PayPal (NASDAQ:PYPL) Trading Down 0.2% – Here’s Why

PayPal Holdings, Inc. (NASDAQ:PYPL) was down 0.2% on Monday . The company traded as low as $81.79 and last traded at $83.23. Approximately 2,214,639 shares were traded during trading, a decline of 67% from the average daily volume of 6,696,729 shares. The stock had previously closed at $83.36.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PYPL shares. Morgan Stanley boosted their price target on PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods boosted their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Monness Crespi & Hardt boosted their price target on PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Wells Fargo & Company upped their target price on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $88.00 target price on shares of PayPal in a research report on Friday, November 22nd. Fourteen 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $89.16.

PayPal Stock Performance

The firm has a market capitalization of $89.42 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $86.91 and a 200-day moving average of $76.31.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 23.44% and a net margin of 14.08%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PayPal

Several institutional investors have recently added to or reduced their stakes in the business. Avanza Fonder AB acquired a new stake in shares of PayPal during the 4th quarter worth approximately $5,940,000. Procyon Advisors LLC grew its holdings in PayPal by 7.7% in the fourth quarter. Procyon Advisors LLC now owns 41,719 shares of the credit services provider’s stock worth $3,561,000 after purchasing an additional 2,979 shares during the period. Everpar Advisors LLC grew its holdings in PayPal by 7.2% in the fourth quarter. Everpar Advisors LLC now owns 4,074 shares of the credit services provider’s stock worth $348,000 after purchasing an additional 273 shares during the period. RDA Financial Network increased its stake in PayPal by 27.8% in the fourth quarter. RDA Financial Network now owns 3,682 shares of the credit services provider’s stock valued at $314,000 after purchasing an additional 800 shares in the last quarter. Finally, Empirical Asset Management LLC acquired a new position in shares of PayPal during the fourth quarter valued at about $1,037,000. 68.32% of the stock is owned by institutional investors and hedge funds.

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.