PayPal (NASDAQ:PYPL) Stock Price Down 0.8% Following Analyst Downgrade

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price fell 0.8% on Thursday after Robert W. Baird lowered their price target on the stock from $100.00 to $95.00. Robert W. Baird currently has an outperform rating on the stock. PayPal traded as low as $78.21 and last traded at $78.58. 5,152,847 shares changed hands during trading, a decline of 53% from the average session volume of 10,932,644 shares. The stock had previously closed at $79.20.

Several other equities analysts have also commented on PYPL. Citigroup upped their target price on PayPal from $97.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group upped their price objective on PayPal from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Phillip Securities reiterated an “accumulate” rating and issued a $90.00 target price (up from $80.00) on shares of PayPal in a research note on Friday, November 1st. BMO Capital Markets upped their price target on shares of PayPal from $73.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 30th. Finally, 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, December 17th. Fourteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, PayPal has a consensus rating of “Moderate Buy” and an average target price of $89.29.

Institutional Trading of PayPal

A number of hedge funds have recently bought and sold shares of the company. FMR LLC raised its holdings in shares of PayPal by 86.3% during 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 acquiring an additional 7,767,072 shares during the period. Mizuho Securities USA LLC grew its position in PayPal by 12,919.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider’s stock worth $819,315,000 after purchasing an additional 10,419,351 shares in the last quarter. Primecap Management Co. CA raised its stake in PayPal by 21.6% during the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider’s stock valued at $469,414,000 after purchasing an additional 1,069,356 shares during the period. World Investment Advisors LLC purchased a new stake in shares of PayPal in the third quarter valued at $387,435,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of PayPal by 174.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider’s stock worth $361,316,000 after buying an additional 2,689,162 shares during the period. 68.32% of the stock is owned by hedge funds and other institutional investors.

PayPal Stock Down 0.9 %

The firm has a market cap of $78.68 billion, a PE ratio of 18.75, a P/E/G ratio of 1.49 and a beta of 1.44. 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 business has a fifty day moving average price of $87.87 and a two-hundred day moving average price of $79.39.

PayPal (NASDAQ:PYPL) last released its earnings results on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The company had revenue of $8.37 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same quarter in the previous year, the business posted $1.48 EPS. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts anticipate that PayPal Holdings, Inc. will post 4.58 EPS for the current fiscal year.

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.