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

PayPal Holdings, Inc. (NASDAQ:PYPL) traded down 0.2% during trading on Wednesday . The company traded as low as $75.30 and last traded at $76.03. 3,829,984 shares were traded during mid-day trading, a decline of 66% from the average session volume of 11,314,757 shares. The stock had previously closed at $76.21.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PYPL shares. Citigroup boosted their price objective on shares of PayPal from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. JPMorgan Chase & Co. raised their price target on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Phillip Securities restated an “accumulate” rating and issued a $90.00 price objective (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Finally, Robert W. Baird dropped their target price on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Thirteen investment analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.52.

PayPal Trading Up 0.4 %

The company has a 50 day simple moving average of $87.17 and a two-hundred day simple moving average of $80.06. The firm has a market cap of $75.72 billion, a PE ratio of 19.09, a P/E/G ratio of 1.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter last year, the company posted $1.48 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Institutional Trading of PayPal

Several hedge funds and other institutional investors have recently bought and sold shares of PYPL. Park Place Capital Corp boosted its holdings in PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after purchasing an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares in the last quarter. JFS Wealth Advisors LLC raised its position in PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 125 shares in the last quarter. Wynn Capital LLC lifted its stake in PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after acquiring an additional 130 shares during the last quarter. Finally, Avalon Trust Co grew its stake in shares of PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after purchasing an additional 135 shares in the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

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.