PayPal (NASDAQ:PYPL) Trading Down 0.6% – What’s Next?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price traded down 0.6% during mid-day trading on Monday . The company traded as low as $80.04 and last traded at $80.47. 1,286,875 shares were traded during trading, a decline of 91% from the average session volume of 13,613,435 shares. The stock had previously closed at $80.94.

Analyst Upgrades and Downgrades

PYPL has been the topic of several analyst reports. TD Cowen raised their price target on shares of PayPal from $68.00 to $70.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. BMO Capital Markets lifted their price objective on shares of PayPal from $72.00 to $73.00 and gave the company a “market perform” rating in a research note on Thursday, October 3rd. Monness Crespi & Hardt upped their target price on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Barclays raised their target price on PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Wells Fargo & Company raised their price objective on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday. Sixteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.03.

PayPal Stock Down 0.3 %

The company has a market capitalization of $84.43 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 1.47 and a beta of 1.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.24 and a current ratio of 1.24. The firm’s fifty day moving average is $74.16 and its 200-day moving average is $66.63.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.20. The business had revenue of $7.89 billion during the quarter, compared to analyst estimates of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned $0.83 EPS. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.42 EPS for the current year.

Hedge Funds Weigh In On PayPal

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pittenger & Anderson Inc. boosted its holdings in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock worth $26,000 after buying an additional 172 shares in the last quarter. Family Firm Inc. acquired a new position in PayPal during the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC boosted its holdings in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares in the last quarter. Register Financial Advisors LLC acquired a new stake in PayPal in the first quarter valued at approximately $30,000. Finally, Tortoise Investment Management LLC raised its position in shares of PayPal by 930.0% during the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 465 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

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.