During the last session, PayPal Holdings Inc (NASDAQ:PYPL)’s traded shares were 14.81 million, with the beta value of the company hitting 1.44. At the end of the trading day, the stock’s price was $78.22, reflecting an intraday loss of -2.57% or -$2.06. The 52-week high for the PYPL share is $83.70, that puts it down -7.01 from that peak though still a striking 35.34% gain since the share price plummeted to a 52-week low of $50.58. The company’s market capitalization is $79.97B, and the average intraday trading volume over the past 10 days was 12.01 million shares, and the average trade volume was 12.07 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 2.11. 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 1.1.
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PayPal Holdings Inc (NASDAQ:PYPL) trade information
PayPal Holdings Inc (PYPL) registered a -2.57% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.57% in intraday trading to $78.22, hitting a weekly high. The stock’s 5-day price performance is -3.23%, and it has moved by 0.97% in 30 days. Based on these gigs, the overall price performance for the year is 53.22%. The short interest in PayPal Holdings Inc (NASDAQ:PYPL) is 24.22 million shares and it means that shorts have 2.19 day(s) to cover.
The consensus price target of analysts on Wall Street is $90, which implies an increase of 13.09% 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 -270.75% off the target high and 20.74% 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 18.26% during the last six months, with a year-to-date growth rate less than the industry average at -12.35% against 18.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -20.30% this quarter and then jump 1.90% in the quarter after that. In the rating firms’ projections, revenue will increase 14.50% 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 8.36B as predicted by 29 analyst(s). Meanwhile, a consensus of 21 analyst(s) estimates revenue growth to 8.08B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 7.5B and 7.7B respectively. In this case, analysts expect current quarter sales to grow by 11.40% and then jump by 5.00% 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 -10.73% in 2024, the next five years will return 10.80% per annum.
PYPL Dividends
PayPal Holdings Inc is due to release its next quarterly earnings on 2025-Feb-05. 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 0.22% of total outstanding shares while institutional holders control 74.50%, with the float percentage being 74.66%. VANGUARD GROUP INC is the largest shareholder of the company, while 2526.0 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.
