PayPal (NASDAQ:PYPL) Shares Down 0.7% – Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL) traded down 0.7% during trading on Thursday . The stock traded as low as $86.44 and last traded at $86.74. 2,139,600 shares traded hands during trading, a decline of 84% from the average session volume of 13,469,022 shares. The stock had previously closed at $87.31.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PYPL shares. Robert W. Baird increased their price target on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Mizuho lifted their target price on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a report on Wednesday, October 30th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research report on Sunday, November 3rd. Finally, UBS Group upped their target price on PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $83.45.

PayPal Stock Down 1.7 %

The stock’s 50-day simple moving average is $78.25 and its 200 day simple moving average is $68.76. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm has a market cap of $86.01 billion, a P/E ratio of 20.70, a PEG ratio of 1.54 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $0.97 earnings per share. As a group, research analysts forecast that PayPal Holdings, Inc. will post 4.56 EPS for the current fiscal year.

Institutional Trading of PayPal

Several institutional investors and hedge funds have recently bought and sold shares of PYPL. Goldentree Asset Management LP purchased a new position in shares of PayPal in the third quarter worth $20,814,000. Captrust Financial Advisors grew its holdings in PayPal by 39.9% during the third quarter. Captrust Financial Advisors now owns 87,512 shares of the credit services provider’s stock valued at $6,829,000 after purchasing an additional 24,940 shares during the period. Kingfisher Capital LLC bought a new stake in PayPal during the 3rd quarter valued at approximately $203,000. CWS Financial Advisors LLC bought a new stake in PayPal in the third quarter worth $230,000. Finally, Hantz Financial Services Inc. raised its stake in shares of PayPal by 2.9% in the third quarter. Hantz Financial Services Inc. now owns 34,729 shares of the credit services provider’s stock valued at $2,710,000 after acquiring an additional 965 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

PayPal Company Profile

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.