PayPal (NASDAQ:PYPL) Shares Down 0.2% – Time to Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL)’s stock price dropped 0.2% on Friday . The stock traded as low as $89.19 and last traded at $89.59. Approximately 1,363,437 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 8,161,488 shares. The stock had previously closed at $89.73.

Wall Street Analysts Forecast Growth

PYPL has been the topic of several research reports. Monness Crespi & Hardt increased their price target on shares of PayPal from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, October 28th. UBS Group increased their price target on shares of PayPal from $72.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Mizuho increased their price target on shares of PayPal from $90.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Susquehanna raised their price objective on shares of PayPal from $94.00 to $101.00 and gave the stock a “positive” rating in a research note on Monday, January 6th. Finally, Robert W. Baird raised their price objective on shares of PayPal from $80.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Fourteen 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 MarketBeat.com, PayPal has a consensus rating of “Moderate Buy” and an average target price of $89.48.

PayPal Stock Performance

The firm has a market capitalization of $89.82 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 1.54 and a beta of 1.44. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average price of $87.70 and a 200 day moving average price of $77.58.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts forecast that PayPal Holdings, Inc. will post 4.58 EPS for the current year.

Hedge Funds Weigh In On PayPal

A number of institutional investors and hedge funds have recently made changes to their positions in PYPL. Gordian Capital Singapore Pte Ltd purchased a new stake in PayPal during the third quarter worth approximately $26,000. Rosenberg Matthew Hamilton lifted its stake in PayPal by 67.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 125 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its stake in PayPal by 344.3% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after purchasing an additional 272 shares during the last quarter. Planning Capital Management Corp lifted its stake in PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 268 shares during the last quarter. Finally, Financial Management Professionals Inc. lifted its stake in PayPal by 125.3% in the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider’s stock valued at $34,000 after buying an additional 243 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.