PayPal (NASDAQ:PYPL) Shares Down 1.1% – Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price was down 1.1% during trading on Thursday . The company traded as low as $76.90 and last traded at $77.53. Approximately 2,420,666 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 11,153,791 shares. The stock had previously closed at $78.36.

Wall Street Analysts Forecast Growth

PYPL has been the subject of several recent analyst reports. Monness Crespi & Hardt upped their price objective on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Citigroup upped their price target on shares of PayPal from $97.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Canaccord Genuity Group raised their price target on PayPal from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird lowered their price target on PayPal from $100.00 to $95.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Finally, Piper Sandler raised their price target on PayPal from $88.00 to $93.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Thirteen equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.52.

PayPal Stock Down 1.2 %

The business’s 50 day moving average price is $85.73 and its 200-day moving average price is $80.55. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market cap of $76.60 billion, a P/E ratio of 19.32, a PEG ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion during the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the previous year, the company posted $1.48 earnings per share. PayPal’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal in the fourth quarter valued at approximately $25,000. Hurley Capital LLC bought a new position in PayPal in the 4th quarter worth approximately $27,000. Rosenberg Matthew Hamilton raised its position in PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in PayPal in the 3rd quarter worth approximately $26,000. Finally, Sugarloaf Wealth Management LLC raised its position in PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 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.