Investing In PayPal Holdings Inc (NASDAQ: PYPL) Stock. Performance & Trends

In the latest trading session, 3.91 million PayPal Holdings Inc (NASDAQ:PYPL) shares changed hands as the company’s beta touched 1.37. With the company’s most recent per share price at $55.51 changed hands at -$1.48 or -2.61% at last look, the market valuation stands at $59.84B. PYPL’s current price is a discount, trading about -59.65% off its 52-week high of $88.62. The share price had its 52-week low at $50.25, which suggests the last value was 9.48% up since then. When we look at PayPal Holdings Inc’s average trading volume, we note the 10-day average is 13.6 million shares, with the 3-month average coming to 14.24 million.

Analysts gave the PayPal Holdings Inc (PYPL) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.85. If we narrow down to specifics, the data shows that 1 out of 48 analysts rate the stock as a Sell, with a further 3 assigning it an Overweight rating. Of the remaining, 17 recommended PYPL as a Hold, 27 felt it is a Buy and 0 rated the stock as Underweight. PayPal Holdings Inc’s EPS for the current quarter is expected to be $1.36.

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PayPal Holdings Inc (NASDAQ:PYPL) trade information

Instantly PYPL was in red as seen in intraday trades today. With action -2.07%, the performance over the past five days has been red. The drop to weekly highs of 58.56 on Monday, 11/20/23 subtracted -2.61% to the stock’s daily price. The company’s shares are showing year-to-date downside of -22.07%, with the 5-day performance at -2.07% in the red. However, in the 30-day time frame, PayPal Holdings Inc (NASDAQ:PYPL) is 3.84% up. Looking at the short shares, we see there were 17.97 million shares sold at short interest cover period of 1.27 days.

The consensus price target for the stock as assigned by Wall Street analysts is $75.04, meaning bulls need an upside of 26.03% from its recent market value. According to analyst projections, PYPL’s forecast low is $52.00 with $120.00 as the target high. To hit the forecast high, the stock’s price needs a -116.18% plunge from its current level, while the stock would need to tank 6.32% for it to hit the projected low.

PayPal Holdings Inc (PYPL) estimates and forecasts

Data shows that the PayPal Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -10.48% over the past 6 months, a 20.34% in annual growth rate that is considerably higher than the industry average of 18.40%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for PayPal Holdings Inc will rise 9.70%, while the growth in revenue is estimated to hit 10.30% for the next quarter. Year-over-year growth is forecast to reach 7.60% up from the last financial year.

Consensus estimates given by 30 financial analysts project the company’s revenue in the current quarter to hit an average of $7.87 billion. 26 analysts are of the opinion that PayPal Holdings Inc’s revenue for the quarter ending Mar 2024 will be $7.53 billion. The company’s revenue for the corresponding quarters a year ago was $7.38 billion and $7.04 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.60%. The estimates for the next quarter sales put growth at 6.90%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 7.28%. The 2023 estimates are for PayPal Holdings Inc earnings to increase by 20.58%, but the outlook for the next 5-year period is at 18.38% per year.

PYPL Dividends

PayPal Holdings Inc is expected to release its next quarterly earnings report between February 07 and February 12.

PayPal Holdings Inc (NASDAQ:PYPL)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.21% of PayPal Holdings Inc shares while 75.81% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 75.97%. There are 75.81% institutions holding the PayPal Holdings Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 8.41% of the shares, roughly 92.34 million PYPL shares worth $6.16 billion.

Blackrock Inc. holds the second largest percentage of outstanding shares, with 6.84% or 75.1 million shares worth $5.01 billion as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 34.8 million shares estimated at $2.32 billion under it, the former controlled 3.17% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.42% of the shares, roughly 26.56 million shares worth around $1.77 billion.

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