PayPal (NASDAQ:PYPL) Trading Down 0.1% – Here’s Why

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Macquarie upped their price target on shares of PayPal from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Mizuho upped their target price on PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $78.00 price target on shares of PayPal in a report on Wednesday, September 18th. Canaccord Genuity Group reissued a “buy” rating and issued a $80.00 price objective on shares of PayPal in a research note on Wednesday, July 31st. Finally, Oppenheimer started coverage on PayPal in a research note on Tuesday, October 1st. They set a “market perform” rating for the company. Sixteen analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, PayPal presently has an average rating of “Moderate Buy” and a consensus target price of $78.03.

PayPal Stock Down 0.5 %

The company has a market capitalization of $82.34 billion, a PE ratio of 19.56, a PEG 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 has a fifty day moving average of $74.81 and a 200 day moving average of $66.86.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.20. PayPal had a return on equity of 22.82% and a net margin of 14.30%. The company had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.82 billion. During the same quarter in the prior year, the business earned $0.83 EPS. PayPal’s revenue was up 8.2% on a year-over-year basis. Equities research analysts anticipate that PayPal Holdings, Inc. will post 4.44 EPS for the current year.

Institutional Trading of PayPal

A number of institutional investors have recently bought and sold shares of the business. Brown Financial Advisors purchased a new stake in shares of PayPal during the 2nd quarter worth approximately $1,454,000. Cape Cod Five Cents Savings Bank acquired a new position in shares of PayPal in the 2nd quarter valued at $3,014,000. Distillate Capital Partners LLC grew its position in PayPal by 156,934.7% during the 2nd quarter. Distillate Capital Partners LLC now owns 343,906 shares of the credit services provider’s stock worth $19,957,000 after purchasing an additional 343,687 shares during the last quarter. Fiduciary Alliance LLC boosted its stake in shares of PayPal by 604.7% during the first quarter. Fiduciary Alliance LLC now owns 53,076 shares of the credit services provider’s stock worth $3,452,000 after buying an additional 45,544 shares during the period. Finally, 1832 Asset Management L.P. raised its stake in PayPal by 44.6% during the 1st quarter. 1832 Asset Management L.P. now owns 1,235 shares of the credit services provider’s stock valued at $83,000 after acquiring an additional 381 shares during the last quarter. 68.32% of the stock is owned by hedge funds and other institutional investors.

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.