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

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group upped their price objective on PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Bank of America raised PayPal from a “neutral” rating to a “buy” rating and upped their price target for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Piper Sandler reiterated a “neutral” rating and issued a $88.00 price objective on shares of PayPal in a research report on Friday, November 22nd. BMO Capital Markets upped their target price on shares of PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, October 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of PayPal in a research report on Wednesday, October 30th. Fifteen investment 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.74.

PayPal Stock Up 1.8 %

The firm has a 50-day moving average price of $83.87 and a two-hundred day moving average price of $72.23. The company has a market capitalization of $91.25 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 1.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

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

Hedge Funds Weigh In On PayPal

A number of large investors have recently modified their holdings of PYPL. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal in the third quarter valued at about $26,000. Family Firm Inc. bought a new stake in shares of PayPal during the 2nd quarter worth approximately $29,000. SYSTM Wealth Solutions LLC boosted its holdings in shares of PayPal by 50.6% in the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock valued at $29,000 after buying an additional 167 shares during the last quarter. Tortoise Investment Management LLC grew its stake in shares of PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock valued at $30,000 after buying an additional 465 shares in the last quarter. Finally, Planning Capital Management Corp increased its holdings in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after buying an additional 268 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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.