PayPal (NASDAQ:PYPL) Stock Price Down 2.7%

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) traded down 2.7% during mid-day trading on Thursday . The stock traded as low as $62.95 and last traded at $63.12. 3,070,083 shares were traded during trading, a decline of 81% from the average session volume of 16,135,881 shares. The stock had previously closed at $64.84.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of PayPal from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Stephens restated an “equal weight” rating and set a $70.00 price target on shares of PayPal in a research report on Thursday, February 8th. BTIG Research reissued a “neutral” rating on shares of PayPal in a research note on Friday, January 5th. Sanford C. Bernstein upped their target price on shares of PayPal from $66.00 to $68.00 and gave the stock a “market perform” rating in a research report on Thursday, April 18th. Finally, DZ Bank cut PayPal from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a report on Friday, February 9th. Twenty-three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $70.47.

PayPal Stock Down 1.1 %

The business’s 50 day simple moving average is $62.65 and its 200 day simple moving average is $60.08. The company has a market capitalization of $67.47 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.20 and a beta of 1.45. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.46.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.12. PayPal had a net margin of 14.26% and a return on equity of 20.84%. The firm had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the business posted $1.01 EPS. The company’s revenue was up 8.7% on a year-over-year basis. As a group, analysts forecast that PayPal Holdings, Inc. will post 4.02 EPS for the current year.

Insider Activity

In related news, SVP Frank Keller sold 7,686 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $60.64, for a total transaction of $466,079.04. Following the completion of the sale, the senior vice president now directly owns 23,430 shares in the company, valued at $1,420,795.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Institutional Trading of PayPal

Institutional investors have recently bought and sold shares of the company. Schnieders Capital Management LLC lifted its holdings in shares of PayPal by 9.7% during the 1st quarter. Schnieders Capital Management LLC now owns 10,901 shares of the credit services provider’s stock valued at $730,000 after buying an additional 964 shares during the last quarter. Capital Investment Advisory Services LLC raised its position in PayPal by 4.3% during the first quarter. Capital Investment Advisory Services LLC now owns 29,399 shares of the credit services provider’s stock valued at $1,969,000 after acquiring an additional 1,212 shares in the last quarter. MTM Investment Management LLC lifted its stake in PayPal by 9.6% in the first quarter. MTM Investment Management LLC now owns 7,444 shares of the credit services provider’s stock valued at $499,000 after acquiring an additional 650 shares during the last quarter. GFS Advisors LLC grew its position in PayPal by 21.0% in the first quarter. GFS Advisors LLC now owns 5,209 shares of the credit services provider’s stock worth $349,000 after acquiring an additional 904 shares in the last quarter. Finally, Penn Davis Mcfarland Inc. raised its holdings in shares of PayPal by 10.6% during the 1st quarter. Penn Davis Mcfarland Inc. now owns 529,818 shares of the credit services provider’s stock valued at $35,493,000 after purchasing an additional 50,809 shares in the last quarter. 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.