During the recent session, PayPal Holdings Inc (NASDAQ:PYPL)’s traded shares were 1.84 million, with the beta value of the company hitting 1.44. At the last check today, the stock’s price was $80.40, reflecting an intraday gain of 1.80% or $1.42. The 52-week high for the PYPL share is $82.00, that puts it down -1.99 from that peak though still a striking 37.5% gain since the share price plummeted to a 52-week low of $50.25. The company’s market capitalization is $82.20B, and the average intraday trading volume over the past 10 days was 9.24 million shares, and the average trade volume was 12.04 million shares over the past three months.
PayPal Holdings Inc (PYPL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.13. PYPL has a Sell rating from 0 analyst(s) out of 30 analysts who have looked at this stock. 12 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 18 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 1.06.
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PayPal Holdings Inc (NASDAQ:PYPL) trade information
PayPal Holdings Inc (PYPL) registered a 1.80% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.80% in intraday trading to $80.40, hitting a weekly high. The stock’s 5-day price performance is 1.32%, and it has moved by 14.28% in 30 days. Based on these gigs, the overall price performance for the year is 38.46%. The short interest in PayPal Holdings Inc (NASDAQ:PYPL) is 23.15 million shares and it means that shorts have 1.94 day(s) to cover.
The consensus price target of analysts on Wall Street is $85, which implies an increase of 5.41% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $62 and $290 respectively. As a result, PYPL is trading at a discount of -260.7% off the target high and 22.89% off the low.
PayPal Holdings Inc (PYPL) estimates and forecasts
Statistics show that PayPal Holdings Inc has underperformed its competitors in share price, compared to the industry in which it operates. PayPal Holdings Inc (PYPL) shares have gone up 24.49% during the last six months, with a year-to-date growth rate less than the industry average at -13.33% against 18.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -18.50% this quarter and then drop -21.00% in the quarter after that. In the rating firms’ projections, revenue will increase 14.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 7.88B as predicted by 28 analyst(s). Meanwhile, a consensus of 28 analyst(s) estimates revenue growth to 8.47B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 7.42B and 7.5B respectively. In this case, analysts expect current quarter sales to grow by 6.20% and then jump by 13.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 17.54%. While earnings are projected to return -13.28% in 2024, the next five years will return 11.52% per annum.
PYPL Dividends
PayPal Holdings Inc is due to release its next quarterly earnings on 2024-Oct-30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
PayPal Holdings Inc (NASDAQ:PYPL)’s Major holders
PayPal Holdings Inc insiders own 0.21% of total outstanding shares while institutional holders control 74.03%, with the float percentage being 74.19%. VANGUARD GROUP INC is the largest shareholder of the company, while 2485.0 institutions own stock in it. As of 2024-06-30, the company held over 87.76 million shares (or 8.248% of all shares), a total value of $5.09 billion in shares.
The next largest institutional holding, with 72.84 million shares, is of BLACKROCK INC.’s that is approximately 6.8459% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $4.23 billion.
