PayPal (NASDAQ:PYPL) Shares Down 0.1% After Analyst Downgrade

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price traded down 0.1% during trading on Wednesday after Monness Crespi & Hardt lowered their price target on the stock from $120.00 to $90.00. Monness Crespi & Hardt currently has a buy rating on the stock. PayPal traded as low as $56.63 and last traded at $57.33. 3,633,375 shares changed hands during trading, a decline of 68% from the average session volume of 11,357,330 shares. The stock had previously closed at $57.41.

PYPL has been the subject of several other research reports. Macquarie upped their price target on shares of PayPal from $115.00 to $117.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. DZ Bank raised shares of PayPal from a "hold" rating to a "buy" rating and set a $92.00 target price for the company in a report on Friday, February 28th. Barclays boosted their target price on PayPal from $92.00 to $110.00 and gave the company an "overweight" rating in a report on Tuesday, December 17th. Needham & Company LLC reissued a "hold" rating on shares of PayPal in a research note on Wednesday, February 26th. Finally, Robert W. Baird reduced their target price on shares of PayPal from $100.00 to $95.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Fifteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, PayPal currently has an average rating of "Moderate Buy" and an average price target of $88.32.

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Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total transaction of $176,478.90. Following the transaction, the director now directly owns 29,734 shares in the company, valued at approximately $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Park Place Capital Corp boosted its holdings in shares of PayPal by 6.6% in the 4th quarter. Park Place Capital Corp now owns 1,886 shares of the credit services provider's stock valued at $161,000 after purchasing an additional 116 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in PayPal by 67.6% in the fourth quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 125 shares during the last quarter. JFS Wealth Advisors LLC grew its position in PayPal by 33.2% during the fourth quarter. JFS Wealth Advisors LLC now owns 502 shares of the credit services provider's stock valued at $43,000 after acquiring an additional 125 shares during the period. Wynn Capital LLC increased its stake in PayPal by 1.1% during the fourth quarter. Wynn Capital LLC now owns 11,515 shares of the credit services provider's stock worth $983,000 after acquiring an additional 130 shares during the last quarter. Finally, Avalon Trust Co raised its holdings in shares of PayPal by 7.0% in the 4th quarter. Avalon Trust Co now owns 2,067 shares of the credit services provider's stock worth $176,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 68.32% of the company's stock.

PayPal Stock Up 3.4 %

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 firm has a market capitalization of $61.92 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The firm has a 50 day moving average price of $69.88 and a two-hundred day moving average price of $79.77.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its quarterly earnings results 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 net margin of 13.04% and a return on equity of 23.67%. The firm had revenue of $8.37 billion for the quarter, compared to analysts' expectations of $8.27 billion. During the same period in the previous year, the company posted $1.48 earnings per share. PayPal's revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

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.