In today’s recent session, 2.91 million shares of the PayPal Holdings Inc (NASDAQ:PYPL) have been traded, and its beta is 1.41. Most recently the company’s share price was $64.37, and it changed around $1.62 or 2.58% from the last close, which brings the market valuation of the company to $65.81B. PYPL at last check was trading at a discount to its 52-week high of $70.66, offering almost -9.77% off that amount. The share price’s 52-week low was $50.25, which indicates that the recent value has risen by an impressive 21.94% since then. We note from PayPal Holdings Inc’s average daily trading volume that its 10-day average is 19.2 million shares, with the 3-month average coming to 12.27 million.
PayPal Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.15. If we narrow it down even further, the data shows that 0 out of 44 analysts rate the stock as a Sell; another 14 rate it as Overweight. Among the rest, 12 recommended PYPL as a Hold, whereas 18 deemed it a Buy, and 0 rated it as Underweight. PayPal Holdings Inc is expected to report earnings per share of 1.06 for the current quarter.
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PayPal Holdings Inc (NASDAQ:PYPL) trade information
Instantly PYPL has been showing a green trend so far today with a performance of 2.58% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 67.30 on recent trading dayincreased the stock’s daily price by 4.35%. The company’s shares are currently up 4.82% year-to-date, but still down -2.14% over the last five days. On the other hand, PayPal Holdings Inc (NASDAQ:PYPL) is 9.10% up in the 30-day period. We can see from the shorts that 20.55 million shares have been sold at a short interest cover period of 1.68 day(s).
The consensus price target as assigned by Wall Street analysts is $95, which translates to bulls needing to increase their stock price by 32.24% from its current value. Analyst projections state that PYPL is forecast to be at a low of $62 and a high of $290.
PayPal Holdings Inc (PYPL) estimates and forecasts
PayPal Holdings Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 1.04 percent over the past six months and at a -13.73% annual growth rate that is well below the industry average of 21.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -18.50% in revenue this quarter, and will report a decrease of -21.00% in the next quarter. The year-over-year growth rate is expected to be 14.80%, up from the previous year.
Consensus estimates provided by 27 financial analysts predict the company will bring in an average of 7.88B in revenue for the current quarter. 27 analysts expect PayPal Holdings Inc to make 8.48B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 7.42B and 7.5B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.20%. Forecasts for the next quarter put sales growth at 13.10%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 17.54%. PayPal Holdings Inc earnings are expected to increase by -13.85% in 2024, but the outlook is positive 19.45% per year for the next five years.
PayPal Holdings Inc (NASDAQ:PYPL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.21% of PayPal Holdings Inc shares, and 73.78% of them are in the hands of institutional investors. The stock currently has a share float of 73.93%. PayPal Holdings Inc stock is held by 2506.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-03-31, it held 8.3735% of the shares, which is about 90.18 million shares worth $6.04 billion.
BLACKROCK INC., with 6.9079% or 74.4 million shares worth $4.98 billion as of 2024-03-31, holds the second largest percentage of outstanding shares.
