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

PayPal Holdings, Inc. (NASDAQ:PYPL) fell 0.3% during trading on Monday . The stock traded as low as $86.00 and last traded at $88.28. 3,344,135 shares traded hands during trading, a decline of 58% from the average session volume of 7,934,561 shares. The stock had previously closed at $88.58.

Analyst Ratings Changes

A number of brokerages recently issued reports on PYPL. Mizuho increased their target price on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Stephens boosted their target price on shares of PayPal from $75.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Robert W. Baird dropped their price target on shares of PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and upped their price target for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and an average price target of $89.29.

PayPal Stock Performance

The company has a market cap of $79.40 billion, a P/E ratio of 18.90, a PEG ratio of 1.49 and a beta of 1.44. The business’s 50 day simple moving average is $88.01 and its 200 day simple moving average is $79.39. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the previous year, the company earned $1.48 EPS. PayPal’s revenue for the quarter was up 4.2% on a year-over-year basis. Sell-side analysts predict that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PayPal

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gordian Capital Singapore Pte Ltd bought a new stake in shares of PayPal in the third quarter worth about $26,000. Rosenberg Matthew Hamilton grew its stake in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares in the last quarter. Sugarloaf Wealth Management LLC raised its position in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the period. Planning Capital Management Corp raised its holdings in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares during the period. Finally, Financial Management Professionals Inc. grew its holdings in PayPal by 125.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 243 shares during 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.