PayPal (NASDAQ:PYPL) Shares Down 0.7% - Here's Why

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price traded down 0.7% during mid-day trading on Thursday . The stock traded as low as $86.44 and last traded at $86.74. 2,139,600 shares traded hands during trading, a decline of 84% from the average session volume of 13,469,022 shares. The stock had previously closed at $87.31.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Stephens increased their target price on PayPal from $75.00 to $85.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Mizuho lifted their target price on PayPal from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. William Blair raised shares of PayPal to a "hold" rating in a research report on Tuesday, July 30th. UBS Group boosted their price objective on shares of PayPal from $72.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their target price on shares of PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $83.45.

PayPal Stock Down 1.7 %

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 firm has a market cap of $86.01 billion, a P/E ratio of 20.70, a P/E/G ratio of 1.54 and a beta of 1.43. The business has a fifty day moving average of $78.25 and a 200 day moving average of $68.76.

PayPal (NASDAQ:PYPL - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.13. PayPal had a net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion during the quarter, compared to analysts' expectations of $7.88 billion. During the same quarter in the previous year, the company earned $0.97 earnings per share. The business's revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities research analysts predict that PayPal Holdings, Inc. will post 4.56 EPS for the current year.

Institutional Investors Weigh In On PayPal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. United Advisor Group LLC bought a new stake in PayPal during the third quarter worth about $810,000. FCG Investment Co bought a new position in shares of PayPal in the third quarter valued at $1,079,000. Brown Financial Advisors acquired a new position in PayPal during the second quarter worth $1,454,000. Weil Company Inc. raised its position in PayPal by 68.9% during the third quarter. Weil Company Inc. now owns 41,689 shares of the credit services provider's stock worth $3,253,000 after acquiring an additional 17,003 shares in the last quarter. Finally, Versor Investments LP lifted its stake in PayPal by 115.9% in the third quarter. Versor Investments LP now owns 26,223 shares of the credit services provider's stock valued at $2,046,000 after acquiring an additional 14,079 shares during the last quarter. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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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