PayPal Holdings Inc, is the company that operates the online payment system PayPal that supports transfers of money online, as well as serving as an electronic replacement to traditional paper methods like money orders and checks. PayPal operates as a bridge between online sellers, auction sites and other eCommerce users to consumers online, for which it earns by charging a small fee.
As consumers and businesses transitions to online transactions, the demand for a platform like PayPal, which is known as the pioneer of online payment systems, is expected to remain strong for many years. Along with it is the continuous success of the company’s stocks value.
And did you know? The eToro online platform allows you to trade PayPal stocks. Read the article below to learn more about this finance option.
Sign-up with eToro and begin trading PayPal stocks!
81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
History of PayPal
PayPal was founded in 1998 as Confinity by Peter Thiel, Max Levchin and Luke Nosek. In 2000, Confinity merged with X.com, a company founded by Elon Musk. Musk was replaced by Peter Thiel as CEO of X.com in 2000. In 2001, X.com was renamed into PayPal.
PayPal went public through an Initial Public Offering (IPO) in 2002 before it became a wholly owned subsidiary of eBay in 2003. In 2015, eBay conducted a corporate spin-off on PayPal to shareholders making it an independent company.
Since becoming an independent company, PayPal further expanded by acquiring several companies such as iZettle in 2018 and Honey in 2020. Today, the company ranks 143 in the Fortune Magazine list of 500 largest United States companies by revenue.
What is PayPal's Stock Symbol?
PayPal goes by its ticker symbol PYPL at the Nasdaq. PYPL is part of the Nasdaq 100, S&P 100 and S&P 500 components.
PayPal's Price History
PayPal closed trading day on an all-time high mark of $308.53 on July 23, 2021. Since then, PayPal's stocks have shed more than 70%. Over the course of the last quarter of 2021 to 2022, PayPal's margin has gone back to Earth and currently tips at 20.8%, just in the line of sight of PayPal's long-standing average.
PayPal's Stock Split
PayPal has not undergone any stock-splits yet.
What is a stock split?
A stock split impacts the price of a stock as well. The stock price will be reduced after a break (because the number of shares outstanding has increased). The share price will be in the case of a 2-for-1 split. The company's market value remains unaffected even though a stock split increases the number of outstanding shares and decreases the share price in proportion.
PayPal Stock After Hours
PayPal, like all Nasdaq-listed companies, trades between 9:30 am and 3:30 pm Eastern time Monday through Friday, except on stock market holidays.
Traders living in different time zones outside of New York, where the Nasdaq is based, can still trade PayPal stocks after hours. Simply set up an "after-hours" order on your eToro account.
During after hours, all trades on eToro are executed upon the availability of current market rates or upon Nasdaq opening. Whenever you place an order on eToro, the amount associated with the trade will be deducted from the trader's fund and will be reserved for the upcoming trade order.
eToro users can still choose to open or cancel trades even during trading after-hours since any trades initiated during this period are still in pending mode.
PayPal Stock Chart
Make the most of eToro's intuitive interface that includes interactive charts displaying PayPal’s (PYPL) stock movement to better understand the trajectory of the company's stock price. You might want to consult this charting feature regularly to get a better understanding of how NVDA is performing on the market. Additionally, eToro's ProChart provides a more detailed breakdown and analysis interface.
PayPal Stock News
The company's news feed is available for viewing on your eToro platform, so stay up to date with the latest from PayPal. Additionally, eToro's dedicated trading page for PayPal has tons of information from other users who are also interested or trading this particular stock.
There's also the News tab where you can learn more about a company's latest developments such as mergers, product releases and upgrades, senior management changes, expansions, technological innovations, financial reports, and more. To be constantly updated, simply include PayPal in your eToro watchlist.
Why PayPal Stock is Down?
After the experiencing a surge during the pandemic when people took to online shopping and payments, e-Commerce growth has slowed down due to the reopening of the world's economy, with most people opting to shop in face to face stores once again.
However, the biggest reason is the ongoing high inflation hitting the world economies today. Consumers are cutting a bit on their spending and this largely includes online spending.
PayPal Stock Forecast
Based on analyst's reviews of PayPal (PYPL), the majority consensus points to a Moderate BUY followed by a suggestion to HOLD as the current share value of PYPL is considered as undervalued. The Analysts further suggests that the PYPL stock will be changing hands for up to 58% premium one calendar year from today.
Tip: The "Research" tab is a great way to stay updated on the latest outlook in the market. When you go there, you'll find summaries of what different market analysts are saying about the outlook and also a section with information on recent trading activity by top-ranked traders.
Remember: In order to access their research tab, you need to be a verified eToro customer that has funds on it.
Should I Buy PayPal Stock?
The increasing shift to digital payments and e-commerce transactions will benefit PayPal in both the short-term future and in the long run. The company is forecasting a net revenue growth in 2022 between 11% to 13% — pulling up PayPal's expected payment volume to top $1.4 trillion.
Another strong reason to buy PayPal's stocks is the growing traction of the Venmo App. As PayPal's digital wallet, Venmo is consumer-focused and continuous to attract new users and drive payment volume up, as evidenced by its 12% increase to $58 billion from over a year ago. Venmo also partnered with Amazon to create another avenue to drive payment volume up.
PayPal's stocks also have a low valuation by currently trading at 3.2 times forward sales despite being profitable. As management buys back PayPal stocks, the value is expected to rise again and before that happens, traders may want to buy PayPal stocks now.
How to Trade PayPal Stock?
As online brokerage platforms develop, more and more individuals can trade anywhere and at any time. eToro is one of the most popular trading apps traders use nowadays. Investors have the option of trading real stocks or Contracts for Difference (CFDs) on eToro.
By removing the need for stock purchases, CFDs have become one of the most popular methods of investing on the market today. With no-commission fees on eToro (applies to real stocks only), traders can concentrate on making trades.
With eToro's leveraged trading, investors can get maximum exposure to markets with only a small investment. "Margin" is the stock market term for this.
How to Buy PayPal Stocks on eToro?
- Login or create an account with eToro if you don't have one.
- Enter "PayPal" or "PYPL" on the search bar, look for the PayPal result under the Markets category, and click on its corresponding "Trade" button.
- Enter the amount you wish to invest and set the stop-loss, leverage and take-profit according to your trading preferences.
- Click "Open Trade".
Sign-up with eToro and begin trading PayPal stocks!
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.