PayPal (NASDAQ:PYPL) Shares Down 0.3% - Here's Why

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) fell 0.3% on Monday . The stock traded as low as $85.53 and last traded at $85.54. 2,186,483 shares were traded during trading, a decline of 84% from the average session volume of 13,420,233 shares. The stock had previously closed at $85.83.

Analysts Set New Price Targets

Several research analysts have recently weighed in on PYPL shares. Macquarie upped their price target on shares of PayPal from $90.00 to $95.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Robert W. Baird upped their target price on PayPal from $80.00 to $91.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Argus upgraded shares of PayPal from a "hold" rating to a "buy" rating in a research note on Wednesday, July 31st. Morgan Stanley increased their target price on PayPal from $71.00 to $76.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their price target on PayPal from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Thursday, October 17th. Fifteen equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, PayPal currently has an average rating of "Moderate Buy" and a consensus target price of $83.45.

PayPal Stock Performance

The business's fifty day moving average price is $78.86 and its two-hundred day moving average price is $69.04. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $85.69 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.53 and a beta of 1.43.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly 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 firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.88 billion. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The company's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. As a group, sell-side analysts forecast that PayPal Holdings, Inc. will post 4.56 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal in the 3rd quarter valued at about $26,000. Family Firm Inc. purchased a new position in shares of PayPal during the 2nd quarter worth $29,000. SYSTM Wealth Solutions LLC increased its position in shares of PayPal by 50.6% during the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock valued at $29,000 after acquiring an additional 167 shares during the last quarter. Tortoise Investment Management LLC raised its position in PayPal by 930.0% in the second quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 465 shares during the period. Finally, Planning Capital Management Corp lifted its stake in PayPal by 186.1% during the 3rd quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock worth $32,000 after acquiring an additional 268 shares in 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.

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