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

PayPal Holdings, Inc. (NASDAQ:PYPL) shares traded down 0.3% during mid-day trading on Monday . The stock traded as low as $85.53 and last traded at $85.54. 2,186,483 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 13,420,233 shares. The stock had previously closed at $85.83.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Sanford C. Bernstein lowered PayPal from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $78.00 price objective on shares of PayPal in a research note on Wednesday, September 18th. William Blair raised PayPal to a “hold” rating in a research note on Tuesday, July 30th. Argus raised PayPal from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Finally, Daiwa Capital Markets raised PayPal from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $68.00 to $72.00 in a research note on Friday, August 9th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Price Performance

The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $84.30 billion, a P/E ratio of 20.07, a P/E/G ratio of 1.53 and a beta of 1.43. The firm has a fifty day moving average price of $79.47 and a two-hundred day moving average price of $69.29.

PayPal (NASDAQ:PYPL) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period last year, the firm posted $0.97 earnings per share. PayPal’s revenue was up 6.0% compared to the same quarter last year. On average, analysts expect that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

Institutional Investors Weigh In On PayPal

Several institutional investors have recently modified their holdings of the business. Mizuho Securities USA LLC boosted its position in PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after purchasing an additional 10,419,351 shares during the last quarter. FMR LLC boosted its position in PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares during the last quarter. World Investment Advisors LLC purchased a new position in PayPal in the third quarter worth about $387,435,000. Primecap Management Co. CA boosted its position in PayPal by 180.7% in the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after purchasing an additional 3,184,160 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in PayPal by 28.1% in the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after purchasing an additional 1,866,925 shares during the last quarter. 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.