PayPal (NASDAQ:PYPL) Shares Down 0.3% – Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL) dropped 0.3% during mid-day trading on Wednesday . The stock traded as low as $86.97 and last traded at $87.75. Approximately 1,585,374 shares traded hands during trading, a decline of 71% from the average daily volume of 5,553,265 shares. The stock had previously closed at $87.97.

Analyst Ratings Changes

PYPL has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price target on shares of PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Stephens upped their price objective on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Morgan Stanley upped their price objective on shares of PayPal from $76.00 to $90.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. Finally, Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Fourteen equities research 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.65.

PayPal Stock Performance

The firm has a market capitalization of $83.57 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s fifty day moving average is $86.51 and its two-hundred day moving average is $75.52.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period last year, the business earned $0.97 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Institutional Trading of PayPal

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. World Investment Advisors LLC bought a new stake in shares of PayPal during the 3rd quarter worth about $387,435,000. United Advisor Group LLC bought a new stake in shares of PayPal during the 3rd quarter worth about $810,000. FCG Investment Co bought a new stake in shares of PayPal during the 3rd quarter worth about $1,079,000. Equity Investment Corp raised its position in shares of PayPal by 3.5% during the 3rd quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after buying an additional 67,497 shares in the last quarter. Finally, Weil Company Inc. raised its position in shares of PayPal by 68.9% during 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 in the last quarter. 68.32% of the stock is currently owned by institutional investors.

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.