PayPal (NASDAQ:PYPL) Shares Down 0.3% – Here’s What Happened

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price fell 0.3% during mid-day trading on Thursday . The stock traded as low as $75.80 and last traded at $76.03. 2,969,480 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 11,308,874 shares. The stock had previously closed at $76.27.

Analyst Upgrades and Downgrades

PYPL has been the subject of a number of recent research reports. Morgan Stanley cut their price target on PayPal from $90.00 to $79.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Wolfe Research raised PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price for the company in a research note on Friday, December 13th. UBS Group lifted their price objective on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Piper Sandler boosted their target price on PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Finally, StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Thirteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.52.

PayPal Stock Performance

The stock has a market capitalization of $75.30 billion, a PE ratio of 18.99, a P/E/G ratio of 1.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.25. The business’s fifty day moving average price is $86.91 and its 200-day moving average price is $80.03.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $1.48 earnings per share. As a group, equities research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Institutional Investors Weigh In On PayPal

Several large investors have recently bought and sold shares of the business. Hurley Capital LLC bought a new stake in shares of PayPal during the 4th quarter valued at about $27,000. Rosenberg Matthew Hamilton grew 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 acquiring an additional 125 shares during the period. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal during the 3rd quarter valued at approximately $26,000. Sugarloaf Wealth Management LLC grew 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 acquiring an additional 272 shares during the period. Finally, Planning Capital Management Corp grew its stake 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 during the period. 68.32% of the stock is currently 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.