PayPal (NASDAQ:PYPL) Trading Down 0.9% – Time to Sell?

by · The Cerbat Gem

PayPal Holdings, Inc. (NASDAQ:PYPL – Get Free Report) dropped 0.9% during mid-day trading on Monday . The company traded as low as $85.98 and last traded at $85.98. Approximately 1,880,274 shares were traded during trading, a decline of 86% from the average daily volume of 13,206,862 shares. The stock had previously closed at $86.77.

Analysts Set New Price Targets

PYPL has been the topic of a number of recent research reports. Piper Sandler restated a “neutral” rating and issued a $88.00 price objective on shares of PayPal in a report on Friday, November 22nd. Oppenheimer initiated coverage on PayPal in a research note on Tuesday, October 1st. They issued a “market perform” rating on the stock. Morgan Stanley lifted their price objective on PayPal from $71.00 to $76.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Susquehanna increased their target price on PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a research note on Wednesday, October 30th. Finally, Sanford C. Bernstein cut shares of PayPal from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $75.00 to $80.00 in a research note on Thursday, October 10th. Sixteen equities 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. According to MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $83.60.

Read Our Latest Research Report on PYPL

PayPal Trading Up 0.3 %

The stock has a market capitalization of $85.64 billion, a PE ratio of 20.32, a PEG ratio of 1.54 and a beta of 1.44. The stock’s 50 day moving average price is $82.01 and its 200-day moving average price is $70.84. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL – Get Free Report) last posted its quarterly earnings results 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 analysts’ expectations of $7.88 billion. During the same period last year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PayPal

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of PayPal by 86.3% during the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after acquiring an additional 7,767,072 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after purchasing an additional 10,419,351 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of PayPal by 3.3% during the 2nd quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock valued at $501,184,000 after purchasing an additional 276,287 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of PayPal by 28.1% during the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after purchasing an additional 1,866,925 shares during the last quarter. Finally, Primecap Management Co. CA grew its position in shares of PayPal by 21.6% during the third quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after purchasing an additional 1,069,356 shares in the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Company Profile

(Get Free Report)

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.

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