PayPal (NASDAQ:PYPL) Trading Down 0.3% – Here’s Why

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price was down 0.3% during mid-day trading on Wednesday . The stock traded as low as $90.30 and last traded at $90.62. Approximately 1,476,533 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 12,965,283 shares. The stock had previously closed at $90.86.

Wall Street Analyst Weigh In

A number of research firms recently commented on PYPL. Stephens lifted their price target on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted their target price on PayPal from $74.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. increased their price target on PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Barclays boosted their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Wells Fargo & Company upped their price objective on PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Fifteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.42.

PayPal Stock Performance

The firm’s 50 day moving average is $84.52 and its 200 day moving average is $72.96. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $87.00 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its earnings results 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. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same period last year, the business earned $0.97 EPS. PayPal’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bruce G. Allen Investments LLC boosted its stake in shares of PayPal by 7.4% in the third quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock worth $141,000 after buying an additional 124 shares during the last quarter. First United Bank & Trust boosted its holdings in PayPal by 6.4% in the 3rd quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock worth $187,000 after buying an additional 145 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of PayPal by 3.3% during the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after purchasing an additional 152 shares in the last quarter. Laraway Financial Advisors Inc raised its position in shares of PayPal by 3.8% in the third quarter. Laraway Financial Advisors Inc now owns 4,228 shares of the credit services provider’s stock valued at $330,000 after buying an additional 154 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC raised its holdings in PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

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.