PayPal (NASDAQ:PYPL) Stock Price Down 1.8% - Here's Why

PayPal Holdings, Inc. (NASDAQ:PYPL - Get Free Report)'s stock price was down 1.8% during mid-day trading on Tuesday . The stock traded as low as $76.31 and last traded at $76.81. Approximately 4,496,446 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 11,166,640 shares. The stock had previously closed at $78.24.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PYPL shares. Robert W. Baird dropped their target price on PayPal from $100.00 to $95.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 target price on shares of PayPal in a research report on Thursday, December 12th. Wells Fargo & Company raised their price objective on PayPal from $75.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 16th. StockNews.com raised PayPal from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Finally, JPMorgan Chase & Co. raised their price objective on PayPal from $80.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 30th. Thirteen 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $90.52.

PayPal Trading Up 1.8 %

The stock has a fifty day moving average of $86.66 and a 200-day moving average of $80.01. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.26. The company has a market cap of $77.13 billion, a PE ratio of 19.44, a PEG ratio of 1.29 and a beta of 1.44.

PayPal (NASDAQ:PYPL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The company had revenue of $8.37 billion during the quarter, compared to analysts' expectations of $8.27 billion. During the same quarter in the previous year, the business earned $1.48 EPS. PayPal's revenue was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 EPS for the current fiscal year.

Hedge Funds Weigh In On PayPal

A number of large investors have recently bought and sold shares of PYPL. Gordian Capital Singapore Pte Ltd purchased a new position in PayPal during the 3rd quarter valued at $26,000. Rosenberg Matthew Hamilton raised its position in PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 125 shares in the last quarter. Hurley Capital LLC bought a new stake in PayPal during the 4th quarter valued at $27,000. Sugarloaf Wealth Management LLC raised its position in PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider's stock valued at $30,000 after purchasing an additional 272 shares in the last quarter. Finally, Planning Capital Management Corp raised its position 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 worth $32,000 after acquiring an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 68.32% of the company's stock.

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.