund, and American Funds Growth Fund of Ame. Vanguard Total Stock Market Index owns 33.37 million shares of the company’s stock, all valued at over $6.54 billion. The company sold 91389.0 shares recently to bring their total holdings to about 2.84% of the shares outstanding. Vanguard 500 Index Fund sold -0.15 million shares to see its total holdings shrink to 24.21 million shares valued at over $4.75 billion and representing 2.06% of the shares outstanding. American Funds Growth Fund of Ame bought 96000.0 shares to bring its total holdings to over 15.5 million shares at a value of $3.04 billion. American Funds Growth Fund of Ame now owns shares totaling to 1.32% of the shares outstanding.
Shares of PayPal Holdings Inc. (NASDAQ: PYPL) opened at $198.49, down -$0.39 from a prior closing price of $198.88. However, the script later closed the day at $201.67, up 1.40%. The company’s stock has a 5-day price change of 3.65% and 38.17% over the past three months. PYPL shares are trading 86.44% year to date (YTD), with the 12-month market performance up to 87.32% higher. It has a 12-month low price of $82.07 and touched a high of $204.23 over the same period. Currently, 5.09 million shares have been traded, compared to an average intraday trading volume of 7.57 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.82%, 11.24%, and 52.13% respectively.
Institutional ownership of PayPal Holdings Inc. (NASDAQ: PYPL) shares accounts for 86.60% of the company’s 1.17B shares outstanding. Mutual fund holders own 46.02%, while other institutional holders and individual stakeholders account for 6.13% and 39.94% respectively.
It has a market capitalization of $238.43B and a beta (3y monthly) value of 1.17. The stock’s trailing 12-month PE ratio is 92.55, while the earnings-per-share (ttm) stands at $2.18. The company has a PEG of 3.96 and a Quick Ratio of 1.40 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.60% over the week and 2.80% over the month.
Analysts forecast that PayPal Holdings Inc. (PYPL) will achieve an EPS of $0.94 for the current quarter, $1.06 for the next quarter and $4.54 for 2021. The lowest estimate earnings-per-share for the quarter is $0.76 while analysts give the company a high EPS estimate of $0.98. Comparatively, EPS for the current quarter was $0.61 a year ago. Earnings per share for the fiscal year are expected to increase by 19.90%, and 21.81% over the next financial year. EPS should shrink at an annualized rate of 23.37% over the next five years, compared to 43.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 43 brokerage firm advisors rate PayPal Holdings Inc. (PYPL) as a “Strong Buy” at a consensus score of 1.80. Specifically, 32 Wall Street analysts polled rate the stock as a buy, while 6 of the 43 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the PYPL, a number of firms have released research notes about the stock. Stephens stated their Overweight rating for the stock in a research note on August 04, 2020, with the firm’s price target at $194-$228. Canaccord Genuity coverage for the PayPal Holdings Inc. (PYPL) stock in a research note released on July 30, 2020 offered a Buy rating with a price target of $218. Daiwa Securities was of a view on July 21, 2020 that the stock is Outperform, while BofA Securities gave the stock Buy rating on July 13, 2020, issuing a price target of $194- $215. Piper Sandler on their part issued Overweight rating on July 07, 2020.