PayPal (NASDAQ:PYPL) Trading Down 1.6% – What’s Next?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) fell 1.6% on Tuesday . The company traded as low as $86.88 and last traded at $88.76. 2,690,302 shares changed hands during trading, a decline of 66% from the average session volume of 8,022,318 shares. The stock had previously closed at $90.24.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PYPL. Mizuho boosted their price objective on PayPal from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, October 14th. BMO Capital Markets boosted their price target on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Sanford C. Bernstein lowered shares of PayPal from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $75.00 to $80.00 in a research note on Thursday, October 10th. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and upped their target price for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. lifted their price target on PayPal from $80.00 to $90.00 and gave the company an “overweight” rating in a research note 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 given a strong buy rating to the stock. Based on data from MarketBeat, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $89.48.

PayPal Trading Up 0.9 %

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 company has a market cap of $89.80 billion, a PE ratio of 21.38, a PEG ratio of 1.54 and a beta of 1.44. The firm’s 50 day moving average is $88.04 and its 200 day moving average is $78.53.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 earnings per share. On average, equities analysts anticipate that PayPal Holdings, Inc. will post 4.58 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PYPL. J.P. Marvel Investment Advisors LLC lifted its position in PayPal by 309.4% during the fourth quarter. J.P. Marvel Investment Advisors LLC now owns 61,417 shares of the credit services provider’s stock valued at $5,242,000 after purchasing an additional 46,417 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in PayPal in the fourth quarter valued at $423,000. Allworth Financial LP raised its position in PayPal by 245.7% during the fourth quarter. Allworth Financial LP now owns 19,800 shares of the credit services provider’s stock valued at $1,779,000 after purchasing an additional 14,073 shares in the last quarter. Principal Securities Inc. lifted its stake in PayPal by 35.1% during the fourth quarter. Principal Securities Inc. now owns 22,531 shares of the credit services provider’s stock worth $1,923,000 after purchasing an additional 5,858 shares during the last quarter. Finally, Everhart Financial Group Inc. boosted its holdings in shares of PayPal by 16.4% in the 4th quarter. Everhart Financial Group Inc. now owns 4,619 shares of the credit services provider’s stock worth $394,000 after purchasing an additional 652 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company’s stock.

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.