PayPal Holdings Inc (NASDAQ:PYPL) At $68.10: Does It Look Expensive?

In recent trading session, PayPal Holdings Inc (NASDAQ:PYPL) saw 2.32 million shares changing hands at last check today with its beta currently measuring 1.43. Company’s recent per share price level of $68.10 trading at $0.16 or 0.24% at last check today assigns it a market valuation of $69.62B. That most recent trading price of PYPL’s stock is at a discount of -3.76% from its 52-week high price of $70.66 and is indicating a premium of 26.21% from its 52-week low price of $50.25. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 12.48 million shares which gives us an average trading volume of 12.38 million if we extend that period to 3-months.

For PayPal Holdings Inc (PYPL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.16. Splitting up the data highlights that, out of 30 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 12 suggested the stock as a Hold whereas 18 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 1.06 in the current quarter.

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PayPal Holdings Inc (NASDAQ:PYPL) trade information

Upright in the green today for gaining 0.24%, in the last five days PYPL remained trading in the green while hitting it’s week-highest on Friday, 08/16/24 when the stock touched $68.10 price level, adding 0.28% to its value on the day. PayPal Holdings Inc’s shares saw a change of 10.89% in year-to-date performance and have moved 5.22% in past 5-day. PayPal Holdings Inc (NASDAQ:PYPL) showed a performance of 13.50% in past 30-days. Number of shares sold short was 21.37 million shares which calculate 1.74 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 92.5 to the stock, which implies a rise of 26.38% to its recent value today. Analysts have been projecting 62 as a low price target for the stock while placing it at a high target of 290. It follows that stock’s current price would jump 8.96% in reaching the projected high whereas dropping to the targeted low would mean a gain of 8.96% for stock’s current value.

PayPal Holdings Inc (PYPL) estimates and forecasts

Statistics highlight that PayPal Holdings Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 14.07% of value to its shares in past 6 months, showing an annual growth rate of -13.33% while that of industry is 19.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 14.80% from the last financial year’s standing.

28 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 7.88B for the same. And 28 analysts are in estimates of company making revenue of 8.49B in the next quarter. Company posted 7.42B and 7.5B of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 17.54% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -13.66% while estimates for its earnings growth in next 5 years are of 19.45%.

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

Insiders are in possession of 0.21% of company’s total shares while institution are holding 74.54 percent of that, with stock having share float percentage of 74.69%. Investors also watch the number of corporate investors in a company very closely, which is 74.54% institutions for PayPal Holdings Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at PYPL for having 90.18 million shares of worth $6.04 billion. And as of 2024-03-31, it was holding 8.4758 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 74.4 million shares on 2024-03-31. The number of shares represents firm’s hold over 6.9923 of outstanding shares, having a total worth of $4.98 billion.