PayPal (NASDAQ:PYPL) Stock Price Down 1.6% – Should You Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price traded down 1.6% during mid-day trading on Tuesday . The company traded as low as $86.88 and last traded at $88.76. 2,690,302 shares were traded during mid-day trading, a decline of 66% from the average session volume of 8,022,318 shares. The stock had previously closed at $90.24.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PYPL. Macquarie lifted their price target on PayPal from $95.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Piper Sandler lifted their target price on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research report on Friday. BMO Capital Markets upped their price target on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Susquehanna lifted their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group increased their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Fourteen research 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’s stock. Based on data from MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and a consensus target price of $89.48.

PayPal Price Performance

The stock has a 50-day moving average of $87.87 and a two-hundred day moving average of $78.27. The firm has a market cap of $88.41 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.44. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL) last announced its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the business earned $0.97 EPS. The company’s revenue was up 6.0% on a year-over-year basis. On average, analysts anticipate that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Institutional Investors Weigh In On PayPal

Several hedge funds have recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal during the third quarter worth approximately $26,000. Rosenberg Matthew Hamilton boosted its stake 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 valued at $26,000 after buying an additional 125 shares during the period. Sugarloaf Wealth Management LLC boosted its stake in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after buying an additional 272 shares during the period. Planning Capital Management Corp grew its holdings in shares of PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 268 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its stake in shares of PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 243 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.