PayPal (NASDAQ:PYPL) Stock Price Down 0.1% – Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL) shares traded down 0.1% on Wednesday . The stock traded as low as $80.76 and last traded at $80.79. 2,211,106 shares were traded during trading, a decline of 84% from the average session volume of 13,557,244 shares. The stock had previously closed at $80.91.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PYPL. Wells Fargo & Company increased their price target on shares of PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. StockNews.com upgraded shares of PayPal from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets boosted their price target on shares of PayPal from $72.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, October 3rd. Susquehanna increased their price objective on PayPal from $71.00 to $83.00 and gave the stock a “positive” rating in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Sixteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.03.

PayPal Stock Performance

The firm has a market capitalization of $82.34 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 1.47 and a beta of 1.44. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.47. The business’s 50 day simple moving average is $74.81 and its two-hundred day simple moving average is $66.86.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.20. The company had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. PayPal had a net margin of 14.30% and a return on equity of 22.82%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 earnings per share. Research analysts expect that PayPal Holdings, Inc. will post 4.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PayPal

A number of institutional investors have recently bought and sold shares of PYPL. Park Avenue Securities LLC increased its holdings in shares of PayPal by 47.3% in the first quarter. Park Avenue Securities LLC now owns 19,306 shares of the credit services provider’s stock worth $1,293,000 after purchasing an additional 6,203 shares during the last quarter. RFG Advisory LLC purchased a new stake in shares of PayPal during the 1st quarter valued at about $367,000. Riverview Trust Co bought a new position in shares of PayPal in the 1st quarter valued at about $47,000. Sound Income Strategies LLC increased its stake in PayPal by 77.9% during the first quarter. Sound Income Strategies LLC now owns 1,247 shares of the credit services provider’s stock worth $84,000 after acquiring an additional 546 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in PayPal during the first quarter valued at approximately $131,000. Hedge funds and other 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.