Reviewing The Case For PayPal Holdings Inc (PYPL) Going Higher

Currently, there are 1.07B common shares owned by the public and among those 1.06B shares have been available to trade.

Insiders at the company have transacted a total of 91 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 60 of these insider trades were purchases, accounting for 783,863 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 372,847 shares.

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However, the script later moved the day high at 59.75, down -0.94%. The company’s stock has a 5-day price change of 0.39% and 1.53% over the past three months. PYPL shares are trading -3.70% year to date (YTD), with the 12-month market performance down to -24.09% lower. It has a 12-month low price of $50.25 and touched a high of $79.27 over the same period. PYPL has an average intraday trading volume of 19.09 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 -4.11%, -3.25%, and -4.64% respectively.

Institutional ownership of PayPal Holdings Inc (NASDAQ: PYPL) shares accounts for 69.14% of the company’s 1.07B shares outstanding.

It has a market capitalization of $63.38B and a beta (3y monthly) value of 1.45. The stock’s trailing 12-month PE ratio is 15.37, while the earnings-per-share (ttm) stands at $3.85. The company has a PEG of 0.78 and a Quick Ratio of 1.29 with the debt-to-equity ratio at 0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.73% over the week and 4.00% over the month.

Analysts forecast that PayPal Holdings Inc (PYPL) will achieve an EPS of $Tidal Trust II for the current quarter, $19.84 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $PYPT while analysts give the company a high EPS estimate of $PPL Corporation. Comparatively, EPS for the current quarter was $PYPS a year ago. Earnings per share for the fiscal year are expected to increase by 0.84%, and 10.40% over the next financial year. EPS should grow at an annualized rate of 19.80% over the next five years, compared to 17.54% over the past 5-year period.

Looking at the support for the PYPL, a number of firms have released research notes about the stock. Daiwa Securities stated their Neutral rating for the stock in a research note on February 13, 2024, with the firm’s price target at $64-$62.

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