PayPal (NASDAQ:PYPL) Trading Down 0.5% – Should You Sell?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) fell 0.5% during mid-day trading on Tuesday . The stock traded as low as $90.52 and last traded at $90.86. 2,036,627 shares were traded during trading, a decline of 84% from the average session volume of 12,985,574 shares. The stock had previously closed at $91.30.

Analysts Set New Price Targets

Several equities analysts have recently commented on PYPL shares. JPMorgan Chase & Co. upped their target price on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on PayPal from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Robert W. Baird lifted their target price on PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Macquarie boosted their target price on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, UBS Group raised their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.42.

PayPal Stock Up 1.6 %

The firm has a 50-day simple moving average of $84.36 and a 200 day simple moving average of $72.87. The stock has a market capitalization of $87.00 billion, a P/E ratio of 20.71, a P/E/G ratio of 1.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating 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 business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the business earned $0.97 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Institutional Trading of PayPal

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

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.