PayPal (NASDAQ:PYPL) Trading Down 0.3% – Should You Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL) shares fell 0.3% during trading on Thursday . The stock traded as low as $67.90 and last traded at $68.43. 2,332,440 shares traded hands during trading, a decline of 81% from the average session volume of 12,153,047 shares. The stock had previously closed at $68.62.

Analyst Ratings Changes

Several research firms have recently commented on PYPL. Morgan Stanley raised their price target on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Macquarie increased their price objective on PayPal from $115.00 to $117.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. Susquehanna raised their price target on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a research note on Monday, January 6th. Bank of America upgraded PayPal from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $86.00 to $103.00 in a research report on Monday, December 9th. Finally, Citigroup reiterated an “outperform” rating on shares of PayPal in a research report on Wednesday, February 5th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Stock Up 3.0 %

The firm has a 50 day moving average price of $79.96 and a two-hundred day moving average price of $80.88. 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 has a market capitalization of $68.21 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter last year, the company posted $1.48 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current year.

Insiders Place Their Bets

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the firm’s stock in a transaction dated 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 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 at this link. 0.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PayPal

A number of large investors have recently bought and sold shares of PYPL. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of PayPal during the fourth quarter valued at approximately $27,676,000. PKO Investment Management Joint Stock Co bought a new stake in shares of PayPal during the fourth quarter valued at approximately $2,560,000. Centaurus Financial Inc. raised its holdings in shares of PayPal by 11.7% during the fourth quarter. Centaurus Financial Inc. now owns 16,195 shares of the credit services provider’s stock valued at $1,382,000 after buying an additional 1,690 shares during the last quarter. Audent Global Asset Management LLC raised its holdings in shares of PayPal by 164.6% during the fourth quarter. Audent Global Asset Management LLC now owns 37,942 shares of the credit services provider’s stock valued at $3,238,000 after buying an additional 23,604 shares during the last quarter. Finally, GHE LLC raised its holdings in shares of PayPal by 4.7% during the fourth quarter. GHE LLC now owns 28,214 shares of the credit services provider’s stock valued at $2,408,000 after buying an additional 1,258 shares during the last quarter. Institutional investors 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.