In the latest trading session, 6.06 million PayPal Holdings Inc (NASDAQ:PYPL) shares changed hands as the company’s beta touched 1.51. With the company’s most recent per share price at $78.26 changing hands around $0.54 or 0.69% at last look, the market valuation stands at $78.46B. PYPL’s current price is a discount, trading about -19.68% off its 52-week high of $93.66. The share price had its 52-week low at $55.77, which suggests the last value was 28.74% up since then. When we look at PayPal Holdings Inc’s average trading volume, we note the 10-day average is 8.15 million shares, with the 3-month average coming to 9.25 million.
Analysts gave the PayPal Holdings Inc (PYPL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.14. If we narrow down to specifics, the data shows that 0 out of 30 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 12 recommended PYPL as a Hold, 18 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 1.16.
PayPal Holdings Inc (NASDAQ:PYPL) trade information
Instantly PYPL is in green as seen in intraday trades today. With action -11.83%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -8.31%, with the 5-day performance at -11.83% in the red. However, in the 30-day time frame, PayPal Holdings Inc (NASDAQ:PYPL) is -10.66% down. Looking at the short shares, we see there were 28.49 million shares sold at short interest cover period of 3.55 days.
The consensus price target for the stock as assigned by Wall Street analysts is 81, meaning bulls need an upside of 3.38% from its recent market value. According to analyst projections, PYPL’s forecast low is 72 with 95 as the target high. To hit the forecast high, the stock’s price needs a -21.39% plunge from its current level, while the stock would need to tank 8.0% 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 not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 29.44% over the past 6 months, a 5.81% in annual growth rate that is considerably lower than the industry average of 25.90%. Year-over-year growth is forecast to reach 4.05% up from the last financial year.
Consensus estimates given by 27 financial analysts project the company’s revenue in the current quarter to hit an average of 7.85B. 27 analysts are of the opinion that PayPal Holdings Inc’s revenue for the current quarter will be 8.12B. The company’s revenue for the corresponding quarters a year ago was 7.7B and 7.88B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.01%. The estimates for the next quarter sales put growth at 3.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 14.03%. The 2025 estimates are for PayPal Holdings Inc earnings to increase by 7.64%, but the outlook for the next 5-year period is at 10.52% per year.
PYPL Dividends
PayPal Holdings Inc is expected to release its next quarterly earnings report in March.
PayPal Holdings Inc (NASDAQ:PYPL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.23% of PayPal Holdings Inc shares while 74.96% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 75.14%. There are 74.96% institutions holding the PayPal Holdings Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 8.248% of the shares, roughly 87.76 million PYPL shares worth $5.09 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.8459% or 72.84 million shares worth $4.23 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 32.41 shares estimated at $2.54 billion under it, the former controlled 3.23% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.67% of the shares, roughly 26.78 shares worth around $2.1 billion.
