PayPal (NASDAQ:PYPL) Stock Price Down 0.8% – Should You Sell?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) fell 0.8% during trading on Monday . The company traded as low as $85.97 and last traded at $86.42. 1,302,881 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 12,985,535 shares. The stock had previously closed at $87.13.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price objective on shares of PayPal in a research report on Thursday, December 12th. Keefe, Bruyette & Woods boosted their target price on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Piper Sandler reissued a “neutral” rating and set a $88.00 price target on shares of PayPal in a report on Friday, November 22nd. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective for the company in a research note on Friday, December 13th. Finally, Barclays boosted their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a research note on Tuesday, December 17th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PayPal currently has an average rating of “Moderate Buy” and a consensus price target of $88.42.

PayPal Trading Up 1.6 %

The stock has a 50-day simple moving average of $84.95 and a 200 day simple moving average of $73.55. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The company has a market cap of $88.47 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.97 earnings per share. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Institutional Investors Weigh In On PayPal

Hedge funds have recently bought and sold shares of the stock. Mizuho Securities USA LLC grew its position in PayPal by 12,919.4% during the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after buying an additional 10,419,351 shares during the period. FMR LLC grew its position in shares of PayPal by 86.3% during the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after acquiring an additional 7,767,072 shares during the period. World Investment Advisors LLC purchased a new position in shares of PayPal in the 3rd quarter valued at about $387,435,000. Primecap Management Co. CA raised its holdings in PayPal by 180.7% in the 2nd quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock worth $287,043,000 after purchasing an additional 3,184,160 shares during the period. Finally, Clearbridge Investments LLC boosted its position in PayPal by 28.1% during the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock worth $493,907,000 after purchasing an additional 1,866,925 shares in the last quarter. 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.