PayPal (NASDAQ:PYPL) Stock Price Down 0.2%

PayPal Holdings, Inc. (NASDAQ:PYPL) shares fell 0.2% during trading on Thursday . The stock traded as low as $62.83 and last traded at $63.12. 1,962,827 shares traded hands during trading, a decline of 88% from the average session volume of 16,525,410 shares. The stock had previously closed at $63.26.

Analyst Ratings Changes

Several research firms recently commented on PYPL. Citigroup lowered their target price on PayPal from $76.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Sanford C. Bernstein lifted their price target on PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a report on Thursday. Stephens reaffirmed an “equal weight” rating and set a $70.00 price target on shares of PayPal in a report on Thursday, February 8th. Oppenheimer reaffirmed a “market perform” rating on shares of PayPal in a report on Thursday, January 25th. Finally, Susquehanna lifted their price target on PayPal from $61.00 to $65.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Twenty-three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $70.47.

PayPal Price Performance

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.29 and a current ratio of 1.29. The company has a 50-day simple moving average of $62.15 and a 200-day simple moving average of $59.89. The company has a market cap of $65.63 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 1.44 and a beta of 1.45.

PayPal (NASDAQ:PYPL) last released its earnings results on Wednesday, February 7th. The credit services provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.12. PayPal had a return on equity of 20.84% and a net margin of 14.26%. The company had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. As a group, research analysts predict that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $60.64, for a total value of $466,079.04. Following the sale, the senior vice president now owns 23,430 shares in the company, valued at approximately $1,420,795.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On PayPal

A number of institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp grew its holdings in shares of PayPal by 2.7% in the 1st quarter. State Street Corp now owns 45,423,344 shares of the credit services provider’s stock worth $3,449,434,000 after acquiring an additional 1,202,956 shares during the period. Geode Capital Management LLC grew its holdings in PayPal by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 20,947,345 shares of the credit services provider’s stock valued at $1,586,966,000 after buying an additional 235,651 shares during the last quarter. Morgan Stanley grew its holdings in PayPal by 4.5% during the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after buying an additional 873,181 shares during the last quarter. Moneta Group Investment Advisors LLC grew its holdings in PayPal by 110,462.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock valued at $1,220,431,000 after buying an additional 17,120,572 shares during the last quarter. Finally, Norges Bank acquired a new stake in PayPal during the 4th quarter valued at $1,022,333,000. Institutional investors and hedge funds 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.