PayPal (NASDAQ:PYPL) Trading Down 4.4% – Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price dropped 4.4% on Thursday . The company traded as low as $60.49 and last traded at $61.11. Approximately 3,129,329 shares changed hands during trading, a decline of 73% from the average daily volume of 11,409,156 shares. The stock had previously closed at $63.95.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PYPL. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a report on Sunday, April 6th. Citigroup reissued an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Morgan Stanley raised their price objective on PayPal from $79.00 to $80.00 and gave the company an “equal weight” rating in a report on Wednesday, February 26th. Macquarie upped their target price on PayPal from $115.00 to $117.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Barclays increased their price target on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research report on Tuesday, December 17th. Fifteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus target price of $88.32.

PayPal Stock Up 3.4 %

The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The stock has a market cap of $61.92 billion, a P/E ratio of 15.61, a PEG ratio of 1.27 and a beta of 1.60. The firm has a 50-day simple moving average of $69.88 and a two-hundred day simple moving average of $79.77.

PayPal (NASDAQ:PYPL) last released its quarterly 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. The business had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $1.48 earnings per share. Equities research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the sale, the director now directly 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. 0.14% of the stock is owned by company insiders.

Institutional Investors Weigh In On PayPal

Institutional investors and hedge funds have recently bought and sold shares of the company. Continuum Advisory LLC raised its holdings in shares of PayPal by 285.8% during the 3rd quarter. Continuum Advisory LLC now owns 760 shares of the credit services provider’s stock worth $65,000 after buying an additional 563 shares in the last quarter. Virtue Capital Management LLC bought a new position in PayPal in the third quarter valued at about $202,000. Soltis Investment Advisors LLC acquired a new position in PayPal during the third quarter worth about $201,000. Anchor Investment Management LLC lifted its holdings in shares of PayPal by 9.9% in the third quarter. Anchor Investment Management LLC now owns 35,219 shares of the credit services provider’s stock worth $2,748,000 after acquiring an additional 3,175 shares during the last quarter. Finally, Boyar Asset Management Inc. acquired a new stake in shares of PayPal in the 3rd quarter valued at approximately $208,000. 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.