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

PayPal Holdings, Inc. (NASDAQ:PYPL) shares were down 0.3% during trading on Monday . The company traded as low as $86.00 and last traded at $88.28. Approximately 3,344,135 shares traded hands during trading, a decline of 58% from the average daily volume of 7,934,561 shares. The stock had previously closed at $88.58.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PYPL. Piper Sandler boosted their price target on PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Susquehanna lifted their target price on shares of PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research report on Monday, January 6th. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $75.00 to $80.00 in a research report on Thursday, October 10th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and upped their price objective for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Finally, The Goldman Sachs Group raised their target price on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $89.29.

PayPal Stock Up 1.9 %

The firm has a 50-day moving average price of $88.01 and a two-hundred day moving average price of $79.39. The company has a market capitalization of $79.40 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 1.49 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The business had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. During the same quarter last year, the firm earned $1.48 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that PayPal Holdings, Inc. will post 4.58 earnings per share for the current fiscal year.

Institutional Trading of PayPal

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC raised its holdings in PayPal by 113.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 7,470 shares of the credit services provider’s stock valued at $638,000 after acquiring an additional 3,976 shares during the period. World Investment Advisors LLC acquired a new position in PayPal during the third quarter worth about $387,435,000. United Advisor Group LLC bought a new position in PayPal in the 3rd quarter valued at approximately $810,000. FCG Investment Co bought a new stake in shares of PayPal during the third quarter worth about $1,079,000. Finally, Equity Investment Corp lifted its holdings in shares of PayPal by 3.5% during the third quarter. Equity Investment Corp now owns 1,998,298 shares of the credit services provider’s stock worth $155,927,000 after purchasing an additional 67,497 shares during the period. 68.32% of the stock is owned by 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.