PayPal (NASDAQ:PYPL) Shares Down 2.1% – Here’s What Happened

PayPal Holdings, Inc. (NASDAQ:PYPL) traded down 2.1% during trading on Monday . The company traded as low as $84.66 and last traded at $85.07. 1,504,012 shares were traded during trading, a decline of 88% from the average session volume of 12,854,891 shares. The stock had previously closed at $86.86.

Wall Street Analyst Weigh In

PYPL has been the subject of several recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $100.00 price target on shares of PayPal in a report on Thursday, December 12th. Morgan Stanley boosted their price objective on shares of PayPal from $76.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Oppenheimer initiated coverage on PayPal in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods boosted their price target on PayPal from $92.00 to $104.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $88.00 price objective on shares of PayPal in a research report on Friday, November 22nd. Fifteen equities research 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.42.

PayPal Trading Down 0.1 %

The stock has a market cap of $85.57 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50 day moving average of $85.57 and a two-hundred day moving average of $74.37.

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

Institutional Trading of PayPal

Several institutional investors have recently modified their holdings of PYPL. Bruce G. Allen Investments LLC lifted its stake in PayPal by 7.4% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,810 shares of the credit services provider’s stock valued at $141,000 after buying an additional 124 shares in the last quarter. First United Bank & Trust lifted its position in shares of PayPal by 6.4% in the third quarter. First United Bank & Trust now owns 2,395 shares of the credit services provider’s stock valued at $187,000 after acquiring an additional 145 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of PayPal by 3.3% in the third quarter. Ritholtz Wealth Management now owns 4,724 shares of the credit services provider’s stock worth $369,000 after acquiring an additional 152 shares during the last quarter. Laraway Financial Advisors Inc raised its stake in PayPal by 3.8% in the 3rd quarter. Laraway Financial Advisors Inc now owns 4,228 shares of the credit services provider’s stock valued at $330,000 after purchasing an additional 154 shares during the last quarter. Finally, SYSTM Wealth Solutions LLC lifted its holdings in 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 purchasing an additional 167 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.