PayPal (NASDAQ:PYPL) Stock Price Down 1.6% - Should You Sell?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) traded down 1.6% during trading on Friday . The company traded as low as $86.24 and last traded at $86.72. 1,177,505 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 12,884,687 shares. The stock had previously closed at $88.14.

Analyst Ratings Changes

A number of analysts have commented on the stock. Susquehanna increased their price objective on shares of PayPal from $83.00 to $94.00 and gave the company a "positive" rating in a report on Wednesday, October 30th. Sanford C. Bernstein downgraded shares of PayPal from an "outperform" rating to a "market perform" rating and increased their price objective for the company from $75.00 to $80.00 in a report on Thursday, October 10th. BMO Capital Markets increased their price target on shares of PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a research note on Wednesday, October 30th. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 price target on shares of PayPal in a research note on Thursday, December 12th. Fifteen analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.42.

PayPal Price Performance

The company's 50 day moving average is $85.26 and its 200 day moving average is $73.76. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $87.08 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly 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 net margin of 14.08% and a return on equity of 23.44%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period last year, the business earned $0.97 EPS. PayPal's revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts anticipate that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Gordian Capital Singapore Pte Ltd acquired a new position in PayPal in the third quarter valued at $26,000. Planning Capital Management Corp increased its stake in PayPal by 186.1% in 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 during the period. Financial Management Professionals Inc. increased its stake in PayPal by 125.3% in 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 during the period. Legacy Investment Solutions LLC acquired a new position in PayPal in the third quarter valued at $36,000. Finally, SYSTM Wealth Solutions LLC increased its stake in PayPal by 50.6% in the second quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock valued at $29,000 after purchasing an additional 167 shares during the period. 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.