PayPal (NASDAQ:PYPL) Stock Price Down 2.6% – Should You Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price fell 2.6% on Monday . The stock traded as low as $68.11 and last traded at $68.62. 3,040,961 shares were traded during mid-day trading, a decline of 75% from the average session volume of 12,112,029 shares. The stock had previously closed at $70.48.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Barclays increased their target price on PayPal from $92.00 to $110.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. StockNews.com raised shares of PayPal from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Royal Bank of Canada reissued an “outperform” rating and set a $100.00 target price on shares of PayPal in a report on Thursday, December 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of PayPal in a report on Tuesday, February 4th. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of PayPal in a research note on Wednesday, February 5th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $90.03.

PayPal Stock Down 3.3 %

The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $67.41 billion, a P/E ratio of 16.99, a P/E/G ratio of 1.27 and a beta of 1.52. The stock has a 50 day moving average price of $81.75 and a 200 day moving average price of $81.13.

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

Insider Activity at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On PayPal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of PayPal by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,736,394 shares of the credit services provider’s stock worth $1,849,884,000 after buying an additional 271,836 shares during the period. FMR LLC lifted its stake in PayPal by 12.9% in the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider’s stock worth $1,615,134,000 after acquiring an additional 2,161,582 shares in the last quarter. Capital Research Global Investors boosted its position in PayPal by 108.2% during the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider’s stock worth $1,529,823,000 after acquiring an additional 9,313,783 shares during the period. Norges Bank purchased a new position in PayPal during the 4th quarter valued at about $1,086,508,000. Finally, Mizuho Securities USA LLC increased its holdings in shares of PayPal by 12,919.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after purchasing an additional 10,419,351 shares during the period. Institutional investors and hedge funds 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.