PayPal (NASDAQ:PYPL) Trading Down 0.2% – Here’s Why

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price dropped 0.2% during trading on Monday . The company traded as low as $81.79 and last traded at $83.23. Approximately 2,214,639 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 6,696,729 shares. The stock had previously closed at $83.36.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PYPL shares. Barclays boosted their price objective on PayPal from $92.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Piper Sandler restated a “neutral” rating and set a $88.00 price objective on shares of PayPal in a report on Friday, November 22nd. Wolfe Research raised shares of PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 price objective on the stock in a research note on Friday, December 13th. UBS Group boosted their target price on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Finally, Bank of America raised shares of PayPal from a “neutral” rating to a “buy” rating and raised their price target for the company from $86.00 to $103.00 in a research report on Monday, December 9th. Fourteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned 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 $89.16.

PayPal Trading Up 2.3 %

The firm has a market cap of $89.42 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The firm’s 50-day simple moving average is $86.91 and its 200 day simple moving average is $76.31.

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

Institutional Trading of PayPal

Several hedge funds and other institutional investors have recently modified their holdings of the business. Avanza Fonder AB bought a new stake in shares of PayPal in the fourth quarter valued at approximately $5,940,000. Procyon Advisors LLC raised its position in shares of PayPal by 7.7% in the fourth quarter. Procyon Advisors LLC now owns 41,719 shares of the credit services provider’s stock valued at $3,561,000 after purchasing an additional 2,979 shares during the period. Everpar Advisors LLC raised its position in shares of PayPal by 7.2% in the fourth quarter. Everpar Advisors LLC now owns 4,074 shares of the credit services provider’s stock valued at $348,000 after purchasing an additional 273 shares during the period. RDA Financial Network raised its position in shares of PayPal by 27.8% in the fourth quarter. RDA Financial Network now owns 3,682 shares of the credit services provider’s stock valued at $314,000 after purchasing an additional 800 shares during the period. Finally, Empirical Asset Management LLC bought a new stake in shares of PayPal in the fourth quarter valued at approximately $1,037,000. Institutional investors 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.