PayPal (NASDAQ:PYPL) Shares Down 0.5% – Time to Sell?

by · The Cerbat Gem

PayPal Holdings, Inc. (NASDAQ:PYPL – Get Free Report) traded down 0.5% during trading on Thursday . The stock traded as low as $68.27 and last traded at $69.12. 3,088,331 shares changed hands during mid-day trading, a decline of 74% from the average session volume of 12,038,001 shares. The stock had previously closed at $69.50.

Analyst Ratings Changes

PYPL has been the subject of several research reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a research note on Tuesday, February 4th. Wells Fargo & Company reissued an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Macquarie raised their price objective on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Robert W. Baird dropped their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, Bank of America raised PayPal from a “neutral” rating to a “buy” rating and increased their price target for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.03.

Get Our Latest Report on PYPL

PayPal Price Performance

The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company’s fifty day moving average price is $81.75 and its 200 day moving average price is $81.00. The company has a market capitalization of $69.72 billion, a P/E ratio of 17.58, a PEG ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL – Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $1.48 EPS. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 5.03 EPS for the current year.

Insider Activity at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly owns 29,734 shares of the company’s stock, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On PayPal

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mpwm Advisory Solutions LLC bought a new position in PayPal in the 4th quarter valued at approximately $25,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of PayPal in the 3rd quarter valued at $26,000. Rosenberg Matthew Hamilton grew its position in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the last quarter. Hurley Capital LLC acquired a new position in shares of PayPal in the fourth quarter valued at approximately $27,000. Finally, Sugarloaf Wealth Management LLC increased its position in PayPal by 344.3% in 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. Institutional investors own 68.32% of the company’s stock.

About PayPal

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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.

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