PayPal (NASDAQ:PYPL) Shares Down 0.4% – Should You Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL) shares dropped 0.4% during mid-day trading on Tuesday . The company traded as low as $86.94 and last traded at $87.40. Approximately 1,654,674 shares traded hands during trading, a decline of 88% from the average daily volume of 13,310,560 shares. The stock had previously closed at $87.77.

Analysts Set New Price Targets

Several research firms have issued reports on PYPL. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. Sanford C. Bernstein cut PayPal from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. BMO Capital Markets raised their target price on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Finally, Canaccord Genuity Group raised their target price on PayPal from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.60.

PayPal Stock Down 0.7 %

The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a market capitalization of $87.36 billion, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43. The firm has a 50 day moving average of $80.74 and a 200-day moving average of $69.89.

PayPal (NASDAQ:PYPL) last issued its quarterly 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 return on equity of 23.44% and a net margin of 14.08%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts expect that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Institutional Trading of PayPal

A number of large investors have recently made changes to their positions in the company. Mizuho Securities USA LLC boosted its holdings in PayPal by 12,919.4% during 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 stake in PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after acquiring an additional 7,767,072 shares during the last quarter. World Investment Advisors LLC purchased a new position in PayPal in the third quarter valued at about $387,435,000. Primecap Management Co. CA lifted its stake in shares of PayPal by 180.7% during the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after buying an additional 3,184,160 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in shares of PayPal by 28.1% during 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 buying an additional 1,866,925 shares in the last quarter. Institutional investors 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.