PayPal (NASDAQ:PYPL) Shares Down 0.3% – Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price was down 0.3% during trading on Wednesday . The stock traded as low as $90.30 and last traded at $90.62. Approximately 1,476,533 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 12,965,283 shares. The stock had previously closed at $90.86.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PYPL. Monness Crespi & Hardt increased their target price on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. BMO Capital Markets increased their price objective on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and increased their target price for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Finally, Needham & Company LLC restated a “hold” rating on shares of PayPal in a research note on Wednesday, October 30th. Fifteen 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $88.42.

PayPal Trading Down 1.8 %

The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $89.45 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The stock’s 50 day moving average is $84.29 and its two-hundred day moving average is $72.78.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the business earned $0.97 EPS. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Hedge Funds Weigh In On PayPal

A number of large investors have recently bought and sold shares of PYPL. World Investment Advisors LLC purchased a new stake in shares of PayPal in the third quarter valued at approximately $387,435,000. United Advisor Group LLC acquired a new position in PayPal during the third quarter worth $810,000. FCG Investment Co acquired a new stake in shares of PayPal in the third quarter valued at about $1,079,000. Equity Investment Corp raised its position in shares of PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing an additional 67,497 shares during the last quarter. Finally, Weil Company Inc. lifted its stake in PayPal by 68.9% in the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock valued at $3,253,000 after buying an additional 17,003 shares in the last quarter. Institutional investors and hedge funds own 68.32% of the company’s stock.

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.