PayPal (NASDAQ:PYPL) Trading Down 1.5%

PayPal Holdings, Inc. (NASDAQ:PYPL) fell 1.5% during mid-day trading on Tuesday . The company traded as low as $76.51 and last traded at $76.86. 2,794,474 shares were traded during mid-day trading, a decline of 80% from the average session volume of 14,006,543 shares. The stock had previously closed at $78.03.

Analyst Ratings Changes

PYPL has been the topic of several recent research reports. BMO Capital Markets raised their price objective on shares of PayPal from $65.00 to $72.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. TD Cowen raised their price objective on shares of PayPal from $68.00 to $70.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $78.00 price target on shares of PayPal in a research note on Wednesday, September 18th. Macquarie lifted their price target on shares of PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Mizuho reiterated an “outperform” rating and set a $90.00 price target on shares of PayPal in a research note on Tuesday, August 20th. Seventeen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $76.38.

PayPal Trading Down 0.3 %

The business has a 50 day simple moving average of $69.12 and a 200-day simple moving average of $65.21. The stock has a market capitalization of $81.41 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.12 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.

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

Hedge Funds Weigh In On PayPal

Several large investors have recently added to or reduced their stakes in PYPL. Distillate Capital Partners LLC raised its stake in PayPal by 156,934.7% during the 2nd quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock worth $19,957,000 after buying an additional 343,687 shares during the period. Cape Cod Five Cents Savings Bank acquired a new stake in shares of PayPal in the second quarter valued at approximately $3,014,000. Fiduciary Alliance LLC raised its position in PayPal by 604.7% during the first quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock valued at $3,452,000 after purchasing an additional 45,544 shares in the last quarter. 1832 Asset Management L.P. grew its stake in shares of PayPal by 44.6% during the first quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock worth $83,000 after buying an additional 381 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of PayPal by 21.2% in the second quarter. Blue Trust Inc. now owns 3,358 shares of the credit services provider’s stock worth $195,000 after purchasing an additional 588 shares during the last quarter. Institutional investors and hedge funds 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.