PayPal (NASDAQ:PYPL) Trading Down 0.7% – Here’s What Happened

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) fell 0.7% on Friday . The company traded as low as $85.12 and last traded at $85.15. 1,913,717 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 13,443,896 shares. The stock had previously closed at $85.79.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PYPL shares. Morgan Stanley raised their price target on PayPal from $71.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. BMO Capital Markets upped their price target on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group reduced their price objective on shares of PayPal from $70.00 to $65.00 in a research note on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of PayPal from $74.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.45.

PayPal Trading Up 0.4 %

The company has a market cap of $86.33 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.56 and a beta of 1.43. The business’s 50-day moving average price is $78.52 and its 200 day moving average price is $68.88. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, topping 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 firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter 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. As a group, analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

Hedge Funds Weigh In On PayPal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Planning Capital Management Corp lifted its stake in shares of PayPal by 186.1% during the 3rd 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. Financial Management Professionals Inc. lifted its position in PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock worth $34,000 after acquiring an additional 243 shares during the last quarter. Family Firm Inc. acquired a new stake in PayPal during the second quarter worth approximately $29,000. SYSTM Wealth Solutions LLC boosted its holdings in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 167 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of PayPal in the first quarter valued at approximately $34,000. 68.32% of the stock is owned by institutional investors.

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.