PayPal (NASDAQ:PYPL) Stock Price Down 0.5% – Should You Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL) fell 0.5% on Tuesday . The stock traded as low as $90.52 and last traded at $90.86. 2,036,627 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 12,985,574 shares. The stock had previously closed at $91.30.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PYPL. Macquarie lifted their price objective on shares of PayPal from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday. Oppenheimer began coverage on shares of PayPal in a research report on Tuesday, October 1st. They set a “market perform” rating for the company. Susquehanna boosted their price objective on PayPal from $83.00 to $94.00 and gave the stock a “positive” rating in a report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Finally, Wells Fargo & Company raised their price target on PayPal from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Fifteen analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.97.

PayPal Price Performance

The company has a market cap of $90.81 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.66 and a beta of 1.44. The stock has a 50-day simple moving average of $84.09 and a 200 day simple moving average of $72.58. 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 posted its quarterly earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.97 earnings per share. On average, equities analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd bought a new position in PayPal in the 3rd quarter valued at $26,000. Family Firm Inc. purchased a new position in shares of PayPal in the second quarter valued at $29,000. SYSTM Wealth Solutions LLC increased its position 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 valued at $29,000 after buying an additional 167 shares during the period. Tortoise Investment Management LLC lifted its stake in PayPal by 930.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 465 shares in the last quarter. Finally, Planning Capital Management Corp boosted its position 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 valued at $32,000 after acquiring an additional 268 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.