PayPal (NASDAQ:PYPL) Shares Down 0.4% - Should You Sell?

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price traded down 0.4% during mid-day trading on Thursday . The stock traded as low as $68.70 and last traded at $69.71. 1,938,087 shares changed hands during trading, a decline of 82% from the average session volume of 10,831,880 shares. The stock had previously closed at $69.97.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price target on PayPal from $79.00 to $80.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 26th. Robert W. Baird reduced their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Bank of America raised shares of PayPal from a "neutral" rating to a "buy" rating and boosted their target price for the company from $86.00 to $103.00 in a research note on Monday, December 9th. Barclays raised their price target on shares of PayPal from $92.00 to $110.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 17th. Finally, Citigroup reissued an "outperform" rating on shares of PayPal in a research report on Wednesday, February 5th. Sixteen research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $90.03.

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PayPal Stock Down 5.4 %

The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.48. The company's 50 day moving average price is $76.28 and its 200 day moving average price is $80.82. The firm has a market capitalization of $64.45 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.27 and a beta of 1.52.

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 the consensus estimate of $1.11 by $0.08. The business had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 EPS. As a group, research analysts forecast that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gail J. Mcgovern sold 2,446 shares of the company's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now owns 29,734 shares in the company, valued at $2,145,308.10. This represents a 7.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PYPL. Norges Bank purchased a new position in shares of PayPal during the 4th quarter valued at approximately $1,086,508,000. Capital Research Global Investors grew its position in PayPal by 108.2% during the fourth quarter. Capital Research Global Investors now owns 17,924,106 shares of the credit services provider's stock valued at $1,529,823,000 after buying an additional 9,313,783 shares during the period. Artisan Partners Limited Partnership increased its holdings in PayPal by 284.0% in the fourth quarter. Artisan Partners Limited Partnership now owns 7,804,334 shares of the credit services provider's stock valued at $666,100,000 after buying an additional 5,772,198 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of PayPal in the third quarter worth about $387,435,000. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of PayPal by 174.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 4,233,341 shares of the credit services provider's stock valued at $361,316,000 after acquiring an additional 2,689,162 shares during the period. 68.32% of the stock is 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.