PayPal (NASDAQ:PYPL) Trading Down 0.3% – Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL) dropped 0.3% on Friday . The stock traded as low as $85.82 and last traded at $86.34. Approximately 1,467,810 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 13,242,571 shares. The stock had previously closed at $86.57.

Wall Street Analyst Weigh In

PYPL has been the subject of a number of analyst reports. Barclays increased their price target on PayPal from $85.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Macquarie increased their price target on PayPal from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada increased their price target on PayPal from $84.00 to $89.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Susquehanna increased their price target on PayPal from $83.00 to $94.00 and gave the company a “positive” rating in a report on Wednesday, October 30th. Finally, BMO Capital Markets upped their price objective on PayPal from $73.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, October 30th. Sixteen analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, PayPal currently has a consensus rating of “Moderate Buy” and an average price target of $83.60.

PayPal Trading Up 0.3 %

The company has a fifty day simple moving average of $81.49 and a two-hundred day simple moving average of $70.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $87.03 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last posted its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.97 earnings per share. On average, analysts forecast that PayPal Holdings, Inc. will post 4.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PayPal

Several hedge funds and other institutional investors have recently made changes to their positions in PYPL. Mizuho Securities USA LLC grew its position in shares of PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock valued at $819,315,000 after purchasing an additional 10,419,351 shares during the last quarter. FMR LLC grew its position in shares of PayPal by 86.3% in the third quarter. FMR LLC now owns 16,762,080 shares of the credit services provider’s stock valued at $1,307,945,000 after purchasing an additional 7,767,072 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of PayPal in the third quarter valued at about $387,435,000. Primecap Management Co. CA grew its position in shares of PayPal by 180.7% in the second quarter. Primecap Management Co. CA now owns 4,946,460 shares of the credit services provider’s stock valued at $287,043,000 after purchasing an additional 3,184,160 shares during the last quarter. Finally, Clearbridge Investments LLC grew its position in shares of PayPal by 28.1% in the second quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider’s stock valued at $493,907,000 after purchasing an additional 1,866,925 shares during the last quarter. 68.32% of the stock is owned by institutional investors and hedge funds.

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.