PayPal (NASDAQ:PYPL) Shares Down 2.6% – Should You Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s share price fell 2.6% during mid-day trading on Monday . The stock traded as low as $68.11 and last traded at $68.62. 3,040,961 shares were traded during mid-day trading, a decline of 75% from the average session volume of 12,112,029 shares. The stock had previously closed at $70.48.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PYPL shares. Bank of America upgraded shares of PayPal from a “neutral” rating to a “buy” rating and lifted their target price for the company from $86.00 to $103.00 in a report on Monday, December 9th. BTIG Research restated a “neutral” rating on shares of PayPal in a research note on Tuesday, February 4th. StockNews.com raised PayPal from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Wolfe Research upgraded PayPal from a “peer perform” rating to an “outperform” rating and set a $107.00 target price on the stock in a report on Friday, December 13th. Finally, Piper Sandler decreased their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Fourteen investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.03.

PayPal Trading Down 0.3 %

The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average is $81.05 and its two-hundred day moving average is $81.08. The firm has a market cap of $67.25 billion, a P/E ratio of 16.95, a P/E/G ratio of 1.27 and a beta of 1.52.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The business had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the prior year, the firm earned $1.48 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Activity at PayPal

In other PayPal news, Director Gail J. Mcgovern sold 2,446 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the completion of the transaction, the director now owns 29,734 shares in the company, valued at approximately $2,145,308.10. The trade was a 7.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

Institutional Trading of PayPal

Several institutional investors have recently modified their holdings of the company. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal in the fourth quarter valued at $25,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of PayPal in the third quarter worth $26,000. Rosenberg Matthew Hamilton boosted its position in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 125 shares during the period. Hurley Capital LLC purchased a new position in PayPal during the 4th quarter valued at about $27,000. Finally, Sugarloaf Wealth Management LLC increased its holdings in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock valued at $30,000 after purchasing an additional 272 shares during the period. 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.