PayPal (NASDAQ:PYPL) Trading Down 0.3% – What’s Next?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price dropped 0.3% on Wednesday . The company traded as low as $86.97 and last traded at $87.75. Approximately 1,585,374 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 5,553,265 shares. The stock had previously closed at $87.97.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price target for the company in a research report on Friday, December 13th. BMO Capital Markets lifted their target price on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Monness Crespi & Hardt lifted 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. Finally, Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $88.65.

PayPal Stock Down 0.4 %

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 firm has a market cap of $87.80 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 1.66 and a beta of 1.44. The firm has a fifty day moving average price of $86.15 and a 200-day moving average price of $75.34.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data 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 for 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 company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Hedge Funds Weigh In On PayPal

A number of institutional investors have recently made changes to their positions in PYPL. Fulton Bank N.A. lifted its holdings in shares of PayPal by 10.1% in the 4th quarter. Fulton Bank N.A. now owns 6,959 shares of the credit services provider’s stock worth $594,000 after purchasing an additional 640 shares during the last quarter. Worth Asset Management LLC acquired a new stake in PayPal during the fourth quarter valued at approximately $1,312,000. Diversified Trust Co boosted its holdings in PayPal by 1.7% during the fourth quarter. Diversified Trust Co now owns 17,813 shares of the credit services provider’s stock worth $1,520,000 after buying an additional 298 shares in the last quarter. Bangor Savings Bank grew its position in PayPal by 1,918.1% in the fourth quarter. Bangor Savings Bank now owns 11,281 shares of the credit services provider’s stock worth $963,000 after buying an additional 10,722 shares during the last quarter. Finally, Fortem Financial Group LLC grew its holdings in shares of PayPal by 28.0% in the 4th quarter. Fortem Financial Group LLC now owns 33,302 shares of the credit services provider’s stock worth $2,842,000 after acquiring an additional 7,291 shares during the last quarter. 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.