PayPal (NASDAQ:PYPL) Shares Down 0.2% – Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price dropped 0.2% on Friday . The stock traded as low as $89.19 and last traded at $89.59. Approximately 1,363,437 shares traded hands during trading, a decline of 83% from the average daily volume of 8,161,488 shares. The stock had previously closed at $89.73.

Analyst Ratings Changes

PYPL has been the topic of several analyst reports. Canaccord Genuity Group lifted their price target on shares of PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Stephens lifted their price target on shares of PayPal from $75.00 to $85.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Robert W. Baird lifted their price target on shares of PayPal from $80.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of PayPal from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Sanford C. Bernstein downgraded shares of PayPal from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $75.00 to $80.00 in a report on Thursday, October 10th. Fourteen 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.48.

PayPal Trading Down 0.2 %

The stock’s 50 day moving average is $87.70 and its two-hundred day moving average is $77.58. The company has a market capitalization of $89.82 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. 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 data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the firm earned $0.97 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

Institutional Trading of PayPal

Several hedge funds have recently modified their holdings of the company. FMR LLC raised its position in shares of PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after purchasing an additional 7,767,072 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after purchasing an additional 10,419,351 shares during the last quarter. Legal & General Group Plc raised its position in shares of PayPal by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider’s stock valued at $501,184,000 after purchasing an additional 276,287 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of PayPal by 28.1% in the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after purchasing an additional 1,866,925 shares during the last quarter. Finally, Primecap Management Co. CA raised its position in shares of PayPal by 21.6% in the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after purchasing an additional 1,069,356 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.