PayPal (NASDAQ:PYPL) Trading Down 4.4% – What’s Next?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price fell 4.4% during mid-day trading on Thursday . The stock traded as low as $60.49 and last traded at $61.11. 3,129,329 shares changed hands during trading, a decline of 73% from the average session volume of 11,409,156 shares. The stock had previously closed at $63.95.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PYPL shares. Susquehanna raised their price objective on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Piper Sandler cut their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Barclays upped their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Finally, StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a research note on Sunday, April 6th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.32.

PayPal Price Performance

The business has a 50-day moving average price of $69.88 and a two-hundred day moving average price of $79.77. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $61.92 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion during the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the previous year, the business posted $1.48 EPS. PayPal’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, research analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the sale, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On PayPal

A number of hedge funds have recently bought and sold shares of PYPL. Mpwm Advisory Solutions LLC purchased a new position in PayPal during the fourth quarter worth about $25,000. Rosenberg Matthew Hamilton lifted its position in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares in the last quarter. Hurley Capital LLC purchased a new position in shares of PayPal in the 4th quarter worth approximately $27,000. Sugarloaf Wealth Management LLC grew its holdings in shares of PayPal by 344.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after acquiring an additional 272 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of PayPal during the fourth quarter valued at approximately $34,000. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.