PayPal (NASDAQ:PYPL) Trading Down 1.3%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price dropped 1.3% during mid-day trading on Wednesday . The stock traded as low as $58.53 and last traded at $58.55. Approximately 2,282,187 shares were traded during trading, a decline of 85% from the average daily volume of 14,872,309 shares. The stock had previously closed at $59.33.

Wall Street Analyst Weigh In

PYPL has been the subject of several research reports. Citigroup increased their price target on shares of PayPal from $79.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Sanford C. Bernstein lifted their price objective on shares of PayPal from $66.00 to $68.00 and gave the company a “market perform” rating in a research note on Thursday, April 18th. UBS Group increased their target price on PayPal from $63.00 to $71.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Wells Fargo & Company lifted their price target on PayPal from $60.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. Finally, Monness Crespi & Hardt raised their target price on PayPal from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. Twenty-one equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, PayPal has a consensus rating of “Hold” and a consensus target price of $73.64.

PayPal Stock Down 1.4 %

The company has a market capitalization of $61.18 billion, a PE ratio of 14.75, a P/E/G ratio of 0.97 and a beta of 1.43. The business has a 50-day moving average of $63.44 and a 200 day moving average of $62.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.28 and a quick ratio of 1.28.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The firm had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the firm earned $0.86 EPS. The company’s revenue was up 9.4% on a year-over-year basis. Equities research analysts predict that PayPal Holdings, Inc. will post 4.14 earnings per share for the current year.

Insider Transactions at PayPal

In other news, Director Deborah M. Messemer sold 4,422 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $61.65, for a total transaction of $272,616.30. Following the transaction, the director now directly owns 13,976 shares of the company’s stock, valued at $861,620.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On PayPal

Hedge funds have recently modified their holdings of the business. Sapient Capital LLC purchased a new stake in shares of PayPal during the fourth quarter valued at about $806,000. Louisiana State Employees Retirement System acquired a new position in shares of PayPal in the fourth quarter valued at about $9,267,000. Bartlett & Co. LLC lifted its holdings in shares of PayPal by 8.5% during the fourth quarter. Bartlett & Co. LLC now owns 9,414 shares of the credit services provider’s stock worth $594,000 after purchasing an additional 740 shares during the period. DekaBank Deutsche Girozentrale boosted its position in PayPal by 9.5% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 847,006 shares of the credit services provider’s stock valued at $53,344,000 after buying an additional 73,687 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in PayPal by 4.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 20,242 shares of the credit services provider’s stock worth $1,183,000 after buying an additional 942 shares during the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

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.