PayPal (NASDAQ:PYPL) Stock Price Down 0.4% – Should You Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL) shares fell 0.4% during trading on Thursday . The stock traded as low as $86.27 and last traded at $86.57. 5,477,894 shares were traded during trading, a decline of 59% from the average session volume of 13,295,025 shares. The stock had previously closed at $86.94.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on PYPL shares. Robert W. Baird lifted their target price on PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Mizuho increased their price target on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. BMO Capital Markets boosted their price objective on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Stephens upped their price objective on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Finally, Daiwa Capital Markets raised shares of PayPal from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $68.00 to $72.00 in a report on Friday, August 9th. Sixteen research 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. Based on data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and an average price target of $83.60.

PayPal Trading Down 0.4 %

The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The business has a fifty day simple moving average of $81.31 and a 200 day simple moving average of $70.17. The stock has a market cap of $86.79 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.56 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the company earned $0.97 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Hedge Funds Weigh In On PayPal

Several institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. grew its stake in PayPal by 120.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,555,240 shares of the credit services provider’s stock worth $125,461,000 after acquiring an additional 849,311 shares during the period. Peapack Gladstone Financial Corp boosted its holdings in shares of PayPal by 1.1% during the third quarter. Peapack Gladstone Financial Corp now owns 228,209 shares of the credit services provider’s stock worth $17,807,000 after purchasing an additional 2,576 shares during the last quarter. Synovus Financial Corp grew its position in shares of PayPal by 33.7% in the third quarter. Synovus Financial Corp now owns 64,693 shares of the credit services provider’s stock valued at $5,048,000 after purchasing an additional 16,306 shares during the period. Wilmington Savings Fund Society FSB increased its stake in PayPal by 196.3% in the third quarter. Wilmington Savings Fund Society FSB now owns 10,221 shares of the credit services provider’s stock valued at $798,000 after purchasing an additional 6,772 shares during the last quarter. Finally, Sfmg LLC purchased a new position in PayPal during the third quarter worth about $234,000. Hedge funds and other institutional investors 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.