PayPal (NASDAQ:PYPL) Trading Down 1.3% – Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price fell 1.3% during mid-day trading on Tuesday . The company traded as low as $68.29 and last traded at $68.74. 2,133,598 shares were traded during mid-day trading, a decline of 81% from the average session volume of 10,944,845 shares. The stock had previously closed at $69.65.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PYPL. Susquehanna lifted their price target on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a report on Tuesday, February 4th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. DZ Bank upgraded PayPal from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Friday, February 28th. Finally, Citigroup reiterated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.03.

PayPal Stock Performance

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 fifty day simple moving average of $79.56 and a two-hundred day simple moving average of $80.99. The stock has a market cap of $68.15 billion, a PE ratio of 17.17, a PEG 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, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $8.27 billion. During the same period last year, the business earned $1.48 EPS. The business’s revenue was up 4.2% on a year-over-year basis. Equities analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Buying and Selling at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PYPL. United Bank raised its stake in PayPal by 9.7% during the third quarter. United Bank now owns 8,941 shares of the credit services provider’s stock valued at $698,000 after buying an additional 794 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in PayPal by 12.6% in the third quarter. OneDigital Investment Advisors LLC now owns 13,862 shares of the credit services provider’s stock worth $1,082,000 after purchasing an additional 1,555 shares during the period. Natixis Advisors LLC increased its stake in PayPal by 4.2% during the third quarter. Natixis Advisors LLC now owns 591,223 shares of the credit services provider’s stock valued at $46,133,000 after purchasing an additional 23,890 shares during the last quarter. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of PayPal during the third quarter worth $222,000. Finally, Claro Advisors LLC lifted its position in shares of PayPal by 54.4% in the 3rd quarter. Claro Advisors LLC now owns 8,744 shares of the credit services provider’s stock worth $682,000 after buying an additional 3,082 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors.

About PayPal

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.