PayPal (NASDAQ:PYPL) Shares Down 0.1%

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price fell 0.1% on Wednesday . The stock traded as low as $63.20 and last traded at $63.34. 1,921,405 shares were traded during trading, a decline of 88% from the average session volume of 16,637,705 shares. The stock had previously closed at $63.43.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PYPL. DZ Bank cut PayPal from a “buy” rating to a “hold” rating and set a $60.00 price objective on the stock. in a research report on Friday, February 9th. BTIG Research reaffirmed a “neutral” rating on shares of PayPal in a research report on Friday, January 5th. Mizuho dropped their price target on PayPal from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. William Blair reissued an “outperform” rating on shares of PayPal in a research report on Thursday, February 8th. Finally, UBS Group boosted their price target on PayPal from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Twenty-three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $70.47.

PayPal Price Performance

The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $65.37 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.44 and a beta of 1.45. The firm has a 50 day moving average price of $62.27 and a 200 day moving average price of $59.90.

PayPal (NASDAQ:PYPL) last posted its quarterly earnings data on Wednesday, February 7th. The credit services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.36 by $0.12. The firm had revenue of $8.03 billion during the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 20.84% and a net margin of 14.26%. PayPal’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 EPS. Research analysts anticipate that PayPal Holdings, Inc. will post 3.93 earnings per share for the current year.

Insider Transactions at PayPal

In related news, SVP Frank Keller sold 7,686 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $60.64, for a total value of $466,079.04. Following the completion of the transaction, the senior vice president now owns 23,430 shares of the company’s stock, valued at approximately $1,420,795.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. State Street Corp boosted its holdings in PayPal by 2.7% in the 1st quarter. State Street Corp now owns 45,423,344 shares of the credit services provider’s stock worth $3,449,434,000 after buying an additional 1,202,956 shares during the period. Geode Capital Management LLC boosted its holdings in shares of PayPal by 1.1% during the 1st quarter. Geode Capital Management LLC now owns 20,947,345 shares of the credit services provider’s stock valued at $1,586,966,000 after purchasing an additional 235,651 shares during the last quarter. Morgan Stanley boosted its holdings in shares of PayPal by 4.5% during the 3rd quarter. Morgan Stanley now owns 20,069,337 shares of the credit services provider’s stock valued at $1,173,254,000 after purchasing an additional 873,181 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its holdings in shares of PayPal by 110,462.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 17,136,071 shares of the credit services provider’s stock valued at $1,220,431,000 after purchasing an additional 17,120,572 shares during the last quarter. Finally, Norges Bank bought a new position in shares of PayPal during the 4th quarter valued at about $1,022,333,000. 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.