PayPal (NASDAQ:PYPL) Stock Price Down 2.7%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price fell 2.7% during mid-day trading on Thursday . The company traded as low as $62.95 and last traded at $63.12. 3,070,083 shares changed hands during trading, a decline of 81% from the average session volume of 16,135,881 shares. The stock had previously closed at $64.84.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PYPL. Morgan Stanley restated an “equal weight” rating and set a $66.00 price target (down previously from $118.00) on shares of PayPal in a report on Tuesday, January 9th. BTIG Research reiterated a “neutral” rating on shares of PayPal in a report on Friday, January 5th. Oppenheimer reiterated a “market perform” rating on shares of PayPal in a report on Thursday, January 25th. Wedbush reiterated an “outperform” rating and set a $85.00 target price on shares of PayPal in a report on Thursday, February 8th. Finally, Stephens reiterated an “equal weight” rating and set a $70.00 target price on shares of PayPal in a report on Thursday, February 8th. Twenty-three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, PayPal has a consensus rating of “Hold” and a consensus target price of $70.47.

PayPal Trading Up 2.9 %

The company has a market cap of $69.43 billion, a PE ratio of 17.18, a price-to-earnings-growth ratio of 1.19 and a beta of 1.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.29 and a quick ratio of 1.29. The company has a 50-day moving average of $62.87 and a 200 day moving average of $60.16.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the business posted $1.01 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. Analysts predict that PayPal Holdings, Inc. will post 4.02 earnings per share for the current year.

Insider Buying and Selling at PayPal

In other PayPal news, SVP Frank Keller sold 7,686 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares in the company, valued at $1,420,795.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

Institutional Trading of PayPal

Several institutional investors and hedge funds have recently modified their holdings of PYPL. Handelsbanken Fonder AB raised its stake in shares of PayPal by 1.9% during the third quarter. Handelsbanken Fonder AB now owns 284,734 shares of the credit services provider’s stock valued at $16,646,000 after acquiring an additional 5,276 shares in the last quarter. Simplicity Solutions LLC raised its stake in PayPal by 23.5% in the third quarter. Simplicity Solutions LLC now owns 15,350 shares of the credit services provider’s stock worth $897,000 after buying an additional 2,922 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in PayPal by 21.8% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 4,194 shares of the credit services provider’s stock worth $245,000 after buying an additional 752 shares in the last quarter. Clarius Group LLC raised its stake in PayPal by 11.8% in the third quarter. Clarius Group LLC now owns 7,606 shares of the credit services provider’s stock worth $445,000 after buying an additional 802 shares in the last quarter. Finally, Penn Davis Mcfarland Inc. raised its stake in PayPal by 0.5% in the third quarter. Penn Davis Mcfarland Inc. now owns 413,170 shares of the credit services provider’s stock worth $24,154,000 after buying an additional 1,985 shares in the last quarter. Institutional investors 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.