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Are we looking at the next big move in PayPal Holdings Inc (PYPL)?

PayPal Holdings Inc (NASDAQ: PYPL) is 5.29% higher on its value in year-to-date trading and has touched a low of $50.25 and a high of $77.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PYPL stock was last observed hovering at around $65.03 in the last trading session, with the day’s loss setting it -0.37%.

Currently trading at $64.66, the stock is 2.90% and 4.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.32 million and changing -0.57% at the moment leaves the stock 4.97% off its SMA200. PYPL registered -13.08% loss for a year compared to 6-month gain of 10.61%. The firm has a 50-day simple moving average (SMA 50) of $2.18 and a 200-day simple moving average (SMA200) of $9.50.

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The stock witnessed a 6.81% loss in the last 1 month and extending the period to 3 months gives it a 5.29%, and is -2.03% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.59% over the week and 2.85% over the month.

PayPal Holdings Inc (PYPL) has around 27200 employees, a market worth around $69.30B and $29.68B in sales. Current P/E ratio is 16.81 and Fwd P/E is 11.41. Profit margin for the company is 14.31%. Distance from 52-week low is 28.68% and -17.05% from its 52-week high. The company has generated returns on investments over the last 12 months (13.63%).

PayPal Holdings Inc quarterly earnings per share for the current quarter are estimated at $1.21 with sales reaching $7.51B over the same period.The EPS is expected to grow by 0.63% this year, but quarterly earnings will post 7.00% year-over-year. Quarterly sales are estimated to grow 6.60% in year-over-year returns.

PayPal Holdings Inc (PYPL) Top Institutional Holders

2,602 institutions hold shares in PayPal Holdings Inc (PYPL), with institutional investors hold 72.85% of the company’s shares. The shares outstanding are 1.07B, and float is at 1.06B with Short Float at 2.16%. Institutions hold 72.70% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 92.34 million shares valued at $6.16 billion. The investor’s holdings represent 8.41% of the PYPL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 75.1 million shares valued at $5.01 billion to account for 6.84% of the shares outstanding. The other top investors are State Street Corporation which holds 45.85 million shares representing 4.18% and valued at over $3.06 billion, while Comprehensive Financial Management, LLC holds 2.70% of the shares totaling 29.66 million with a market value of $1.98 billion.

PayPal Holdings Inc (PYPL) Insider Activity

The most recent transaction is an insider sale by Keller Frank,the company’sSVP, GM, Lg Ent & Mer Plat. SEC filings show that Keller Frank sold 7,686 shares of the company’s common stock on Mar 01 ’24 at a price of $60.64 per share for a total of $0.47 million. Following the sale, the insider now owns 23430.0 shares.

PayPal Holdings Inc disclosed in a document filed with the SEC on Nov 27 ’23 that Alford Peggy (EVP, Global Sales) sold a total of 15,000 shares of the company’s common stock. The trade occurred on Nov 27 ’23 and was made at $56.76 per share for $0.85 million. Following the transaction, the insider now directly holds 40601.0 shares of the PYPL stock.

Still, SEC filings show that on Nov 21 ’23, Auerbach Jonathan (Chief Strat., Gr & Data Ofr) disposed off 64,957 shares at an average price of $55.58 for $3.61 million. The insider now directly holds 79,051 shares of PayPal Holdings Inc (PYPL).

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