PayPal (NASDAQ:PYPL) Trading Down 0.4% – Here’s What Happened

PayPal Holdings, Inc. (NASDAQ:PYPL) traded down 0.4% on Monday . The stock traded as low as $73.97 and last traded at $74.63. 4,174,342 shares were traded during trading, a decline of 63% from the average session volume of 11,257,251 shares. The stock had previously closed at $74.95.

Analyst Upgrades and Downgrades

PYPL has been the subject of several analyst reports. Robert W. Baird lowered their price objective on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. UBS Group upped their price objective on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of PayPal in a research report on Wednesday, February 5th. Needham & Company LLC reissued a “hold” rating on shares of PayPal in a research report on Wednesday. Finally, BMO Capital Markets upped their target price on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Fourteen equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $90.55.

PayPal Stock Down 2.7 %

The firm’s 50-day moving average is $84.52 and its two-hundred day moving average is $81.02. 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 $71.27 billion, a P/E ratio of 17.97, a PEG ratio of 1.27 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last released its 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 company had revenue of $8.37 billion during the quarter, compared to the consensus estimate of $8.27 billion. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.48 earnings per share. On average, equities research analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Institutional Trading of PayPal

Hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP raised its stake in PayPal by 11.4% in the 3rd quarter. Allworth Financial LP now owns 5,727 shares of the credit services provider’s stock valued at $447,000 after acquiring an additional 588 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of PayPal by 40.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 73,537 shares of the credit services provider’s stock worth $5,738,000 after purchasing an additional 21,002 shares in the last quarter. J.W. Cole Advisors Inc. grew its holdings in shares of PayPal by 62.8% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 10,348 shares of the credit services provider’s stock worth $807,000 after purchasing an additional 3,991 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its stake in PayPal by 18.0% in the third quarter. Baker Tilly Wealth Management LLC now owns 4,633 shares of the credit services provider’s stock valued at $362,000 after buying an additional 706 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in PayPal by 0.8% in the third quarter. Nisa Investment Advisors LLC now owns 329,607 shares of the credit services provider’s stock valued at $25,719,000 after buying an additional 2,591 shares in the last quarter. 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.