PayPal (NASDAQ:PYPL) Stock Price Down 0.5% - Here's Why

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price dropped 0.5% on Tuesday . The company traded as low as $90.52 and last traded at $90.86. Approximately 2,036,627 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 12,985,574 shares. The stock had previously closed at $91.30.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PYPL shares. Keefe, Bruyette & Woods lifted their price objective on PayPal from $92.00 to $104.00 and gave the company an "outperform" rating in a report on Monday, December 9th. JPMorgan Chase & Co. lifted their price target on shares of PayPal from $80.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on shares of PayPal from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 30th. Susquehanna lifted their target price on shares of PayPal from $83.00 to $94.00 and gave the company a "positive" rating in a research note on Wednesday, October 30th. Finally, Macquarie increased their price target on PayPal from $95.00 to $115.00 and gave the stock an "outperform" rating in a research report on Tuesday. Fifteen research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $87.97.

PayPal Stock Performance

The stock has a fifty day simple moving average of $84.29 and a two-hundred day simple moving average of $72.78. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market cap of $91.09 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 1.66 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The credit services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.13. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. PayPal's revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $0.97 earnings per share. Analysts expect that PayPal Holdings, Inc. will post 4.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PYPL. FMR LLC increased its holdings in PayPal by 86.3% in the 3rd quarter. FMR LLC now owns 16,762,080 shares of the credit services provider's stock worth $1,307,945,000 after purchasing an additional 7,767,072 shares in the last quarter. Mizuho Securities USA LLC increased its stake in shares of PayPal by 12,919.4% in the third quarter. Mizuho Securities USA LLC now owns 10,500,000 shares of the credit services provider's stock valued at $819,315,000 after buying an additional 10,419,351 shares during the period. Legal & General Group Plc raised its holdings in PayPal by 3.3% in the 2nd quarter. Legal & General Group Plc now owns 8,636,644 shares of the credit services provider's stock valued at $501,184,000 after buying an additional 276,287 shares during the last quarter. Clearbridge Investments LLC boosted its position in PayPal by 28.1% during the 2nd quarter. Clearbridge Investments LLC now owns 8,511,242 shares of the credit services provider's stock worth $493,907,000 after buying an additional 1,866,925 shares during the period. Finally, Primecap Management Co. CA increased its position in PayPal by 21.6% in the 3rd quarter. Primecap Management Co. CA now owns 6,015,816 shares of the credit services provider's stock valued at $469,414,000 after acquiring an additional 1,069,356 shares during the period. 68.32% of the stock is currently owned by institutional investors and hedge funds.

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.