PayPal (NASDAQ:PYPL) Stock Price Down 0.5% – What’s Next?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price traded down 0.5% during mid-day trading on Tuesday . The company traded as low as $90.52 and last traded at $90.86. 2,036,627 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 12,985,574 shares. The stock had previously closed at $91.30.

Analysts Set New Price Targets

Several equities research analysts have issued reports on PYPL shares. Oppenheimer assumed coverage on shares of PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Barclays increased their price target on shares of PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday. UBS Group lifted their price target on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Canaccord Genuity Group upped their price target on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Fifteen investment 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.97.

PayPal Trading Down 0.8 %

The business has a fifty day moving average of $84.09 and a two-hundred day moving average of $72.58. 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 firm has a market cap of $90.81 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 EPS. As a group, equities analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PayPal

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal in the third quarter valued at about $26,000. Planning Capital Management Corp increased its holdings in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in PayPal in the third quarter worth $36,000. Finally, Family Firm Inc. bought a new stake in PayPal during the second quarter valued at $29,000. 68.32% of the stock is owned by hedge funds and other 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.