PayPal (NASDAQ:PYPL) Trading Down 1.4% After Analyst Downgrade

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report) were down 1.4% on Monday after Keefe, Bruyette & Woods lowered their price target on the stock from $104.00 to $85.00. Keefe, Bruyette & Woods currently has an outperform rating on the stock. PayPal traded as low as $63.40 and last traded at $64.25. Approximately 2,956,026 shares were traded during trading, a decline of 74% from the average daily volume of 11,193,841 shares. The stock had previously closed at $65.15.

A number of other research analysts also recently commented on PYPL. Royal Bank of Canada reiterated an "outperform" rating and issued a $100.00 price objective on shares of PayPal in a report on Thursday, December 12th. Arete Research downgraded PayPal from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 27th. Bank of America raised shares of PayPal from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $86.00 to $103.00 in a report on Monday, December 9th. Wells Fargo & Company restated an "equal weight" rating on shares of PayPal in a report on Wednesday, February 5th. Finally, Susquehanna increased their target price on shares of PayPal from $94.00 to $101.00 and gave the company a "positive" rating in a research report on Monday, January 6th. Sixteen investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $89.13.

Insider Buying and Selling at PayPal

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

Institutional Trading of PayPal

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

PayPal Price Performance

The company's 50-day moving average is $74.82 and its 200-day moving average is $80.74. The firm has a market capitalization of $61.95 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 1.27 and a beta of 1.60. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26.

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. The company had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. PayPal had a net margin of 13.04% and a return on equity of 23.67%. PayPal's revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the business earned $1.48 EPS. On average, research analysts expect that PayPal Holdings, Inc. will post 5.03 earnings per share for the current 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.