PayPal (NASDAQ:PYPL) Shares Down 0.4% - Should You Sell?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) dropped 0.4% on Monday . The stock traded as low as $64.97 and last traded at $65.06. Approximately 3,672,897 shares were traded during trading, a decline of 68% from the average daily volume of 11,416,256 shares. The stock had previously closed at $65.34.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wells Fargo & Company dropped their price target on PayPal from $80.00 to $74.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Arete Research set a $81.00 price objective on PayPal in a research report on Thursday, March 27th. Monness Crespi & Hardt reduced their price objective on PayPal from $120.00 to $90.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. StockNews.com downgraded shares of PayPal from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Finally, Compass Point initiated coverage on PayPal in a report on Wednesday, April 23rd. They set a "sell" rating and a $56.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PayPal currently has a consensus rating of "Moderate Buy" and an average price target of $85.88.

PayPal Price Performance

The business's fifty day moving average price is $66.76 and its 200-day moving average price is $78.58. 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 company has a market capitalization of $63.76 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.27 and a beta of 1.60.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share for the quarter, beating 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 company had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. During the same period last year, the firm posted $1.48 EPS. PayPal's revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, sell-side analysts predict that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Transactions at PayPal

In other news, Director Gail J. Mcgovern sold 2,446 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the transaction, the director now directly owns 29,734 shares in the company, valued at $2,145,308.10. This trade represents a 7.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On PayPal

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of PayPal in the fourth quarter worth $1,086,508,000. Capital Research Global Investors lifted its stake in shares of PayPal by 108.2% in the 4th quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after purchasing an additional 9,313,783 shares during the last quarter. Artisan Partners Limited Partnership increased its position in PayPal by 284.0% during the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after acquiring an additional 5,772,198 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in PayPal by 174.1% in the 4th 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 purchasing an additional 2,689,162 shares during the period. Finally, FMR LLC boosted its holdings in PayPal by 12.9% during the 4th quarter. FMR LLC now owns 18,923,662 shares of the credit services provider's stock valued at $1,615,134,000 after acquiring an additional 2,161,582 shares during the period. 68.32% of the stock is currently owned by hedge funds and other institutional investors.

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.

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