PayPal (NASDAQ:PYPL) Stock Price Down 0.7% - What's Next?

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) were down 0.7% during trading on Friday . The stock traded as low as $85.12 and last traded at $85.15. Approximately 1,913,717 shares changed hands during trading, a decline of 86% from the average daily volume of 13,443,896 shares. The stock had previously closed at $85.79.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PYPL shares. BMO Capital Markets upped their price target on PayPal from $73.00 to $82.00 and gave the company a "market perform" rating in a report on Wednesday, October 30th. The Goldman Sachs Group increased their price target on PayPal from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Jefferies Financial Group cut their price objective on PayPal from $70.00 to $65.00 in a report on Monday, July 29th. Barclays raised their target price on shares of PayPal from $85.00 to $92.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of PayPal from $74.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, September 23rd. Fifteen research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $83.45.

PayPal Stock Performance

The stock has a market capitalization of $86.33 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 1.56 and a beta of 1.43. The stock's 50-day simple moving average is $78.52 and its 200 day simple moving average is $68.88. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

PayPal (NASDAQ:PYPL - Get Free Report) last announced its 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. The company had revenue of $7.85 billion for the quarter, compared to analysts' expectations of $7.88 billion. PayPal had a return on equity of 23.44% and a net margin of 14.08%. The business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.97 earnings per share. Analysts expect that PayPal Holdings, Inc. will post 4.56 earnings per share for the current fiscal year.

Institutional Trading of PayPal

Several hedge funds have recently modified their holdings of PYPL. Family Firm Inc. acquired a new stake in shares of PayPal in the 2nd quarter valued at $29,000. SYSTM Wealth Solutions LLC raised its holdings in PayPal by 50.6% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 497 shares of the credit services provider's stock worth $29,000 after purchasing an additional 167 shares during the last quarter. Tortoise Investment Management LLC lifted its position in PayPal by 930.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 515 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 465 shares during the period. Planning Capital Management Corp boosted its stake in shares of PayPal by 186.1% in the 3rd 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 last quarter. Finally, LRI Investments LLC acquired a new stake in shares of PayPal during the 1st quarter worth approximately $34,000. 68.32% of the stock is owned by institutional investors.

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.

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