PayPal (NASDAQ:PYPL) Trading Down 0.3% – What’s Next?

PayPal Holdings, Inc. (NASDAQ:PYPL) was down 0.3% on Thursday . The stock traded as low as $67.90 and last traded at $68.43. Approximately 2,332,440 shares were traded during trading, a decline of 81% from the average daily volume of 12,153,047 shares. The stock had previously closed at $68.62.

Analysts Set New Price Targets

Several equities analysts have weighed in on PYPL shares. Morgan Stanley raised their price target on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Piper Sandler cut their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Needham & Company LLC restated a “hold” rating on shares of PayPal in a report on Wednesday, February 26th. Macquarie raised their price target on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods lifted their target price on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PayPal presently has an average rating of “Moderate Buy” and an average target price of $90.03.

PayPal Trading Up 3.0 %

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a 50 day simple moving average of $79.96 and a two-hundred day simple moving average of $80.88. The firm has a market cap of $68.21 billion, a PE ratio of 17.19, a P/E/G ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Insider Transactions at PayPal

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

Hedge Funds Weigh In On PayPal

A number of hedge funds have recently made changes to their positions in the company. Park Place Capital Corp raised its holdings in shares of PayPal by 6.6% during the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after acquiring an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of PayPal by 33.2% in the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 125 shares during the last quarter. Wynn Capital LLC increased its holdings in shares of PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock valued at $983,000 after purchasing an additional 130 shares during the last quarter. Finally, Avalon Trust Co grew its position in PayPal by 7.0% in the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after acquiring an additional 135 shares during the period. Institutional investors and hedge funds own 68.32% of the company’s stock.

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.