PayPal (NASDAQ:PYPL) Shares Down 1.1% - Should You Sell?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) traded down 1.1% during trading on Thursday . The company traded as low as $76.90 and last traded at $77.53. 2,420,666 shares changed hands during trading, a decline of 78% from the average session volume of 11,153,791 shares. The stock had previously closed at $78.36.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. BMO Capital Markets lifted their target price on shares of PayPal from $73.00 to $82.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on shares of PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $100.00 target price on shares of PayPal in a research note on Thursday, December 12th. Robert W. Baird reduced their target price on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, Piper Sandler lifted their target price on shares of PayPal from $88.00 to $93.00 and gave the stock a "neutral" rating in a research note on Friday, January 24th. Thirteen research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.52.

PayPal Stock Performance

The stock's 50-day simple moving average is $85.50 and its 200 day simple moving average is $80.53. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $74.14 billion, a PE ratio of 18.69, a P/E/G ratio of 1.28 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The company had revenue of $8.37 billion for the quarter, compared to the consensus estimate of $8.27 billion. During the same period in the prior year, the firm posted $1.48 EPS. The company's quarterly revenue was up 4.2% compared to the same quarter last year. As a group, research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Mpwm Advisory Solutions LLC purchased a new position in shares of PayPal in the 4th quarter valued at $25,000. Hurley Capital LLC purchased a new position in shares of PayPal in the 4th quarter valued at $27,000. Rosenberg Matthew Hamilton grew its position in shares of PayPal by 67.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after buying an additional 125 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of PayPal in the 3rd quarter valued at $26,000. Finally, Sugarloaf Wealth Management LLC grew its position in shares of PayPal by 344.3% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after buying an additional 272 shares during the last quarter. 68.32% of the stock is 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.