PayPal Holdings Inc. (NASDAQ:PYPL)’s traded shares stood at 1.81 million during the latest session, with the company’s beta value hitting 1.17. At the last check today, the stock’s price was $297.41, to imply a decrease of -1.11% or -$3.34 in intraday trading. The PYPL share’s 52-week high remains $309.14, putting it -3.94% down since that peak but still an impressive 44.02% since price per share fell to its 52-week low of $166.50. The company has a valuation of $347.23B, with an average of 5.82 million shares in intraday trading volume over the past 10 days and average of 6.47 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for PayPal Holdings Inc. (PYPL), translating to a mean rating of 1.80. Of 48 analyst(s) looking at the stock, 1 analyst(s) give PYPL a Sell rating. 5 of those analysts rate the stock as Overweight while 6 advise Hold as 36 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $1.13.
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After registering a -1.11% downside in the latest session, PayPal Holdings Inc. (PYPL) has traded red over the past five days. The stock hit a weekly high of 307.82 this Wednesday, 07/14/21, dropping -1.11% in its intraday price action. The 5-day price performance for the stock is 1.22%, and 9.39% over 30 days. With these gigs, the year-to-date price performance is 28.42%. Short interest in PayPal Holdings Inc. (NASDAQ:PYPL) saw shorts transact 12.2 million shares and set a 2.04 days time to cover.
Analysts on Wall Street suggest a consensus price target of $323.88, implying an increase of 8.17% to the stock’s recent value. The extremes give us $250.00 and $375.00 for target low and target high price respectively. As such, PYPL has been trading -26.09% off suggested target high and 15.94% from its likely low.
PayPal Holdings Inc. (PYPL) estimates and forecasts
Looking at statistics comparing PayPal Holdings Inc. share performance against respective industry, we note that the company has outperformed competitors. PayPal Holdings Inc. (PYPL) shares are 26.56% up over the last 6 months, with its year-to-date growth rate higher than industry average at 21.91% against 3.10%. Revenue is forecast to grow 5.60% this quarter before jumping 6.50% for the next one. The rating firms project that company’s revenue will grow 20.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 37 analysts is $6.27 billion. Meanwhile, for the quarter ending Sep 2021, a total of 37 analyst(s) estimate revenue growth to $6.43 billion.Earnings reports from the last fiscal year show that sales brought in $5.26 billion and $5.43 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 19.10% before jumping 18.50% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 28.80% for the past 5-year period. While 2021 is set for a 71.00% return in earnings, projections for the next 5 years are at 23.52% annually.
PayPal Holdings Inc. has its next earnings report out on July 28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. PayPal Holdings Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
PayPal Holdings Inc. (NASDAQ:PYPL)’s Major holders
PayPal Holdings Inc. insiders hold 0.12% of total outstanding shares, with institutional holders owning 82.47% of the shares at 82.57% float percentage. In total, 82.47% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Mar 30, 2021, the company held over 92.94 million shares (or 7.91% of shares), all amounting to roughly $22.57 billion.
The next major institution holding the largest number of shares is Blackrock Inc. with 82.6 million shares, or about 7.03% of shares outstanding. As of the market price on Mar 30, 2021, these shares were worth $20.06 billion.
We also have Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund as the top two Mutual Funds with the largest holdings of the PayPal Holdings Inc. (PYPL) shares. Going by data provided on Mar 30, 2021, Vanguard Total Stock Market Index Fund holds roughly 33.01 million shares. This is just over 2.81% of the total shares, with a market valuation of $8.02 billion. Data from the same date shows that the other fund manager holds a little less at 23.98 million, or 2.04% of the shares, all valued at about 5.82 billion.