PayPal (NASDAQ:PYPL) Shares Down 1% - What's Next?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) fell 1% on Tuesday . The company traded as low as $87.97 and last traded at $88.60. 1,472,041 shares were traded during trading, a decline of 73% from the average session volume of 5,361,537 shares. The stock had previously closed at $89.53.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PYPL. Oppenheimer began coverage on PayPal in a report on Tuesday, October 1st. They set a "market perform" rating for the company. Monness Crespi & Hardt lifted their target price on PayPal from $95.00 to $110.00 and gave the company a "buy" rating in a report on Monday, October 28th. Keefe, Bruyette & Woods lifted their price target on PayPal from $92.00 to $104.00 and gave the company an "outperform" rating in a research report on Monday, December 9th. Morgan Stanley lifted their price target on PayPal from $76.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. lifted their price target on PayPal from $80.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Fourteen equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, PayPal presently has an average rating of "Moderate Buy" and a consensus target price of $88.65.

PayPal Stock Performance

The company has a market capitalization of $88.19 billion, a PE ratio of 21.00, a PEG ratio of 1.66 and a beta of 1.44. The company has a 50 day moving average of $85.99 and a two-hundred day moving average of $75.15. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.25 and a quick ratio of 1.25.

PayPal (NASDAQ:PYPL - Get Free Report) last released its earnings results on Tuesday, October 29th. The credit services provider reported $1.20 EPS for the quarter, topping the consensus estimate 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 for 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 company's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts predict that PayPal Holdings, Inc. will post 4.57 earnings per share for the current year.

Institutional Investors Weigh In On PayPal

Hedge funds have recently added to or reduced their stakes in the stock. Gordian Capital Singapore Pte Ltd bought a new stake in PayPal in the third quarter worth $26,000. Planning Capital Management Corp lifted its holdings in shares of PayPal by 186.1% during the third quarter. Planning Capital Management Corp now owns 412 shares of the credit services provider's stock valued at $32,000 after purchasing an additional 268 shares in the last quarter. Financial Management Professionals Inc. lifted its holdings in shares of PayPal by 125.3% during the third quarter. Financial Management Professionals Inc. now owns 437 shares of the credit services provider's stock valued at $34,000 after purchasing an additional 243 shares in the last quarter. Modus Advisors LLC bought a new position in shares of PayPal during the fourth quarter valued at $37,000. Finally, Legacy Investment Solutions LLC bought a new position in shares of PayPal during the third quarter valued at $36,000. 68.32% of the stock is owned by institutional investors.

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.