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

PayPal Holdings, Inc. (NASDAQ:PYPL) was down 0.8% on Thursday . The company traded as low as $89.77 and last traded at $90.06. Approximately 1,413,129 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 13,060,469 shares. The stock had previously closed at $90.75.

Analyst Ratings Changes

PYPL has been the topic of several recent research reports. The Goldman Sachs Group lifted their price objective on shares of PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Mizuho lifted their price target on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley raised their price objective on PayPal from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Phillip Securities restated an “accumulate” rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a report on Friday, November 1st. Fifteen analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, PayPal presently has a consensus rating of “Moderate Buy” and an average target price of $86.74.

PayPal Price Performance

The company’s 50-day simple moving average is $83.87 and its 200 day simple moving average is $72.23. The company has a market capitalization of $91.25 billion, a P/E ratio of 21.72, a P/E/G ratio of 1.66 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal during the third quarter valued at approximately $26,000. Planning Capital Management Corp raised its stake in shares of PayPal by 186.1% in the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock valued at $32,000 after buying an additional 268 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after purchasing an additional 243 shares during the period. Legacy Investment Solutions LLC bought a new stake in PayPal in the third quarter valued at $36,000. Finally, Family Firm Inc. acquired a new stake in shares of PayPal during the 2nd quarter worth about $29,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

About PayPal

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.