PayPal (NASDAQ:PYPL) Trading Down 1.6% – Time to Sell?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) traded down 1.6% during mid-day trading on Friday . The stock traded as low as $86.24 and last traded at $86.72. 1,177,505 shares traded hands during trading, a decline of 91% from the average session volume of 12,884,687 shares. The stock had previously closed at $88.14.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PYPL shares. Monness Crespi & Hardt upped their price objective on PayPal from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and upped their price target for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Mizuho lifted their price objective on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. JPMorgan Chase & Co. upped their price objective on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Fifteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.42.

PayPal Stock Down 1.5 %

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The company has a 50 day moving average price of $85.38 and a 200-day moving average price of $73.96. The stock has a market capitalization of $87.08 billion, a PE ratio of 20.73, a PEG ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. PayPal’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 earnings per share. As a group, analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Institutional Trading of PayPal

A number of hedge funds have recently modified their holdings of the business. World Investment Advisors LLC purchased a new position in PayPal during the 3rd quarter valued at about $387,435,000. United Advisor Group LLC bought a new position in shares of PayPal during the third quarter valued at approximately $810,000. FCG Investment Co purchased a new position in shares of PayPal during the third quarter valued at approximately $1,079,000. Equity Investment Corp boosted its position in shares of PayPal by 3.5% in the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing an additional 67,497 shares in the last quarter. Finally, Weil Company Inc. grew its stake in shares of PayPal by 68.9% in the 3rd quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider’s stock worth $3,253,000 after buying an additional 17,003 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.