PayPal (NASDAQ:PYPL) Shares Down 1.1% – Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL) shares traded down 1.1% during trading on Thursday . The company traded as low as $76.90 and last traded at $77.53. 2,420,666 shares traded hands during trading, a decline of 78% from the average session volume of 11,153,791 shares. The stock had previously closed at $78.36.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. 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. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $86.00 to $103.00 in a research note on Monday, December 9th. BMO Capital Markets increased their price target on PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 30th. Citigroup increased their price target on PayPal from $97.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Finally, Piper Sandler increased their price target on PayPal from $88.00 to $93.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PayPal has an average rating of “Moderate Buy” and a consensus target price of $90.52.

PayPal Trading Down 1.2 %

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $76.60 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.29 and a beta of 1.44. The company’s 50 day simple moving average is $85.73 and its two-hundred day simple moving average is $80.55.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share 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 the consensus estimate 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 in the prior year, the business posted $1.48 earnings per share. Research analysts expect that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Institutional Investors Weigh In On PayPal

Institutional investors have recently made changes to their positions in the company. Park Place Capital Corp lifted its stake in PayPal by 6.6% in the fourth quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider’s stock valued at $161,000 after acquiring an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. JFS Wealth Advisors LLC lifted its stake in shares of PayPal by 33.2% in the 4th quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider’s stock valued at $43,000 after purchasing an additional 125 shares during the last quarter. Wynn Capital LLC boosted its holdings in PayPal by 1.1% in the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider’s stock worth $983,000 after purchasing an additional 130 shares in the last quarter. Finally, Avalon Trust Co increased its position in PayPal by 7.0% during the fourth quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider’s stock worth $176,000 after buying an additional 135 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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.