PayPal (NASDAQ:PYPL) Stock Price Down 0%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price was down 0% during mid-day trading on Monday . The company traded as low as $70.07 and last traded at $70.08. Approximately 1,233,419 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 14,030,483 shares. The stock had previously closed at $70.10.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PYPL. Canaccord Genuity Group restated a “buy” rating and set a $80.00 target price on shares of PayPal in a research report on Wednesday, July 31st. Evercore ISI boosted their target price on shares of PayPal from $65.00 to $70.00 and gave the company an “in-line” rating in a research report on Tuesday, June 25th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $78.00 price target on shares of PayPal in a research report on Wednesday. Mizuho restated an “outperform” rating and set a $90.00 target price on shares of PayPal in a research note on Tuesday, August 20th. Finally, Susquehanna lifted their price target on PayPal from $71.00 to $83.00 and gave the company a “positive” rating in a research note on Wednesday, July 31st. Eighteen research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $75.56.

PayPal Stock Performance

The stock has a market capitalization of $76.49 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 1.00 and a beta of 1.43. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $66.04 and a two-hundred day moving average price of $64.10.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the prior year, the company posted $0.83 earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. On average, equities analysts forecast that PayPal Holdings, Inc. will post 4.42 earnings per share for the current year.

Institutional Trading of PayPal

Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its stake in shares of PayPal by 3.3% in the second quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock valued at $501,184,000 after buying an additional 276,287 shares during the period. Clearbridge Investments LLC raised its stake in PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after acquiring an additional 1,866,925 shares during the period. Primecap Management Co. CA lifted its holdings in PayPal by 180.7% during the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after purchasing an additional 3,184,160 shares during the last quarter. First Trust Advisors LP boosted its position in PayPal by 1.7% during the fourth quarter. First Trust Advisors LP now owns 3,668,505 shares of the credit services provider’s stock worth $225,283,000 after purchasing an additional 61,384 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of PayPal by 14.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,166,795 shares of the credit services provider’s stock worth $183,789,000 after purchasing an additional 409,322 shares in the last quarter. Hedge funds and other 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.