Paypal Stock – PayPal Holdings, Inc. (NASDAQ:PYPL) In 2021: Will It Be Worth Investing In?

In today’s recent session, 3,780,626 shares of the PayPal Holdings, Inc.(NASDAQ:PYPL) have been traded, and its beta is 1.15. Most recently the company’s share price was $255.18, and it changed around $1.99 or 0.01% from the last close, which brings the market valuation of the company to $298.72 Billion. PYPL at last check was trading at a discount to its 52-week high of $309.14, offering almost -21.15% off that amount. The share price’s 52-week low was $99.9, which indicates that the recent value has risen by an impressive 60.85% since then. We note from PayPal Holdings, Inc.’s average daily trading volume that its 10-day average is 7.09 Million shares, with the 3-month average coming to 9.78 Million.

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PayPal Holdings, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.8. If we narrow it down even further, the data shows that 1 out of 49 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 6 recommended PYPL as a Hold, whereas 37 deemed it a Buy, and no one rated it as Underweight. PayPal Holdings, Inc. is expected to report earnings per share of $1.01 for the current quarter.

Instantly PYPL has been showing a green trend so far today with a performance of 0.79% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $259.2 on Wednesday, Apr 07 increased the stock’s daily price by 0.81%. The company’s shares are currently up 0.1% year-to-date, but still up 0.087 over the last five days. On the other hand, PayPal Holdings, Inc. (NASDAQ:PYPL) is 0.08% up in the 30-day period. We can see from the shorts that 15.47 Million shares have been sold at a short interest cover period of 1.58 day(s).

The consensus price target as assigned by Wall Street analysts is $311.58, which translates to bears needing to increase their stock price by 22.1% from its current value. Analyst projections state that PYPL is forecast to be at a low of $241 and a high of $375. In order for the stock price to hit the forecast high, the stock would need to surge +46.96% from its current level, while the stock would need to crash -5.56% from its current level to reach the projected low.

PayPal Holdings, Inc. (PYPL) projections and forecasts

PayPal Holdings, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +31.93 percent over the past six months and at a 17.78% annual growth rate that is well above the industry average of -1.3%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +53% in revenue this quarter, and will report an increase of 2.8% in the next quarter. The year-over-year growth rate is expected to be 19.8%, up from the previous year.

Consensus estimates provided by 36 financial analysts predict the company will bring in an average of $5.9 Billion in revenue for the current quarter. 36 analysts expect PayPal Holdings, Inc. to make $6.16 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $4.62 Billion and $5.26 Billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 27.7%. Forecasts for the next quarter put sales growth at 17.2%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 28.8%. PayPal Holdings, Inc. earnings are expected to increase by 71% in 2021, but the outlook is positive 22.24% per year for the next five years.

PayPal Holdings, Inc. (NASDAQ:PYPL)’s Biggest Investors

Upon looking at major shareholders, it appears that insiders hold 0.14% of PayPal Holdings, Inc. shares, and 85.03% of them are in the hands of institutional investors. The stock currently has a share float of 85.15%. PayPal Holdings, Inc. stock is held by 3211 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2020, it held 7.95% of the shares, which is about 93.07 Million shares worth $21.8 Billion.

Blackrock Inc., with 7.01% or 82.06 Million shares worth $19.22 Billion as of Dec 30, 2020, holds the second largest percentage of outstanding shares.

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Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Dec 30, 2020. The former held 33025515 shares worth $7.73 Billion, making up 2.82% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 23.48 Million shares worth around $5.5 Billion, which represents about 2% of the total shares outstanding.