PayPal (NASDAQ:PYPL) Shares Down 1.9% – Should You Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL) shares dropped 1.9% during mid-day trading on Tuesday . The stock traded as low as $89.57 and last traded at $90.04. Approximately 3,612,360 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 8,021,630 shares. The stock had previously closed at $91.81.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PYPL shares. Royal Bank of Canada reiterated an “outperform” rating and set a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. UBS Group boosted their target price on shares of PayPal from $72.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. BMO Capital Markets raised their price target on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Monness Crespi & Hardt increased their target price on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Fourteen investment 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. Based on data from MarketBeat.com, PayPal currently has a consensus rating of “Moderate Buy” and an average target price of $89.32.

PayPal Price Performance

The stock has a market cap of $89.96 billion, a PE ratio of 21.42, a PEG ratio of 1.54 and a beta of 1.44. The business’s 50-day simple moving average is $87.62 and its 200-day simple moving average is $77.49. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.13. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 EPS. On average, research analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Institutional Investors Weigh In On PayPal

A number of large investors have recently modified their holdings of PYPL. Heck Capital Advisors LLC purchased a new position in PayPal during the fourth quarter valued at $397,000. Caprock Group LLC increased its stake in shares of PayPal by 47.5% in the 4th quarter. Caprock Group LLC now owns 36,244 shares of the credit services provider’s stock worth $3,093,000 after acquiring an additional 11,673 shares in the last quarter. Narus Financial Partners LLC increased its stake in shares of PayPal by 6.4% in the 4th quarter. Narus Financial Partners LLC now owns 4,098 shares of the credit services provider’s stock worth $350,000 after acquiring an additional 245 shares in the last quarter. Mediolanum International Funds Ltd lifted its position in PayPal by 121.5% during the 4th quarter. Mediolanum International Funds Ltd now owns 61,176 shares of the credit services provider’s stock valued at $5,213,000 after acquiring an additional 33,555 shares during the period. Finally, Crews Bank & Trust bought a new stake in PayPal during the fourth quarter worth about $341,000. 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.