PayPal (NASDAQ:PYPL) Stock Price Down 0.3% – What’s Next?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price traded down 0.3% during mid-day trading on Thursday . The company traded as low as $67.90 and last traded at $68.43. 2,332,440 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 12,153,047 shares. The stock had previously closed at $68.62.

Analyst Ratings Changes

A number of research analysts recently issued reports on PYPL shares. Citigroup reaffirmed an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Robert W. Baird dropped their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Morgan Stanley upped their target price on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 26th. Susquehanna increased their price objective on PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Finally, Barclays upped their target price on shares of PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Stock Down 2.2 %

The company’s 50-day moving average price is $80.72 and its 200 day moving average price is $81.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $66.38 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period last year, the firm earned $1.48 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On PayPal

A number of institutional investors have recently added to or reduced their stakes in the stock. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal during the fourth quarter worth $25,000. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal in the 3rd quarter worth $26,000. Rosenberg Matthew Hamilton boosted its holdings in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. Hurley Capital LLC bought a new stake in shares of PayPal in the fourth quarter worth about $27,000. Finally, Sugarloaf Wealth Management LLC boosted its stake in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the last quarter. 68.32% of the stock is 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.